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Good Riddance to a Squandered Decade

Future renewal depends on consensus about 2000s

By Jane Yager,  Newser Staff

Posted Dec 31, 2009 8:17 AM CST

(Newser) – The 2000s will join the ranks of decades like the '30s, '60s, and '80s, periods that "shape the country's political life for generations by leaving behind an era to embrace or, at least as often, to scorn," EJ Dionne writes in the Washington Post. As for this "reckless and squandered" decade, it will leave its mark as the time when the US "badly lost its way by using our military power carelessly, misunderstanding the real challenges to our long-term security, and pursuing domestic policies that constrained our options for the future while needlessly threatening our prosperity."

Dionne hopes for renewal in the coming decade, but cautions that this renewal hinges on President Obama's ability to reckon with the messes he inherited—and our ability to reach consensus about the disastrous 2000s. Conservatives have defended their policies "in the name of rolling back 'the excesses of the '60s,'" while liberals point to that era as a time of "unparalleled social advance," he writes. To turn around the next decade, "we have no choice but to reach a settlement about the meaning of the last 10 years."

President Bush pets May, the National Thanksgiving Turkey, as he pardons the bird during a ceremony in the Rose Garden of the White House in Washington, Tuesday, Nov. 20, 2007.
President Bush pets May, the National Thanksgiving Turkey, as he pardons the bird during a ceremony in the Rose Garden of the White House in Washington, Tuesday, Nov. 20, 2007.   (AP Photo/Pablo Martinez Monsivais)
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COMMENTS
Showing 3 of 56 comments
tomodachi
Jan 4, 2010 3:51 AM CST
@whattha: Take a look at the charts over the last ten years for the stock market indexes. Look at what they were doing just before GWB was elected. Look at how they fell then came back in the 8 years of his presidency... and look at how they crashed AGAIN in the last 6 months of 2008, crashed from the economic destruction of GWB's horrendous cut-taxes-spend-liberally-borrow-like-there's-no-tomorrow policies. Notice how all the growth that occurred during his presidency is GONE.... more than gone. Now notice how much it's climbed back due to Obama (and the rest of the world) going deeper into debt to preserve the world's economy... to keep it from going into total meltdown. If you know ANYTHING about the stock market... you know it's forward looking... at least 3 to 6 months out. That is: the generally accepted perception of the economic health... looking forward... is directly priced into TODAY's market. The market took a huge downturn from mid 2008 to early 2009. If you were NOT thinking straight... you could say the market was pricing in the Obama Affect... expecting his administration to destroy the economy. If you were thinking like an Obama hater. You'd be blaming Obama for it. But in order to do that... you'd have to pray that sane people would have to forget 2 things: 1) The economy started to tank CLEARLY in the Bush administration, long before any democratic leader was established.... CLEARLY due to the incompetence of GWB and his unwilling to do anything about it until it threatened to "crater" while HE was still in the white house... and. 2) If the market DID crash from fear of Obama's economic policies... why has it climbed two thirds of the way back to the highest it ever was during GWB's 8 years of terror on the US taxpayer? If the market though Obama's economic policies where half as bad as the tea-baggers complained... then the market would NOT have come back AT ALL... much less 60% gains in TEN MONTHS. If you were taking money OUT of the market during the first 6 months of the last year of GWB... and putting it BACK into the market... throughout the first 6 months of the OBAMA administration... you'd be freakin rich. Facts are facts: The US stock market historically does considerably better during the democratic administrations than it does the republican's. You say he's "squandered the first year? BS! He's been playing clean-up for GWB's rape and pillage campaign on the US taxpayers. You can fault Obama for some mistakes... but the fact is, he's performed admirably at keeping GWB's mess from turning into the worst depression the US has ever seen.
sidewinder
Jan 2, 2010 6:34 AM CST
@gagaohlala...and if the rest of the countries jumped off a bridge I suppose we should too?
sidewinder
Jan 2, 2010 6:31 AM CST
CHRiSTFELD...I almost never agree with you but I have to give you credit...that was funny.
 

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