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Location: Pantego, Texas, United States

Monday, December 22, 2008

Recently I read an NYT article in which they revealed that - no surprise - it was President Bush who was responsible for the current worldwide financial crisis. Bush, aided by right-wing ideologues had pushed through evil deregulation that caused the problem. That this is not true hardly matters to the NYT, the formerly great newspaper that is now a joke. Actually Bush had been warning about Fannie Mae and Freddy Mac, and had been pushing for more regulations of those semi-government institutions. (I do blame Bush for something he did, specifically extending the sub-prime loan program to illegal aliens.) Here is a piece debunking the NYT article:

http://pajamasmedia.com/rogerkimball/2008/12/22/who-caused-the-global-economic-crisis-hint-it-wasnt-george-w-bush/

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