Patently false. Incompetent government did. We should have let them fail precisely to avoid this mess.
That old slippery slope thing...
The government did not hold a gun to these Wall Street thugs heads and force them to leverage 60-1, pay huge salaries and bonuses when the company was failing nor did the government chop up bad mortgages and send them round the world.
The damage these guys did is not limited to the US...they have bankrupted Iceland and caused banks to be on the verge of failing in every European country...Wall street has bankrupted this country and possibly the entire world...saying it’s the government’s fault will not make it so...just like attempting to blame Obama when this all happened on Bush’s watch will not make it so. Go on google and hit bonus; main street is livid. They blame the Wall Street bankers-any Repub who defends these guys will pay a political price.
Flame me if you want, but I think Pres. Bush was mostly checked out the last couple of years in terms of domestic policy. He let the Harvard grad geniuses like paulson and Bernake run things...bad idea Mr. President.