I had a conversation Saturday with a couple of liberal friends -- not journalists -- and came away with little more than rote recitation of false liberal talking points.
Among the arguments made was that the housing crisis that snowballed into a financial crisis which avalanched into a severe recession turning into a depression was all George W. Bush's fault. That Bush had attempted to pass legislation that might have prevented, or at least lessened, the bad loans Fannie Mae and Freddie Mac were buying up was false. Not even an appeal to liberal authority -- The New York Times -- was sufficient proof. I told them that Bush had been stymied by Democrats and some Republicans, but no, that wasn't possible, never happened, won't hear of it.
You see, according to them, Bush had nothing less than a total dictatorship for the past eight years.
I mentioned that the Republican Study Committee had suggested that people be allowed in 2009 only to take money out of their 401(k) without taxes or penalty might help kickstart the economy. At the very least, that money might be enough to tide some people through until the economy picks up again. No, that wasn't a good idea, because people might take that money and blow it on a Mercedes or a BMW.
But no, they insisted, this was a bad idea. Because some people might very well blow that money, no one could be allowed to get at what was, after all, their own money. This same individual refused to give me his wallet when I noted: Yes, the money inside it was his, but maybe he couldn't be trusted with it.
There are people in the middle that understand there were a lot of different bad actors who got us into this financial mess. Bush isn't blameless, but he doesn't shoulder all the responsibility either. But the left will continue to hold tight to their bogeyman. You can bet in two and four years if we're still wallowing in this depression that they'll still blame Bush. I suspect that Obama will never own any problem he doesn't want to own. He can blame Bush and his base will buy it.