As the snow comes down here in lovely PA, I find myself reading the following:
Bush leaves to his successor two unfinished wars, Osama bin Laden living in an unstable Pakistan, a U.S. reputation soiled by Abu Ghraib, Guantanamo and torture, a deep recession and what is sure to be the first $1 trillion-plus deficit. In short, a gigantic mess, all the bigger for the peace, prosperity and black ink he inherited.
Bush both grew the government and gave laissez-faire a bad name, overseeing a rash of corporate scandals in 2002 and the housing meltdown. The financial wreckage has many fathers, but Bush, the first MBA president, stands among them, failing to restrain the liquidity bubble as it ballooned and asking for $700 billion to rescue banks as it burst. The GOP is fractured and adrift.
“Bush has really destroyed small-government conservatism,” said David Boaz, vice president of the libertarian Cato Institute.
Read the whole thing.