THE PRESIDENT WHO CRIED WOLF
Topic: Executive Office of the President, Once in a Lifetime01. October 2008 Comments
The Washington Post’s Dan Eggan argues that George W. Bush’s daily warnings of economic doom and gloom if the bailout bill doesn’t become law are falling on deaf ears. In fact, Bush’s warnings have been ridiculed as they recall his hyperbolic– and false– 2002-03 assertions that Iraq could strike the U.S.
Also, Bush has lost so much credibility that he’s been rendered a secondary character in his own administration’s reaction to the financial crisis. He’s at best no. 3 behind Treasury Sec. Henry Paulson and Federal Reserve Chairman Ben Bernanke.
But! Bush’s hyperbole no longer carries the day, but it might still have influence. Eggan gives a list of dire warnings issued by the president. One is the need for a domestic spying program– which he got through Congress but three months ago. Even if the messenger is discredited, the uncomplicated, endlessly repeated message of impending catastrophe could yet resonate.-MB


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