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Bush was pilloried for supposedly hyping al-Qaeda in order to create a security state. Obama trumped that by proclaiming that the present recession is a catastrophe, a disaster, a Great Depression. He ceased his scare-mongering only when he had exhausted the vocabulary of doom. “You never want a serious crisis to go to waste,” bragged Rahm Emanuel, reminding us that the envisioned Obama socialism could take root only if a climate of fear was created.