The Intellectual Amnesia Of The GOP

David Frum tells hard truths:

Without the housing claim, it would have been hard to depict theBush economic record as very much of a success. Employment was up, theDow was up, but median incomes still lagged behind 2000 levels. It wasthe rise in home prices that represented the administration's mainargument that its economic policies had helped the American middleclass. No way was the administration going to act to slow – let alonehalt – that rise. To the extent that political appointees...