Obama Can't Blame Bush for His Economic Recklessness

President has raised taxes when business needs a break
By Nick McMaster,  Newser Staff
Posted Mar 11, 2009 3:54 PM CDT

Everyone loves a scapegoat. The American people have Wall Street fat cats, and President Obama has George W. Bush, writes David Harsanyi for the Denver Post. While Obama, "in a superbly eloquent and inspirational pitch, always reminds us that nothing is his fault," Harsanyi gripes, "nearly every initiative enacted in the first 50 days of the Obama administration has exacerbated what Bush started."

Is it too early to make that claim? Maybe, if not for the extraordinary actions the president has taken. He’s delivered a “partisan, trillion-dollar project masquerading as a stimulus bill,” Harsanyi writes, and a “deficit-busting budget.” Rather than ease the burden on business, Obama is raising $1 trillion in taxes from investors and entrepreneurs. His choices are his own, but one thing is clear: having put ideology before economics, “He owns this mess.”
(More financial crisis stories.)

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