Our banks aren't failing because of Bush's economic policies. Actually stronger links have been made to a Carter decision, which was morphed by Clinton into federal prodding of banks to make loans to unqualified applicants. But even those policies aren't completely to blame. We're in an economic mess because of our national greed.
Our appetite for more and better no matter the cost has led us to an empty trough. Our capacity for spending enormous amounts of money that we don't have via our own personal decks of credit cards has finally brought the house down.
Oct 13, 2008
Read this over on another blog - great insights.