Wednesday, February 18, 2009

The bailout is Obama's Iraq

When Bush began his push for war in Iraq it was obvious that this big. If things didn't work out quite right, if Bush was wrong about everything, it would surely be the end of Bush. You don't just start a war. You don't just invade another country. The country was reeling from a terrorist attack and this seemingly uninvolved country was Bush's answer. If he was wrong how could anyone forgive his mistake? It took a while but Iraq turned out to be a huge mistake. I wasn't around during the Vietnam era, but it is probably on that scale. Bush left office with a big middle-finger from the USA by electing a president who campaigned on the idea that he would rule exactly the opposite of Bush and won handily. Iraq was Bush's gamble. The size of it mean that it would make or break his legacy. He would go out a hero or an ass-hat.
Today our country is struggling in the midst of an equal crisis. Our whole financial system is threatening to collapse leaving us vulnerable for China or Russia to take over as the world super power. Talk of another great depression seems plausible. Obama's answer to this crisis is a nearly $800 billion bailout. That number is insane. Super insane. Attacking a non-threatening sovereign nation insane. If this bailout does not work then Obama will also leave the White House with his tail between his legs. He will probably defend it to the end of time not matter how asinine that assertion may seem in retrospect. Progressive and liberal thought will seem passé.