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Here's a hypothetical: if Bush were to come out of hiding and announce his support for re-opening the gov't and raising the debt ceiling, would that have any effect?
Or do Dems and Repubs equally loathe him and it wouldn't make a difference?
Yes I would say the Dems really loathe him and they for sure would want nothing to do with him. The Republicans who caused this shutdown are the ones who consider GWB a RINO and a far too liberal president. They hold him responsible for TARP and want nothing to do with him. His political clout is long gone, perhaps lost forever when the Dems took back congress in 2006 and housing market crash.
No, keep GWB on the sidelines and in retirements, he probably would just make matter worse.