Cartoon by Eric Allie of the Pioneer Press and CNS News
Since the campaign for the Presidency began, we have heard the Democrats decry that the recession was the fault of GOP economic policies of the Bush Administration. When that wasn’t sufficient, they made equally hollow references towards Reaganomics or “Trickle Down Economics”.
None of these arguments are ever accompanied by any specifics related to factual connections or evidence. They refer to deregulation, but if it was deregulation, what specific deregulation did the Bush Administration impose that caused it? If it was a Bush policy, lay out the specific policy. And if it was caused by Reaganomics, explain the link exactly. Of course, the liberals cannot.
Such are politics. If things are going well, it is your doing. If they aren’t, pin the blame on the other side, even if the fault rests clearly on your shoulders.
The financial crisis we now face and that has led to this difficult recession is multifaceted. It is not so simple that any intelligent person could believe that the blame lies with any single individual, administration or even political party. While numerous factors contributed to the economic problems we face, the smoking gun was fired decades ago and is easily traced, and it began long before Bush first graced the Oval Office after defeating the planet-warming Al Gore.
Many mistakes were made along the way from the day the gun was fired, and Dick Cheney, in this interview, clearly points out one of the key reasons this crisis was not averted. The liberals do not like to hear it, but it is clearly called out in this article as well. Watching Dick’s calm demeanor and presentation of the facts is enlightening even though most liberals do not have the courage to actually watch the video.
At the start of the interview, Larry Summers, one of the Presidents top economic advisers humiliates himself and embarrasses Obama talking in hyperbole without saying anything definitive at all regarding the crisis, and such is the liberal argument. Hollow rhetoric and blame rather than solutions and action. They talk in circles, because they either have no clue what led to the problem or they don’t want the American people to know the real truth.
Cheney’s response is right on. He gives Larry Summers and the liberals a history lesson.