Sunday, October 12, 2008

A Bright Spot

Not that President Bush has been a great prize in this crisis, but just when you think things couldn’t get any worse, we’re reminded that Jimmy Carter could have been in charge.

Of course, there’s a better than fair chance that we’ll be getting his equivalent come January.

And just what is this deregulation he’s talking about? If anything, the government has been increasing it’s level of meddling in the economy under the Bush administration. Certainly, nothing major has been rolled back, and certainly not Democratic darlings Fannie and Freddie.

Conservatives have been grousing over the Bush Administrations liberal economic and social policies for the past 8 years, largely sticking with the administration based on two core issues: the war on terrorism, and judges.

Nobody’s been enthralled about No Child Left Behind, expanding Medicare / Medicaid drug coverage, or much of the rest of the President’s domestic initiatives.

Or for that matter, the original bail out bill for the Big 8 6 4 or however many monster sized CPA firms are left, Sarbanes-Oxley, otherwise known as the Accounting Consultant’s Full Employment Act of 2002. This is a regulatory act that probably did more to advance the interests of the capital markets in London and Hong Kong at American expense than anything else in recorded history.

So when did we get all of this free market stuff that the liberals are blaming for the current mess?