With Friends Like These...

Andrew Sullivan linked to this piece on Politico, in which a true blue Goldwater/Reagan conservative reflects on the damage Bush has done to the movement.

Bush’s legacy for the cause of free market capitalism may be even worse. Our first MBA-holding president has turned out to be the worst economic manager since Herbert Hoover.

The bailouts of Detroit and — much worse — the vile Wall Street profiteers now open the door to an unprecedented expansion of invasive welfarism throughout the economy. It’s hard to call proposals that build tennis courts in yuppie towns or subsidize performance artists in Flint, Mich., wasteful after the billions Treasury Secretary Hank Paulson has lavished on his compadres in Richistan.

In the coming years, the only legitimate opposition to the bipartisan pro-Wall Street policy will come from the scruffy populists of both parties, many based in the heartland regions of the country. Bush may even make quasi-Marxism respectable again. Hearing about $20 billion in new bonuses for government-subsidized Wall Streeters this year should be enough to bring out the hidden Bolshevik in even rational people.