This is pretty good, by Andrew Sullivan.
Think of someone like Glenn Beck.
He sat back and watched Bush preside over the worst domestic attack in US history, explode the entitlement state, engage in unending projects of nation-building in two of the most dysfunctional countries on earth, rip up the Constitution, and bequeath as his legacy a trillion dollar deficit, unprecedented domestic discretionary spending, a banking collapse and the worst recession in many many years. The right will take some time to absorb this but Bush was Carter II – with two full terms. All that rage at what has actually happened – bottled up by rank partisanship for years – has come bounding out. Hence the bizarre spectacle of a president just two months on the job being treated on the right as if he’s already Robert Mugabe. Throw in a little racial and cultural panic, add a world of genuine economic pain … and you have the Malkin surge.
Sounds about right.