The Sky Is Falling, The Sky Is Falling
New York Times columnist Paul Krugman writes about the housing bubble, and the fact that it is bursting as we speak. He makes some interesting points, and he may be correct... or not. I just wanted to highlight his shot at the economy in general in the second to last paragraph:|
[...]You know, the economy that's going great, no thanks to Mr. Bush? Lowered taxes, decreasing deficit, higher than anticipated job growth, lower unemployment, yada, yada, yada. Well, I have a comment for Mr. Krugman...
It's the economy, stupid!Then Sebastian Mallaby makes a case that it's all luck, that some fortuitous serendipity follows W around like a lost puppy.
WHEN IT COMES to economic policy, George W. Bush has all the luck. He's like a drunk who wanders across a six-lane highway and somehow never quite gets smushed.This has got to be infuriating. That six-lane highway is populated by a large majority of Mainstream Media, a large minority of the U.S. Senate and the U.S. House of Representatives, most of Hollywood, and various and sundry character assassins, all gunning their engines and spinning their wheels for yet another shot at the President.
Even the suicidal Helen Thomas, anxiously glancing over her shoulder looking for any indication that Dick Cheney is going to announce a run for the presidency, takes time to whine and cry over W's attitude (and the John Bolton appointment as United Nations Ambassador!):
[...]So, would you rather be good, or lucky? George W. seemingly is both.