Where Do We Go Now?

The Reckoning: White House Philosophy Stoked Mortgage Bonfire

“We can put light where there’s darkness, and hope where there’s despondency in this country. And part of it is working together as a nation to encourage folks to own their own home.” — President Bush, Oct. 15, 2002

The economy is in the tank after a housing market collapse took the rest of Wall Street with it. Now, the American and Canadian governments are ponying up the big dollars to save the already tail-spinning auto industry and the DOW continues to plummet. At an Oval Office meeting to discuss the impending crisis, (Might-As-Well-Be-Former) President Bush begged the question, "How did we get here?" Good question, Mr. Bush. Maybe reading this article 8 years ago could have changed the way you and your government ran things. Is this the death of Laseiz Faire, or just the beginning of stupidity? I report, you decide...