As you watch this or read the transcript, keep in mind that from 2001 to 2003—during which time the Bush administration launched two wars, one of which we are fighting to this day, and two rounds of tax cuts for the wealthy—Indiana Governor Mitch Daniels was George W. Bush's budget director. Yet now he is blaming President Obama for allegedly creating a debt bomb:
Well, you know, he's been the president of this nation for the three years in which we have drifted ever closer to the biggest peacetime crisis we may have ever faced. There's no doubt it. It's a mathematical certainty. [...] To me the central question of this election is why such an administration deserves a second chance.The fact that Mitch Daniels apparently has forgotten we are at war in Afghanistan—even though he served in the White House when we began the war more than a decade ago—is a fitting tribute to the Romnesia that has infested the Republican Party.
Daniels talks about our fiscal challenges as if they are problems of President Obama's creation, but the fact is that it's the Bush administration that cut taxes too low, it's the Bush administration that destroyed the economic growth upon which any sound fiscal policy depends, and it's the Bush administration that wasted hundreds of billions in Iraq and Afghanistan. President Obama isn't the one who should step aside—it's Daniels and Romney and the whole gang of Republicans who want to take us back to the way things were under W. Their policies didn't work then and they won't work now. America can't afford to go back.