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Friday, May 08, 2009

How Is it that the Wall Street Journal Editors Have Absolutely No Memory of the Last 8 Years?

The first thing the WSJ's friends did when they got in office eight years ago was to eat through the nation's entire supply of seed corn, stored for them by those damn liberals, the Clinton administration. When Poppa Bush handed Bill Clinton the keys to the White House he also handed him a $290 billion deficit. Eight years later, when Bill Clinton handed the keys to Sonny Bush he hande him a $231 billion budget surplus -- the greatest surplus in U.S. History. Not only did those damn Clinton liberals manage a budget surplus but were at the same time able to pay down the national debt by a staggering 2.4 trillion. Within two years the budget surpluses were gone, and the national debt was on it's way back up as the Bushies began borrowing again to make ends meet. By the time they left office they'd add another $5 trillion to the national debt. Then, once the seed corn was gone, the Bushies started to borrow and spend and cut taxes too boot since, to quote Dick Cheney, "deficits don't matter." Suddenly now, the WSJ editors and their dwindling army of dittoheads are all atwitter over "Obama's mounting deficits."

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