Bill O'Reilly: "Bush's tax cuts after 9/11 SAVED THE ECONOMY" [View All]

[Bush_Eats_Beef]

http://www.foxnews.com/story/0,2933,166615,00.html

President Bush could go down in history as another Ronald Reagan (search) or another Warren Harding (search). We'll know over the next few months. As you may know, the president's job approval rating is dropping into dangerous territory, the low 40's. If he falls much farther, his power to get things done falls as well. Three things are bedeviling Mr. Bush — chaos in Iraq, chaos on the southern border, and high gas prices. The president either deals effectively with those issues or risks going down in history as a failure. And that is the no-spin truth.

If the Bush administration cannot break the back of terrorism in Iraq, all the other good things will be forgotten. And the situation must improve soon, as the president is losing domestic support.

In five years, the Bush administration has added about 1,000 new border parole agents, but millions, millions of illegal aliens continue to get into this country, along with a record amount of narcotics. Clearly, border security is not a success for the Bush administration.

The president has done many good things. His tax cuts after 9/11 saved the economy. His aggressive terror fighting policies have badly damaged al Qaeda. And his support for traditional America has made it difficult for the far left to change this country through the courts. So Mr. Bush, in my opinion, has not done a bad job overall, but Iraq oil and the border threaten a derailment. The presidency is a performance business, but he still has time to turn things around. And that's "The Memo."