By Robert Parry - George W. Bush’s gift to the American Republic may be that he has discredited a host of right-wing theories and practices – “trickle-down economics”; “self-regulating markets”; “tough-guy” foreign policy; the “imperial presidency”; and the notion that “government is the problem.”
As the United States gazes out on the wreckage of the past eight years – a $1.2 trillion (and growing) budget deficit, 7.2 percent (and rising) unemployment, two open-ended wars, a sullied U.S. image abroad, environmental degradation and a world that seems to be ripping apart – the hope must be that Bush has so tarnished these policies, which trace back to Richard Nixon and Ronald Reagan, that they will never be tried again.
If that is the lesson that the United States learns, then Barack Obama’s election truly could mark the end of an era and the start of something very different. However, if Obama and the Democrats fail to drive these lessons home – if they let bygones be bygones – they are courting a huge risk in that the same behavior could reemerge and the misjudgments could reoccur.
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Robert Parry broke many of the Iran-Contra stories in the 1980s for the Associated Press and Newsweek. His latest book, Neck Deep: The Disastrous Presidency of George W. Bush, was written with two of his sons, Sam and Nat, and can be ordered at neckdeepbook.com. His two previous books, Secrecy & Privilege: The Rise of the Bush Dynasty from Watergate to Iraq and Lost History: Contras, Cocaine, the Press & 'Project Truth' are also available there. Or go to Amazon.com.