Posted on 09/18/2013 6:44:41 AM PDT by Kaslin
Editor's note: This article was adapted from the authors’ Hoover Institution essay, "Observations on the Financial Crisis."
It is now five years after the financial shocks of September 2008. The two of us were members of the problem-solving team at the time, serving in the White House as Director of President Bush’s National Economic Council (Hennessey) and Chairman of his Council of Economic Advisers (Lazear).
In a booklet that we released last week through the Hoover Institution at Stanford University (“Observations on the Financial Crisis”), we review the crisis, its causes, remedies and implications for the future.
A major theme is correcting popular misinterpretations of events and policy decisions during and after that crisis.
(Excerpt) Read more at foxnews.com ...
Correct. The "lesson" has made all of us suffer. This kind of thinking is so self-destructive.
What’s more, they didn’t even learn anything from what happened as a result. So they went out and did it AGAIN four years later, bragging as they did so about how they would teach the GOP a real lesson this time.
And they call themselves “conservative”. Bah!
They said they hoped Obamacare goes into full effect just so we can "teach them a lesson". Ugh.
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