Ah, yes - just as Ronald Reagan was not up to the challenge. Two years into his presidency, everyone wants to be an arm-chair quarterback.
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Get the book, Reagan's War by Schweizer. Reagan was diligently preparing himself through intense study and development 30 years before he ran for the presidency. He was highly intelligent and inquisitive. Bush is, and never will be, a Ronald Reagan.
If Reagan was as prepared as you say he was, why did he surround himself with so many lousy people? You are only as good as the people around you. GWB seems to have a top-notch staff and that counts for much. Also, Reagan was never able to deliver a Republican congress so much of his agenda was thwarted.