This video is making the rounds in Marine Corps circles.

2:28 video

Hat tip to Rich Duff.

Sent to my class list this morning in response to the contention that “government had to step in” because capitalism failed, because businessmen “made such a mess.”

Government created a credit crisis by arm-twisting lenders to make uncreditworthy loans while supplying securitization of the same. Government (at more than one level) additionally laid the groundwork for a housing bubble by forcing prices upward by making 30 year financing of home loans universal and easy to obtain and by creating regulatory environments that made building extremely expensive and nearly impossible in some of the housing markets featuring the greatest demand. Government lent people money to fuel bidding wars, while doing everything it could to keep new housing in short supply.

George W. Bush’s administration pursued simple-minded conventional policies attempting to placate the economy with characteristic timidity and inconsistency. Obama has taken the housing-bust induced recession as an excuse to throw funding at every democrat party special interest and constituency and to justify a power grab socializing large segments of the economy. Bush did not succeed in calming economic turmoil largely because he could not persuade the markets that he had not already lost the next election to a democrat party radical. Obama has, in a very short time in office, demonstrated that he isn’t simply a bloviating and benign big city machine crook, but is rather an extreme radical leftwing ideologue philosophically committed to every form of economic destruction. The economy is cratering as a result.

George W. Bush confronting the bureaucracies

In the National Interest, Richard Perle describes the fatal disconnect between George W. Bush’s professed policies and the entrenched State Department and National Security bureaucracies’ failure to implement them. Not only were Bush’s policies not faithfully pursued, in many cases, they were openly attacked and covertly undermined by leaks and disinformation operations.

Perle additionally debunks the left’s favorite bogey: the sinister imperialist “neocon” conpiracy. In recent years, neocon came to be used as a leftwing pejorative for someone supposedly guilty of responsibility for a new, more virulent and objectionable form of conservatism, inclined to unilateral militarism overseas and supportive of hypersecurity measures at homes. The left entirely managed to forget that a neocon is really a (typically Jewish intellectual) former liberal who has been “mugged by reality” and become a foreign policy and law enforcement hawk in response to the excesses of the radical left post the late 1960s. Dick Cheney, who has always been a conservative, for instance, cannot possibly be classified as a neocon.

For eight years George W. Bush pulled the levers of government—sometimes frantically—never realizing that they were disconnected from the machinery and the exertion was largely futile. As a result, the foreign and security policies declared by the president in speeches, in public and private meetings, in backgrounders and memoranda often had little or no effect on the activities of the sprawling bureaucracies charged with carrying out the president’s policies. They didn’t need his directives: they had their own. …

The responsibility for an ill-advised occupation and an inadequate regional strategy ultimately lies with President Bush himself. He failed to oversee the post-Saddam strategy, intervening only sporadically when things had deteriorated to the point where confidence in cabinet-level management could no longer be sustained. He did finally assert presidential authority when he rejected the defeatist advice of the Baker-Hamilton commission and Condi Rice’s State Department, ordering instead the “surge,” a decision that he surely hopes will eclipse the dismal period from 2004 to January 2007. But that is but one victory for the White House among many failures at Langley, at the Pentagon and in Foggy Bottom. …

Understanding Bush’s foreign and defense policy requires clarity about its origins and the thinking behind the administration’s key decisions. That means rejecting the false claim that the decision to remove Saddam, and Bush policies generally, were made or significantly influenced by a few neoconservative “ideologues” who are most often described as having hidden their agenda of imperial ambition or the imposition of democracy by force or the promotion of Israeli interests at the expense of American ones or the reshaping of the Middle East for oil—or all of the above. Despite its seemingly endless repetition by politicians, academics, journalists and bloggers, that is not a serious argument. …

I believe that Bush went to war for the reasons—and only the reasons—he gave at the time: because he believed Saddam Hussein posed a threat to the United States that was far greater than the likely cost of removing him from power. …

[T]he salient issue was not whether Saddam had stockpiles of WMD but whether he could produce them and place them in the hands of terrorists. The administration’s appalling inability to explain that this is what it was thinking and doing allowed the unearthing of stockpiles to become the test of whether it had correctly assessed the risk that Saddam might provide WMD to terrorists. When none were found, the administration appeared to have failed the test even though considerable evidence of Saddam’s capability to produce WMD was found in postwar inspections by the Iraq Survey Group chaired by Charles Duelfer.

