From the
'Eight years of Bush and Cheney created an insidious, pervasive rot throughout the government—a rot so severe that it prevented the government from carrying out its most basic functions and, as we have now seen, could not be easily undone by a new administration. The pro-oil, anti-regulatory culture, agenda, and ideology relentlessly advanced by Cheney and others in the Bush administration unquestionably led to the catastrophe that now threatens to destroy the environment and economy of America’s Gulf Coast—Cheney’s Katrina.'
These guys had one agenda - clear the regulatory decks to make as much money as possible.
....and here's the article that backs up that claim.
http://climateprogress.org/2010/06/09/cheney’s-culture-of-deregulation-and-corruption/
ed. note: you may need to copy/paste this link to your browser to get it up.
also,
Never thought I'd live to see the day... (David) Stockman, Reagan's OMB director, slams the Republican party in this NYT op-ed today. Lays blame for our current economic mess on 40 years of Republicanism - starting with Nixon's decision to move off the gold standard - which he was encouraged to do by none other than the high-priest of the 'free-market-as-panacea-to-everything' religion - Milton Friedman (Keith - I remember you railing about the worthlessness of our money 15 years ago).
Of course, it's also a slam at what he considers Democratic economic policy, implying that Republicans have morphed into their own enemy as deficit-deaf entitlement-drunks. But trying to unwind the problem with his medication, at this point in time, would certainly kill the patient - if you believe Krugman, Stiglitz - and of course, Keynes - who point to Hoover's devastating policy to enact fiscal discipline in the early 30's as putting the word 'great' into what might have merely been a 'severe' depression.
'...it’s a pity that the modern Republican Party offers the American people an irrelevant platform of recycled Keynesianism when the old approach — balanced budgets, sound money and financial discipline — is needed more than ever.' ...Stockman
http://www.nytimes.com/2010/08/01/opinion/01stockman.html?pagewanted=2&_r=1&ref=opinion
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