Letters to the Editor
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who's he talking to?
I'm curious. Who is GW talking to? The great unwashed in the street? The Teeming Millions (as Cecil Adams puts it)?
that must be it. He can't actually be talking to anyone who has been paying attention.
It seems pretty clear now that the last seven years have seen the worst President in American history, by any measure.
I'm really glad he hasn't had something like the Cuban Missle Crisis to deal with. Or else .. never mind. Let's hope that in the next 9 months nothing really serious comes up.
As another poster noted, this is simply a bubble popping. Problem is, it's a very big bubble, and will likely leave a lot of rubble behind. Including a--likely--reduced standard of living for most Americans for a long time to come.
Between the crash of housing values, and the crash of many investment funds, a lot of boomers who are looking at retirement in the next few years are looking at a pretty heavy situation. A situation that could have been entirely avoided after 9/11 by more rational monetary policy, and normal standards for housing loans. That's it. Those two perfectly responsible things could have prevented this entire mess.
Alpha males in investment banking need to be controlled for their own, and everyone else's, good. In this instance, they weren't, and the results are easy to see.