I am not alone in having been asked, “If you knew that Saddam did not have WMD, would you still have supported invading Iraq?” But what appears to some to be a “gotcha” question actually misses the point. The decision to remove Saddam stands or falls on one’s judgment at the time the decision was made, and with the information then available, about how to manage the risk that he would facilitate a catastrophic attack on the United States. To say the decision to remove him was mistaken because stockpiles of WMD were never found is akin to saying that it was a mistake to buy fire insurance last year because your house didn’t burn down or health insurance because you didn’t become ill. …

I believe the cost of removing Saddam and achieving a stable future for Iraq has turned out to be very much higher than it should have been, and certainly higher than it was reasonable to expect.

But about the many mistakes made in Iraq, one thing is certain: they had nothing to do with ideology. They did not draw inspiration from or reflect neoconservative ideas and they were not the product of philosophical or ideological influences outside the government. …

If ever there were a security policy that lacked philosophical underpinnings, it was that of the Bush administration. Whenever the president attempted to lay out a philosophy, as in his argument for encouraging the freedom of expression and dissent that might advance democratic institutions abroad, it was throttled in its infancy by opponents within and outside the administration.

I believe Bush ultimately failed to grasp the demands of the American presidency. He saw himself (MBA that he was) as a chief executive whose job was to give broad direction that would then be automatically translated into specific policies and faithfully implemented by the departments of the executive branch. I doubt that such an approach could be made to work. But without a team that shared his ideas and a determination to see them realized, there was no chance he could succeed. His carefully drafted, often eloquent speeches, intended as marching orders, were seldom developed into concrete policies. And when his ideas ran counter to the conventional wisdom of the executive departments, as they often did, debilitating compromise was the result: the president spoke the words and the departments pronounced the policies.

Read the whole thing.

Scott S. Powell, writing in Barron’s, exonerates George W. Bush for the mortgage crisis and blames instead a long-term trend featuring the intrusion of politics into the US economy.

Well, electing Obama will certainly fix that, won’t it?

The Bush administration made many mistakes, but deregulation was not one of them.

Not only was there no major deregulation passed during the past eight years, but the Bush administration and a Republican Congress approved the most sweeping financial-market regulation in decades.

The bipartisan Sarbanes-Oxley Act was enacted in 2002 to prevent corporate fraud and restore investor confidence after the collapse of Enron and WorldCom. It failed to prevent the accounting fraud and influence-peddling scandals at Fannie Mae and Freddie Mac. And even after those scandals were widely understood, regulators sent Fannie and Freddie back into the market to continue buying subprime loans, lending and borrowing with implied taxpayer backing.

Across the government, the Bush administration supported new regulations that added almost 1,000 pages a year to the Federal Register, nearly a record. If this is insufficient regulation, it’s hard to imagine a scope that would be effective.

We are in this mess largely because critical thought and moral judgment have been subordinated to the politicization of our economy, resulting in regulatory gaps and excessive controls of the wrong kind.

Government regulations should be limited to those that increase and protect transparency and competition, protect public and private property, promote individual responsibility and enforce equal opportunity under the law. Even if the right laws and regulations could be found, they would prove insufficient to protect freedom and prosperity.

In his farewell address, George Washington said that religion and morality are essential to sustain democracy in America. He might well have added that virtue is just as indispensable to its economy. When the captains of banking and finance and their congressional overseers fail in moral judgment, the results are disastrous for everyone. As we are now witnessing in the real-estate, stock- and bond-market dislocations, once trust is lost, markets freeze and long-standing relationships break down, resulting in illiquidity, irrational pricing and severe losses.

