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He's right, Carter started it all ... actually with airline deregulation. And it was Clinton who did the most harm with the repeal of strong banking regulations. But he was a barely closeted Republican.
In any event, Congress was responsible for all of this, not the president on whose watch they happened, even if they happened with his support.
Both parties are very pro-business, but generally speaking it's been the Republicans who've been more virulently anti-regulation, and certainly the Republicans who are most responsible for the wealth redistribution that made this whole mess possible.
There was simply too much money floating around in the market system, with nowhere legitimate to go.
Anyway, my editing window has expired, and I made a big typo in my tirade above. Taxpayers are on the current bailout hook for about 4 billion dollars, not 4 trillion.
The $15 trillion in stock wealth lost in 2008 to date is an accurate number, as is the 1 billiion hungry by year's end. So sorry for my error, and again apologies to BTD for the inevitability of me bringing politics into this.
For fairness sake, a pox on both their houses. Torches and pitchforks, please.
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