THE ONLY FOLKS WHO DESERVE NO CREDIT...:

Time to Thank Obama…and Bush (Mark McKinnon, 8/08/09, Daily Beast)

We’ve become so accustomed as a political culture to looking at, and creating, crises ahead, that we’ve become incapable of acknowledging or appreciating crises averted.

Our memories are so short. But remember when experts were predicting a Dow of 4000? Remember that nauseous feeling you had as you watched your IRA and mutual funds collapse overnight? Remember thinking that your life as you knew it might be over? Really over. I’m not a doom-and-gloom guy generally, and I’m no economic expert, but I remember thinking we were damn close to an absolute meltdown, the kind of chaos where people disappear into basements with canned goods and guns, and a world populated by mad scavengers, with every man, woman, and child for themselves.

Given this latest news, shouldn’t we be giving our presidents—yes plural, Obama and Bush and their economic teams (putting aside debate about the causes of the crisis, Bush Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke made some of the early and toughest policy decisions)—some credit for saving our [***]es from oblivion?

...are the House Republicans.

Posted by Orrin Judd at August 9, 2009 7:32 AM