Today’s problems have their roots in programs and financial instruments that shifted the locus of moral responsibility away from private individuals and institutions to wider circles that were understood to end with a government guarantee. Heads of the top banks and financial institutions could approve substandard home-mortgage underwriting — prone to increased default — because those loans could be securitized by Wall Street and sold off to investors or to government-sponsored enterprises (GSEs), with no likely recourse to the financial institution of origin.

Our present crisis began in the 1970s, during the Carter administration, with passage of the Community Reinvestment Act to stem bank redlining and liberalize lending in order to extend home ownership in lower-income communities. Then in the 1990s, the Department of Housing and Urban Development took a fateful step by getting the GSEs to accept subprime mortgages. With Fannie and Freddie easing credit requirements on loans they would purchase from lenders, banks could greatly increase lending to borrowers unqualified for conventional loans. In the name of extending affordable housing, this broadened the acceptability of risky loans throughout the financial system.

The risk lurking in the GSE portfolios was acknowledged in the Bush administration’s first fiscal-year budget, released in April 2001. It stated that Fannie and Freddie were “a potential problem” because “financial trouble of a large GSE could cause strong repercussions in the financial markets, affecting federally insured entities and economic activity.” Fed Chairman Alan Greenspan issued repeated warnings that the GSEs “placed the total financial system of the future at substantial risk.” Such warnings went unheeded even after accounting scandals rocked Fannie and Freddie.

The collapse and government seizure of Fannie and Freddie in September 2008 ended the experiment in partial socialization of the U.S. housing sector. Before we try complete concentration of federal financial power, we should understand that power and political corruption abrogated moral judgment on every level.

The poor and middle class were encouraged to live beyond their means and buy houses they couldn’t afford; speculators were lured into excessive risk-taking; banks were rewarded for lowering their loan standards; and Wall Street found new windfall profits from securitizing and reselling bad loans in bulk. With the support of regulators, credit-rating agencies provided cover for the whole charade.

There is plenty of blame to go around on both sides of the political aisle. But the lesson should be clear that socializing failed businesses — whether in housing, health care or in Detroit — is not a long-term solution. Expanding government’s intrusion into the private sector doesn’t come without great risk. The renewing and self-correcting nature of the private sector is largely lost in the public sector, where accountability is impaired by obfuscation of responsibility, and where special interests benefit even when the public good is ill-served.

Two presidents have a problem looking for a door. Warner Todd Huston illustrates just how differently these kind of minor contretemps can be reported.

Ben Stein voices outrage at the feckless irresponsibility of Congress and the newly-hatched Obama administration.

The new kind of politics of hope. Eight hours of debate in the HR to pass a bill spending $820 billion, or roughly $102 billion per hour of debate.

Only ten per cent of the “stimulus” to be spent on 2009.

Close to half goes to entities that sponsor or employ or both members of the Service Employees International Union, federal, state, and municipal employee unions, or other Democrat-controlled unions.

This bill is sent to Congress after Obama has been in office for seven days. It is 680 pages long. According to my calculations, not one member of Congress read the entire bill before this vote. Obviously, it would have been impossible, given his schedule, for President Obama to have read the entire bill.

For the amount spent we could have given every unemployed person in the United States roughly $75,000.

We could give every person who had lost a job and is now passing through long-term unemployment of six months or longer roughly $300,000.

There has been pork barrel politics since there has been politics. The scale of this pork is beyond what had ever been imagined before — and no one can be sure it will actually do much stimulation.

How do you improve the economy? You restore confidence by reducing taxes and government expenditure and by adopting policies calculated to assure a sound currency.

Under Bush, and far more under Obama already, even in his first week in office, the policy of the US Government has been to throw money out the window, assuring higher taxes, significant inflation sooner or later, and demolishing confidence. The only difference between the administrations is that the Bush administration gave federal money to the financial industry, and Obama is giving away a lot more money, primarily as a democrat dream-fulfilling shopping spree.

George W. Bush’s failure to pardon Lewis Libby, I think, makes it clear why he never asserted his authority and passively allowed the entrenched bureaucratic left to criminalize policy differences in order undermine his policies and destroy his public support.

