Flood of Bush Memoirs May Trip Up GOP

Ex-Prez Bush says bailout his idea, and a good one

(NEWSER) - Three years ago, Mitt Romney wrote that President Obama should " Let Detroit Go Bankrupt ," instead of bailing out the struggling auto industry, in a famous New York Times column. And today? Even with the American auto industry on the rebound, Michigan's GOP primary looming on Feb. 28, and Rick Santorum breathing down his neck in the polls , Romney still thinks bankruptcy would have been better than the president's "crony capitalism," he writes in the Detroit News . "I believe that without his intervention things there would be better," he writes. More»

Chrysler ad a political football

(NEWSER) - God bless America ... and the Chrysler bailout ... seemed to be the message that left football fans misty-eyed after Clint Eastwood's Super Bowl Chrysler ad. It's "halftime" in America, and we're all pulling together for a brighter economic future, says the gravelly-voiced star. But Eastwood was opposed to the bailout that made the Chrysler turnaround possible, and now the ad has become a political football as Dems score points with it and the GOP tackles it, notes ABC News . “Saving the American Auto Industry: Something Eminem and Clint Eastwood can agree on," crowed White House spokesman Dan Pfeiffer on Twitter, referring to Eminem’s Chrysler ad during last year's Super Bowl. "Powerful spot," chimed in Obama re-election strategist David Axelrod. But George Bush's political maven Karl Rove snapped that he was "offended" by the ad, which he argued was orchestrated by the administration to paint a rosy future. More»

Ezra Klein crunches the numbers and comes up with a lower total than you think

(NEWSER) - Mitt Romney has taken to carrying around a debt clock, blaming President Obama for the ever-climbing number it shows. But the clock doesn't show how much Obama has actually added to that debt, so Ezra Klein set out to find out. "There are two answers," he writes in the Washington Post . The first, which is "simple and wrong" is $4.7 trillion. That's what you get when you subtract the debt when Obama took office (about $10.5 trillion) from the current debt (about $15.2 trillion). More»

Michael Hayden says it would have backfired then, and would now, too

(NEWSER) - George W. Bush's administration pondered an attack on Iran's nuclear facilities and ultimately rejected it, says former CIA and NSA chief Gen. Michael Hayden. He and others concluded that an attack on Iran's nuke factories "would guarantee that which we are trying to prevent—an Iran that will spare nothing to build a nuclear weapon and that would build it in secret," Hayden said, according to Foreign Policy . The same rationale holds true today, he warned: Go with diplomacy and back channels or risk pushing Tehran into speeding things up. More»

Editorials largely take the president to task

(NEWSER) - Barack Obama's decision to reject TransCanada's Keystone XL oil pipeline has set a lot of tongues wagging, with some of the biggest papers in the country devoting today's editorials to it. Here's what they're saying:

• "We almost hope this was a political call," says the Washington Post , "because on substance, there should be no question." Without the pipeline, TransCanada will sell to China, and US refineries will import from the Middle East—resulting in a lot more oil crossing the ocean in tankers.