David Frum makes a very good point in his post on "
A Broken Presidency":
President Bush insisted that his top priority was to help transform the "if it feels good do it" culture bequeathed by the 1960s to a personal responsibility culture: that was the main theme of the first conversation I ever had with him. Yet in practice, he chose to finance his war in exactly the same irresponsible way that Lyndon Johnson financed his - and with the same result, an acceleration of inflation and a dollar crisis.