George W. Bush really was at heart, a liberal statist who believes implicitly in the validity of governmental processes and in the judgements delivered by government institutions. He does not look beyond the form and process to see the partisan human beings working the levers and putting their thumbs on the scales of justice.

If officials of the CIA said disclosing Valerie Plame’s employment was a federal crime, it didn’t matter to Bush that their interpretation was a stretch motivated by partisan malice. Those CIA adversaries were officials of the government. What they said was the law was the law.

No wonder he appointed James Comey Deputy Attorney General.

A sophisticated conservative would never have promoted the official who threw Martha Stewart into jail on supposititious insider trading charges. The conservative would be skeptical of the merits of insider trading prosecutions to begin with, remembering that the pre-FDR-packed Supreme Court threw out those laws back when the Constitution still mattered. The conservative, beyond that, would take a dim view of celebrity prosecutions featuring strained efforts at landing a big fish played in the glow of the media spotlight.

George W. Bush was clearly never all that sophisticated nor all that conservative. If some partisan official, an ambitious prosecutor, and a leftwing urban jury filled with unemployed hippies and welfare moms says that Libby was guilty, why, he must have been guilty.

It’s a wonder Bush wasn’t willing to believe what the editorial pages of the New York Times and the Washington Post said about himself.

Bush brought the Republican Party into public disrepute and electoral disaster because he did not effectively answer his opponents’ attacks. His passivity, it is apparent, was not some kind of mistake. It was grounded in an implicit acceptance of the authority of his adversaries in government and in his willingness to allow himself and his administration to be gamed.

The contrast with Bill Clinton’s cynical and self-regarding use of the presidential pardon power could not be more remarkable. Clinton was a crook and a clever and successful one. George W. Bush is obviously a scrupulously honest man, but albeit a fool.

J.R. Dunn puts the Bush presidency into historical perspective.

It can be stated without fear of serious argument that no previous president has been treated as brutally, viciously, and unfairly as George W. Bush.

Bush 43 endured a deliberate and planned assault on everything he stood for, everything he was involved in, everything he tried to accomplish. Those who worked with him suffered nearly as much (and some even more — at least one, Scooter Libby, was convicted on utterly specious charges in what amounts to a show trial).

His detractors were willing to risk the country’s safety, its economic health, and the very balance of the democratic system of government in order to get at him. They were out to bring him down at all costs, or at the very least destroy his personal and presidential reputation. At this they have been half successful, at a high price for the country and its government.

Although everyone insists on doing so, it is impossible to judge Bush, his achievements, or his failings, without taking these attacks into account. …

[T]he New York Times, which on its downhill road to becoming a weekly shopper giveaway for the Upper West Side, seriously jeopardized national security in the process of satisfying its anti-Bush compulsion. Telecommunications intercepts, interrogation techniques, transport of terrorist captives, tracking of terrorist finances… scarcely a single security program aimed at Jihadi activity went unrevealed by the Times and — not to limit the blame — was then broadcast worldwide by the legacy media. At one point, Times reporters published a detailed analysis of government methods of searching out rogue atomic weapons, a story that was no doubt read with interest at points north of Lahore, and one that we may all end up paying for years down the line. The fact that Bush was able to curtail any further attacks while the media as a whole was working to undermine his efforts is little less than miraculous.

Read the whole thing.

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Hat tip to Bird Dog.

Is it an epidemic? an earthquake? a fire? a flood? No, it’s Barack Obama’s inauguration.

Mark Steyn observes:

The proposition that a new federal administration is itself a federal emergency is almost too perfect an emblem of American government in the 21st century.

Richard Perle evaluates the Bush record in foreign policy (to the limited degree that Bush was allowed by the federal bureaucracy to have a say in the matter) and attacks the left’s false narrative of the reasons for bringing about regime change in Iraq.

