This has sealed his fate as far as where his place in history is. President Bush- president who ushered in socialism to the former United States of America. If the free market is what caused the economy to collapse, it was not a free market. Free markets are truly supply and demand and fix themselves.
What a nation of whiners we have, thinking we are entitled to prosperity. Last I checked we are endowed with the right to life, liberty and the PURSUIT of happiness, not a guarantee.
I guess since we already deleted the right to life, changing our priciples was only a matter of time.... Paul Revere, where ARE you?????
I watch many sources of info and it sounds like the FTC allowed endless risk taking,with easy lending by FED ,which in theory might have been OK or seemed OK, but it allowed a huge unstable bubble , but now we learn the feds will selectively cover some investors losses, which leads to everyone getting in line, order based on influence.
The UAW is saying NO to cuts in benefits and at same time threating a great depression if THEY get laid off. Now why would they allow themselves to get laid off it it causes great depression? laid off in great depression???. This is that most massive union bluff of all time and press is playing them as victims.
BTW: I hate GWB and McCain, two reasons our party DESERVED to lose.
You've nailed it. The price for this entitlement will be a further encroachment on our rights.