Who is (really) responsible for this economic mess? Watch and decide.

[Tracer Bullet]

http://www.youtube.com/watch?v=2ewJdT_iHxU

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"Just the facts Ma'am!"

---> Tracer Bullet
pri...@i.org

http://www.myspace.com/tracer40b

[rm...@my-deja.com]

A closer look at the Bush gamble is merited because the first person
to reprice risk on the basis it no longer existed was the president.
Now, that’s leading by example.

The gamble involved going to war in Iraq at an estimated cost to date
of about $700 billion (does that figure sound familiar?), while opting
not to raise taxes but to lower them. It involved going into that war,
and another in Afghanistan, while asking not for shared sacrifice but
a great collective maxing-out in the service of: shopping.

At the same time, Bush, who often seemed to need directions to the
Treasury, opted to allow an opaque derivatives market to grow into the
trillions without supervision, regulation or information. The market
knew best. Turns out that what the market knew best was how to turn
capitalism into a pyramid scheme for trading worthless paper.

The cost is now clear. But we should be grateful for small mercies.
Remember Bush wanted to throw Social Security into the casino, too, by
privatizing it!