[wmfights]

Events of the last 12 months have made plain the weaknesses inherent in capitalism, at least as it is acted out in the America of the 21st century and that seems perfectly clear. Is it too hard to admit that?

Yes, when it's not true.

The economic collapse has nothing to do with free markets. It is the result of bad monetary policy and bubbles created by govt in housing and finance. The bubble in housing was created by govt artificially lowering interest rates and forcing banks to make loans to marginal borrowers. If the markets had been left alone we would not have had a credit collapse when the recession occurred.

[Dr. Eckleburg]

The economic collapse has nothing to do with free markets. It is the result of bad monetary policy and bubbles created by govt in housing and finance. The bubble in housing was created by govt artificially lowering interest rates and forcing banks to make loans to marginal borrowers. If the markets had been left alone we would not have had a credit collapse when the recession occurred.

Amen. Thank you.

And as proof of that fact, Obama has re-nominated Bernanke as head of the Fed!!!

Ostensibly it's because he "is familiar with what happened."

LOL. Familiar?!? It was on his watch all this tragedy occurred! He didn't see it coming? He couldn't have stopped it?

Obviously he's doing what he's supposed to do -- steering our ship of state into the rocks.