SocraticGadfly: The economic crack-up WAS bipartisan

February 25, 2009

The economic crack-up WAS bipartisan

In vetting the claims in President Obama’s State of the Union address, the Washington Post takes him to the fact-checking woodshed on a couple of issues.

One of them was his subtle, or not-so-subtle dig at the GOP, attempting to lay all the blame for the current economic situation at its feet.

Guess B.O. didn’t want to throw the name of his own “economic czar,” Larry Summers, into that mix now, did he?

The Larry Summers who, as Bill Clinton’s Treasury Secretary, pushed so hard for financial dereg in general? Or the folks like Sen.-Banking, Chris Dodd, or Sen-MBNA, now Veep-Stanford Investments, Joe Biden, who were okey-dokey with loosening the reins of federal regulatory oversight, right?

I’ve said in the past and will say again, my rule-of-thumb blame-assigning on this issue is 2/3 Republican, 1/3 Democratic.

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