Posted by
Steve on Friday, January 16, 2009 8:20:58 AM
Last night, President Bush gave his final talk as President. He basically thanked people and looked forward to the future. In his opinion, the history has been written and it is up to the historians to write it correctly.
A lot of good things happened under George W. Bush and some bad things happened under George W. Bush. First, the bad things: the economy tanked at exactly the wrong time. For the economy to go into a recession is a bad thing at any time, but the timing on this one could not have been worse because President Bush couldn’t do much to fix it. He had to try draconian measures that were basically Democrat in design to try and deflect the effects of the recession. So far, nothing has worked because they are the wrong fixes for the problem. What caused the problem? Democrats and reporters blame the recession on too little regulation of the markets and the economy. The real problem was too much regulation of the markets and the economy. A truly free economy will have its ups and downs, but the ups are higher and the downs are smaller than the regulated economy that we have now. The problem with a truly free economy is that the people involved have to be aware that people might try and take advantage. That is happening under regulation, but people believe the regulators are catching the people trying to fool them. That allows crooks like Bernie Madoff to run up huge paydays until he gets caught. Under a truly free economy, Bernie Madoff would have been detected sooner.
Second, spending got out of control. President Bush never said that he would veto a spending bill and he never did. That was a mistake. He should have stood firm against Democrat excesses. But, he allowed the Democrats and some Republicans to run away with spending. That cost the Republicans the House and Senate in 2006 and 2008.
Third, is related to the second but it is the increase in Medicare with adding prescription drugs. There was not a call to add this benefit, but he added it anyway. Now, we are stuck with the bill because it will never be repealed.
Now for the good things, first up is the handling of 9/11. On that day and the days that followed, President Bush was the best President that anyone could ever want. He was strong and brave. The only flaw was allowing his handlers to delay his return to Washington. He should have insisted on returning to Washington sooner. It would have made him look even better.
Second is how President Bush has handled the subsequent war against Islamo Fascism. President Bush decided that the best defense is a good offense, so he took the fight to the terrorists. By doing that, he kept the terrorists from having the time or ability to strike the United States again. On 9/11 everyone expected the US to be hit again. It is now over 7 years later and we are still free from terrorist strikes within the US. That is a remarkable achievement.
Third, is his handling of the economy in general, specifically in getting tax cuts through Congress. The tax cuts were the corner stone of his economic boom for most of the 8 years he was in office. Unfortunately for President Bush, he will be remembered for the economy that tanked at the end of his administration, not for the economy that boomed for the 7 years before that. It can be argued and is probably true that Senator Schumer from New York is primarily responsible for the economy tanking just prior to the election. Senator Schumer set in motion a series of events that culminated in the economy entering a recession.
Overall, President Bush will be seen as a good President. He, like all Presidents, is not perfect. He made mistakes. But, overall he did most things right. His most important job, he did perfectly and that is remarkable. History will judge President Bush much like history has judged President Truman. The people with Bush derangement syndrome will have to get over it before that can happen, however.