Real Clear Markets:
Indeed, one doesn't have to be a small-government libertarian to understand that our federal minders don't possess the competence to deal with oil spills anymore than they have the foresight to rein in faulty banking practices. The founders didn't so much despise government as they were properly skeptical about a centralized bureaucracy's ability to handle specialized situations.
I agree with the premise on this one. W was no more able to prevent the disaster at NOLA than Obama was able to prevent the oil spill in the Gulf. It's simply beyond the 'typical' practice of the Fed's to really preclude these things. The responses in both cases were what they were. You can second guess, but you'd be wrong - which isn't to say it was handled perfectly - but optimum considering the unprecedented sort of destruction.
But, Barry O has found a clever way to deflect some of the criticism.