It’s been an unpredictable year, and if our pundits and policymakers could do it all over again, there are some moments they’d probably love to take back. Unfortunately for them, the Internet never forgets, and the ND20 team has decided to look back over 2010 by counting down the dumbest headlines, decisions, and predictions. There was a lot of dumb to cover, so if you think we missed something, be sure to let us know.
10. One and done: To be a great president, Obama should not seek reelection in 2012 (WaPo)
What's the silliest part of this advice -- the idea that President Obama could achieve more by quitting his job, or the idea that two Fox News analysts have the president's best interests at heart?
9. Heritage Foundation and the "Luck" of the Irish (OurFuture.org)
Conservative economists had a lot riding on their belief that Ireland's austerity measures would save its economy, so it's not surprising that the Heritage Foundation was still touting the Celtic Tiger's strength two years into a deep recession. That doesn't make it any less funny.
8. The Health Care Bill is Dead (Weekly Standard)
The day after Scott Brown's shocking victory in the special election to fill Ted Kennedy's Senate seat, Fred Barnes declared "The health care bill, ObamaCare, is dead with not the slightest prospect of resurrection. [...] Democrats have talked up clever strategies to pass the bill in the Senate despite Brown, but they won’t fly." To be fair, many progressives agreed with him.
7. Off-Message Watch: "I Don't Know That for Sure" (Economist's View)
Austan Goolsbee brought a lot of good will with him to the Council of Economic Advisers, but when he turned out to be agnostic about the benefits of a bigger stimulus package, it made us wonder if he was off-message or if the entire administration was.
6. Robert Rubin: 'Virtually Nobody' Saw Crisis Coming, Bush Deserves Much Of The Blame (HuffPo)
Like many of the architects of the financial system that collapsed in 2008, Rubin must not have been paying very close attention if he didn't spot any signs of trouble brewing.
5. The war recovery? (WaPo)
We're always open to innovative economic ideas, but David Broder made us wonder if Martians had invaded his body with this column speculating that war with Iran would boost growth and help President Obama in 2012. But then again, Afghanistan and Iraq have done wonders for us.
4. Christine O’Donnell TV Ad: “I’m Not a Witch… I’m You” (CBS)
Even in the year of Aqua Buddhists and chicken barterers, Christine O'Donnell was an unusual Senate candidate. When Bill Maher revealed that she had once dabbled in witchcraft, she was forced to issue a denial that perfectly captured the absurdity of the midterms and earned a place in our political lexicon.
3. President Obama: Drill, Baby, Drill (ABC)
In one of his signature attempts at bipartisan pre-concession, President Obama decided at the end of March to endorse more offshore oil drilling. Three weeks later, the Deepwater Horizon oil rig exploded, creating one of the worst environmental disasters in U.S. history. Perfect timing.
2. The Politics of Foreclosure (WSJ)
When the foreclosure scandal broke, the Wall Street Journal argued that liberals were making too big a fuss about “the pain that results when the anonymous paper pusher who kicks you out of your home is not the anonymous paper pusher who is supposed to kick you out of your home.” The editorial stated that the good folks at the Journal were “not aware of a single case so far of a substantive error.” We can think of a few.
1. Welcome to the Recovery (NY Times)
Tim Geithner probably didn’t mean for the title of his now-infamous op-ed to sound sarcastic, but as Wall Street’s profits soared and the middle class continued to sink, it was hard for anyone to take it seriously. At least he didn’t mention green shoots.
Tim Price is a Junior Fellow at the Roosevelt Institute.