There’s no doubt in my mind that historians will rank George W. Bush at the absolute bottom of the presidential barrel. Forget Iraq, Hurricane Katrina and Gitmo, W is going to go down in history right alongside Herbert W. Hoover for his shortsighted, hands-off mismanagement of the current financial crisis.
Like Mr. Hoover, who presided during the go-go years of the Roaring ’20s, W did little to build his image or reputation as the economy boomed in the early years of this century. And, like Hoover who did nothing to build his image and reputation during the “good times,” W had no equity to draw upon when things began spiraling out of control. In fact, W had so alienated America with his iconoclastic, “let ‘future historians’ decide if I was right or wrong” mentality that nobody listened to him when the market began to tank.
Like Hoover, Bush appears to be little more than the proverbial deer caught in the headlights. Like Hoover, he’s really not suggesting any immediate remedies. And, like Hoover, W doesn’t possess the gravitas to calm our fears.
While W is clearly another Hoover, it’s also abundantly clear that there’s no FDR on the horizon. And, that my friends, is the real dilemma.