Krugman: Ending the Fraudulence

Paul Krugman in the NYTimes: "So is the nightmare finally coming to an end? Yes, I think so. I have no idea whether Patrick Fitzgerald, the special prosecutor, will bring more indictments in the Plame affair. In any case, I don't share fantasies that Dick Cheney will be forced to resign; even Karl Rove may keep his post. One way or another, the Bush administration will stagger on for three more years. But its essential fraudulence stands exposed, and it's hard to see how that exposure can be undone.

What do I mean by essential fraudulence? Basically, I mean the way an administration with an almost unbroken record of policy failure has nonetheless achieved political dominance through a carefully cultivated set of myths.

The record of policy failure is truly remarkable. It sometimes seems as if President Bush and Mr. Cheney are Midases in reverse: everything they touch - from Iraq reconstruction to hurricane relief, from prescription drug coverage to the pursuit of Osama - turns to crud. Even the few apparent successes turn out to contain failures at their core: for example, real G.D.P. may be up, but real wages are down.

The point is that this administration's political triumphs have never been based on its real-world achievements, which are few and far between. The administration has, instead, built its power on myths: the myth of presidential leadership, the ugly myth that the administration is patriotic while its critics are not. Take away those myths, and the administration has nothing left."