“It’s not just Wall Street,” said the New York Post in an editorial. President Bush’s warning that “our whole economy is in danger” was just the slap in the face that Congress needed. If Washington doesn’t set aside its differences and pass a responsible version of the $700 billion financial rescue plan, we’re all in trouble.
If only Bush had something to offer beyond "fear itself," said The New York Times. His words would carry more weight if he spoke hard truths about how a "shocking" lack of oversight contributed to the meltdown, or the fact that the nation can’t afford more tax cuts for the wealthy. Instead, his televised speech on the crisis was “just another reminder of something that has been worrying us throughout this crisis: the absence of any real national leadership.”
There’s a good reason why Bush has taken a back seat in this crisis, said David Broder in The Washington Post. His second term in office has “so depleted Bush’s personal credibility that he is crippled as a national leader.” Besides, the point men on the financial crisis, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, are the ones with the expertise.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- This is what happens when Republicans actually enact their radical agenda
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The Obama administration's nonstop incoherence on ISIS
- 43 TV shows to watch in 2014
- 6 things the happiest families all have in common
- How I dug myself out of debt — and stayed that way
- Why so many Christians won't back down on gay marriage
- 6 super-helpful iOS8 tricks you probably don't know about
- The science of sex: 4 harsh truths about dating and mating
- Russia is stealthily threatening America with nuclear war
Subscribe to the Week