Gene Lyons writes that history shows us the dangers of the current Republican economic strategy, in his column, “Republicans Lost The Economy, Democrats Lost The Narrative:”
Look at it this way: If the Wall Street banking crisis had taken place in 2007 instead of 2008, George W. Bush wouldn’t be able to leave home without being jeered. (As it is, he rarely leaves Texas.) Hardly anybody would buy the brand of tycoonomics GOP presidential candidates are selling. People would understand that save-the-millionaires tax cuts and deregulation had dramatically failed. President Obama would get more credit for pulling the economy out of a nosedive.