President Bush Addresses the Economic Crisis

I’m actually writing this as President Bush talks, so here are some of my random thoughts on Bush’s comments on the economic crisis.
“Pivotal moment.”
Really? What will we do? Will we change the way we do things? Perhaps abandon an economy that is so based on debt and consumption?
“Free enterprise” and “only when necessary”
Apparently there is no “free enterprise.” It’s all about socializing the risk associated with massive private profits and decisions. Decisions made mostly upon greed.
“Address the root cause”
No, no, no, no, no! The root cause is not the fall of the housing market. It’s the policies and the lending …read more