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September 23, 2008

The "Gotchya!" Bailout Converage

In the flurry of coverage concerning Wall Street's recent woes one thing has been evident: The papes are quick to point a finger not at the corporate greed and lack of vision that spurred the historic losses, but rather, George W. Bush.

Sure, ol' Georgie's backwards system of unregulated supply-side economics surely hampered the fiscal situation, but what really did Wall Street in was good ol' fashioned greed.

The liberal blogspere is currently playing the "Haha got ya!" game with the prez and the papers are following suit. Bush certainly deserves some of the blame, but he's even now being blasted for doing the right/very liberal thing - a government bailout of said institutions.

Bush is -without question - a reprehensible leaders. But, he could probably catch a little bit of a break here and let the fat-cats (most of which are his loyalists) take the blame. Bush is going to have a terrible legacy regardless of his blame or lack of blame concerning Wall St.