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2012 is not 2000. We have deficits rather than a balanced budget. We have historically high unemployment rather than historically low unemployment. We've seen what the financial system can do when left unchecked. We've watched tax cuts in 2001 and 2003 fail to spark economic growth and seen a rising stock market fail to lift middle-class wages. We do need new thinking. But Romney isn't offering any. His problem isn't that the public is unfairly judging him by Bush's policies. It's that they're fairly judging him by Bush's policies.
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But the same playbook is there in 2006, as it was in 2004 and 2008, and as it is in 2012. Domestic oil production, school choice, trade agreements, cut spending and reduce taxes and regulations -- it's been the conservative answer to times of deep economic stress, times of economic recovery, times of economic worries, and times of economic panic. Which is another way of saying that the Republicans have no plan for how to actually deal with this specific crisis we face.