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Posted At : March 17, 2008 03:55 PM | Posted By : D McKee
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Wall Street,Politics
Washington man informs us that we're experiencing "challenging times." Thanks for that update. Let us know when things start to get serious. Like, say, the Federal Reserve assuming the risk on $30 billion worth of Bear Stearns' mortgage loans. Oh, that happened. Or maybe the Red Cross laying off 40% of its workforce. Oh, wait, that happened too.
Jeez! We haven't advanced much from the first term of Bush II, when Kevin Philips (no bleeding heart, he) decried this White House's "cheerleader mentality" where matters economic are concerned.
Then there's this nugget from the President's speech to the Economic Club of New York: "And what concerns me is, is that the United States of America will become fatigued when it comes to fighting off tyrants, or say it's too hard to spread liberty, or use the excuse that just because freedom hadn't flourished in parts of the world, therefore it's not worth trying, and that, as a result, we kind of retrench and lose confidence in our -- the values that have made us a great nation in the first place."
So the war-weary American public is somehow to blame, perhaps, for not being up to the challenge of Bush's leadership? Yes, we've arrived at that quintessential *fin de siecle* moment where the Great Leader castigates the masses for letting him down, for being unequal to his vision. (I saw a clip of this over the weekend and it was too mind-boggling to go unquoted.)
Perhaps, someday, it will occur to GWB that it was his methods that proved "not worth trying" ... but I doubt it.
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