Bruce Bartlett, a conservative economist, takes on the conservatives and their attempt to blame the problems that the country is now facing on President Obama. Who does Bartlett blame? George W. Bush. He concludes that conservatives will have no real voice until they hold the GOP to the same standards they are demanding of President Obama. Read the whole thing, but here is a quote.
I think conservative anger is misplaced. To a large extent, Obama is only cleaning up messes created by Bush. This is not to say Obama hasn’t made mistakes himself, but even they can be blamed on Bush insofar as Bush’s incompetence led to the election of a Democrat. If he had done half as good a job as most Republicans have talked themselves into believing he did, McCain would have won easily.
Conservative protesters should remember that the recession, which led to so many of the policies they oppose, is almost entirely the result of Bush’s policies. According to the National Bureau of Economic Research, the recession began in December 2007—long before Obama was even nominated. And the previous recession ended in November 2001, so the current recession cannot be blamed on cyclical forces that Bush inherited.
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To the extent that there were mistakes in housing policy that contributed to the recession, those were necessarily committed by Bush political appointees at the Department of Housing and Urban Development, Fannie Mae, Freddie Mac, and other agencies. To the extent that banks and other financial institutions made mistakes or engaged in fraudulent activity, it was either overlooked or sanctioned by Bush appointees at the Securities & Exchange Commission, the Comptroller of the Currency, the Commodity Futures Trading Commission, and elsewhere.
But in a larger sense, the extremely poor economic performance of the Bush years really set the stage for the current recession. This is apparent when we compare Bush’s two terms to Bill Clinton’s eight years. Since both took office close to a business cycle trough and left office close to a cyclical peak, this is a reasonable comparison.
Throughout the Bush years, many conservative economists, including CNBC’s Larry Kudlow, extravagantly extolled Bush’s economic policies. As late as December 21, 2007, after the recession already began, he wrote in National Review: “the Goldilocks economy is outperforming all expectations.” In a column on May 2, 2008, almost six months into the recession, Kudlow praised Bush for having prevented a recession.
But the truth was always that the economy performed very, very badly under Bush, and the best efforts of his cheerleaders cannot change that fact because the data don’t lie.
Update (8/16/09): Now Bruce Bartlett has penned an email to Steve Benen at the Washington Monthly.
I believe that political parties should do penance for their mistakes and just losing power is not enough. Part of that involves understanding why those mistakes were made and how to prevent them from happening again. Republicans, however, have done no penance. They just pretend that they did nothing wrong. But until they do penance they don’t deserve any credibility and should be ignored until they do. That’s what my attacks on Bush are all about. I want Republicans to admit they were wrong about him, accept blame for his mistakes, and take some meaningful action to keep them from happening again. Bush should be treated as a pariah, as Richard Nixon was for many years until he rebuilt his credibility by more or less coming clean about Watergate with David Frost and writing a number of thoughtful books.
One reason this isn’t happening is because the media don’t treat Republicans as if they are discredited. On the contrary, they often seem to be treated as if they have more credibility than the administration. Just look at the silly issue of death panels. The media should have laughed it out the window, ridiculed it or at least ignored it once it was determined that there was no basis to the charge. Instead, those making the most outlandish charges are treated with deference and respect, while those that actually have credibility on the subject are treated as equals at best and often with deep skepticism, as if they are the ones with an ax to grind.
I am truly baffled by this situation, as I’m sure you are.