Reply #13: Not Bush's Fault per se. Rather The Conservative Dogma of Deregulation Is To Blame

[Yavin4]

The conservative economic dogma of deregulating the finance industry is what got us into this mess. And yes, a lot of Democrats including Carter and Clinton also signed onto this philiosophy in one way or another.

Every sane, sober economist in this past decade saw this housing bubble, and no one did anything about it. No one even tried to prevent it. As a leader, it was Bush's job to run the govt which meant putting people in position of power that actually believe in regulating businesses. Instead, Bush littered his govt with cronies who didn't believe in regulation, which is one of the reasons why the Madoffs of the world were allowed to con people.