September 3, 2011
Upon reflection, more needs to be said about the new Dick Cheney memoir that conveniently ignores economic responsibility for the nation's current woes with a deflecting after-the-fact spin that attempts to justify two wars.
Commenting on the legacy of the Bush administration, Cheney expressly acknowledges that it was economics that caused the most harm to Republicans in 2008. Importantly, he makes clear that the nation's economic policy was run from the White House, not the Treasury.
Most telling is that it was Dick Cheney, himself, whose advice led to Bush selecting Paul O'Neill as his Treasury Chief. Absent is Cheney taking any real acceptance of responsibility for the Bush Administration's self serving easy money policy that ignited and fueled the unnoticed credit mania which ultimately resulted in surging oil prices, the housing crisis and the five year recession that continues with little optimism or immediate promise of resolve.
While some have cast Dick Cheney as a martyr willing to be hated by all the right people, this is a label which is hard to accept when his advice to GOP candidates is to "keep your Fed chiefs at a prudent political distance." Cheney's conspiratorial advice is, once again, true to form--bad! Deflecting responsibility and planning for a future "fall guy" may be an important message to future GOP candidates and the type of advice they are used to but, in my book, they are not characteristics of a martyr.