Friday, March 13, 2009

If Bush Had Done What Obama Is Doing..

"Would they be lamenting a flawed vetting process related to the embarrassing tax problems and quirky (dis)qualifications -- and withdrawals from consideration -- of nominees to top administration posts?

"How would they react to polls giving the president a 60 percent job-approval rating, yet finding 44 percent groaning that the nation is 'off on the wrong track'?

"Speaking of polls, would they be responding sarcastically to a president named Bush -- as Obama has -- talking up price-earnings ratios and ruminating that the stock market 'is sort of like a tracking poll in politics. It bobs up and down every day. . . . If you spend your time worrying abut that, you're probably going to get the long-term strategy wrong.'?

"Would they ridicule the president for urging Americans to go out and buy stocks, just as they ridiculed his predecessor following 9/11 (and properly so), for urging Americans to conduct their lives as though nothing had happened -- and to go out and shop?

"If Obama were Bush, what would they be saying about how his ascendancy has affected a Dow Jones Industrial Average that has declined more than 30 percent since Election Day?

"Would they be arguing -- shouting? -- about the implicit lessons of, e.g., Citibank at $1.03 per share, of General Motors at $1.45, of General Electric at $7.06?

"Would there be outrage when the new attorney general termed this a 'nation of cowards' on the subject of race?

"Would there be anything positive cited about a secretary of state who journeyed to China -- a country still overseen by Communists and building its military at light-speed -- where she (a) declined even to mention China's human rights abuses while (b) begging it to buy greatly more American debt?

"Oh, and on the subject of debt, how would they react to an incumbent president named Bush, suddenly positioned insistently before star-spangled backdrops, mimicking failed New Deal policies wherein FDR warred on the corporate class and sought to spend the nation out of the Depression? (Consider this, from FDR's Treasury Secretary Henry Morgenthau in 1939, a decade after the crash: 'We are spending more than we have ever spent before and it does not work. We have just as much unemployment as when we started . . . and an enormous debt to boot!')"