http://www.huffingtonpost.com/steve-clemons/bush-does-a-911-replay-in_b_129099.htmlJust after the September 11th terrorist attacks occurred, George W. Bush went before the nation and made the case that he needed unprecedented authority -- budgetary and military -- to take on the threats poised at the well-being and safety of the country.
Now with the current economic crisis in the United States, Bush is yet again asking for unprecedented powers and budget.
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What is shocking about the presentation by Bush -- and the deal that is unfolding is that we don't see any acceptance of responsibility for the failure of his team's stewardship of the economy. We didn't hear acknowledgment that the compulsive deregulation mantra of Bush's political and economic allies created a massive bubble where lots of billionaires were created and now tens of millions of less fortunate Americans are holding the bill.
We didn't hear Bush say that it's time to reverse the tax cuts that he put in place to help those who have already benefited from the perverse finance and housing bubble that was pumped up.
We didn't hear a firm commitment from Bush to help the working families who hold these sub-prime and adjustable rate mortgages to stay in their homes and to help stabilize the lives of hard-hit Americans, their neighborhoods and their jobs. All the while, the macro players and big firms and their stakeholders are bailed out.
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A good read.