[T]he salient issue was not whether Saddam had stockpiles of WMD but whether he could produce them and place them in the hands of terrorists. The administration’s appalling inability to explain that this is what it was thinking and doing allowed the unearthing of stockpiles to become the test of whether it had correctly assessed the risk that Saddam might provide WMD to terrorists. When none were found, the administration appeared to have failed the test even though considerable evidence of Saddam’s capability to produce WMD was found in postwar inspections by the Iraq Survey Group chaired by Charles Duelfer.

I am not alone in having been asked, “If you knew that Saddam did not have WMD, would you still have supported invading Iraq?” But what appears to some to be a “gotcha” question actually misses the point. The decision to remove Saddam stands or falls on one’s judgment at the time the decision was made, and with the information then available, about how to manage the risk that he would facilitate a catastrophic attack on the United States. To say the decision to remove him was mistaken because stockpiles of WMD were never found is akin to saying that it was a mistake to buy fire insurance last year because your house didn’t burn down or health insurance because you didn’t become ill. No one would take seriously the question, “Would you have bought Enron stock if you had known it would go down?” and no one should take seriously the facile conclusion that invading Iraq was mistaken because we now know Saddam did not possess stockpiles of WMD.

Bush might have decided differently: that the safer course was to leave Saddam in place and hope he would not cause or enable the use of WMD against the United States. How would we now assess his presidency if, say, Iraqi anthrax had later been used to kill thousands of Americans? He would have been accused—rightly in my view—of having taken a foolish risk by not acting against a regime we had good reason to consider extremely dangerous. (And no one would be so stupid as to ask: Would you have left Saddam in place if you had known he was going to supply anthrax to terrorists?)

Read the whole thing.

left:Ali al-Kurdi, Right: Mohammed el-Qahtani in Yemen jail

Susan J. Crawford, the convening authority for military commissions, Bob Woodward gleefully reports, has announced that she is unwilling to try Mohammed el-Qahtani (the intended 20th 9/11 hijacker who missed his flight) because interrogation techniques applied to him, including “sustained isolation, sleep deprivation, nudity and prolonged exposure to cold” impaired the poor chap’s health and thus amounted to torture.

Crawford . . . .said the combination of the interrogation techniques, their duration and the impact on Qahtani’s health led to her conclusion. “The techniques they used were all authorized, but the manner in which they applied them was overly aggressive and too persistent. . . . You think of torture, you think of some horrendous physical act done to an individual. This was not any one particular act; this was just a combination of things that had a medical impact on him, that hurt his health. It was abusive and uncalled for. And coercive. Clearly coercive. It was that medical impact that pushed me over the edge” to call it torture, she said.

MacRanger is unsympathetic.

He says, if discomfort, embarrassment, and water poured on your face are torture, he was tortured himself.

Sustained isolation, sleep deprivation, nudity and prolonged exposure to cold I experienced in basic training. Waterboarding I experienced later during escape and invading training.

Here we have a Bush Administration official, with a long record of working for Dick Cheney, by the way, inhibited from prosecuting a principal participant in the worst attack on the United States in history costing the lives of 3000 innocent civilians
because she is willing to regard discomforts used in interrogation essentially identical to stresses endured by US military personnel in training as “torture.” Once Crawford is gone and some Obama appointee is in her place, we’ll have hairy Pathan mass murderers released because some corporal crushed their spirits with a cutting remark.

All this demonstrates that the Bush Administration approach of military commissions operating at Defense Department level in the full view of the domestic media and the humanitarian bien pensant left was always insane. The correct procedure was always minimum formality and drumhead courts martial for illegal combatants and captured terrorists under the immediate local US military authority followed by speedy dispatch to the Muslim Paradise at rope’s end.

It was never really demonstrated that any crime had ever been committed by anyone, and Prosecutor Patrick Fitzgerald already knew that it was Richard Armitage who told Robert Novak about Valerie Plame when he indicted Lewis Libby on the basis of his account of conversations a few years back differing from those of his interlocutors.

Clarice Feldman, who did a superb job of covering the Plamegame scandal at American Thinker, calls on President Bush to pardon Lewis Libby before leaving office.

She’s right, and I think he will.