[brydic1]

Those Freepers that could not but believe that George W Bush was a great conservative and would not let this crisis happen are being shocked out of their money and will undoubtedly be shocked out of a lot more of their money. They believed the Bush, Paulson, Limbaugh, Hannity, Kudlow, insanity that everything was really OK and there was nothing at all to worry over. All the while it was repudiation of conservative values by Bush et al that have caused this catastrophe. This depression we are about to descend into, thy name is Compassionate Conservatism. There is no difference between Compassionate Conservatism of the republican variety than Socialism.

When true conservatives tried to warn of this disaster that has now occurred, we were consistently maligned and ridiculed as “gloom and doomers". Those that refused to heed the warnings and did not sell this market beginning this spring are paying the price for their ignorance. I feel great sorrow for what is about to happen in the US in the next 5 to 10 years. But somehow, I do not feel any sorrow for those who chose to ignore the warnings that were freely given by fellow Freepers. George Bush and his Rino compassionate conservatives have led this country into a true disaster. Much more serious than Pearl Harbor because we have not the financial nor moral wherewithal to counter this disaster.

[ari-freedom]

they’ll go after mccain for “gang of 14” but when bush screws the whole economy...not a word.

I hate to say this but Bush played a major role in the promotion of freddie/fannie. All the banks and foreign countries were led to believe they were risk free investments.

[Freedom_Is_Not_Free]

I agree with what you’ve said to the extent that Bush and RINOs contributed to this crisis. But I would go much further than that. Yes, the biggest part of the recent massive credit expansion occured under Bush’s watch and he and his Republican colleagues are complicit. That is the end of my agreement with you.

This crisis is more than 30 years in the making and perhaps much more. But in the past 30 years, both political parties have done all that they could to expand the economy through massive debt rather than through saving and investment. Both parties are equally complicit and both have been contributing to this crisis for at least the past 30 years.

Really, all Bush and the Republicans did was to accelerate a liquidity crisis that was going to happen eventually.

Of course, all that was accomplished with the easy money of the past 15 years was to delay the crisis and make the effects much more painful. This is what Chopper Ben and Bazooka Hank are trying to do once again. If they succeed, they will again just make the crisis that much more painful when it comes. It looks to my eyes like they will not succeed. It looks to me like this is spiraling out of control and there is no stopping the collapse of credit. Game over. Reset. If you would like to play again, deposit 2 quarters, please.