October 21, 2008
F is for Failure: The Bush Doctrine in Ruins
By Tom Engelhardt
On the brief occasions when the President now appears in the Rose Garden to “comfort” or “reassure” a shock-and-awed nation, you can almost hear those legions of ducks quacking lamely in the background. Once upon a time, George W. Bush, along with his top officials and advisors, hoped to preside over a global Pax Americana and a domestic Pax Republicana — a legacy for the generations. More recently, their highest hope seems to have been to slip out of town in January before the you-know-what hits the fan. No such luck.
Of course, what they feared most was that the you-know-what would hit in Iraq, and so put their efforts into sweeping that disaster out of sight. Once again, however, as in September 2001 and August 2005, they were caught predictably flatfooted by a domestic disaster. In this case, they were ambushed by an insurgent stock market heading into chaos, killer squads of credit default swaps, and a hurricane of financial collapse.