The Mother of All Bailouts

Unfortunately, human nature is flawed and no one, particularly the "experts" wants to admit it. While most people are honest, a significant number are more than willing to to bend the rules to their advantage and then blame someone else for their failings, since they don't have the integrity to neither do right to begin with nor fess up after the fact. We need to accept this, create rules and enforce them. It's the only way to ensure honesty. Self regulation is and always will be a pipe dream.

In the future, Republicans will point to this time and say "Look what the Democrats did with their free spending, creating a huge deficit that burdens us all." And the voters will fall into a trance under their media spell not remembering the 8 years of mismanagement that necessitated this huge spending deficit. We won't remember that Bush came to office with a balanced budget and huge reserve, only that the Democrats buried us in debt to fill in the huge hole he left.
As long as we are creatures of the here-and-now never holding those truely accountable to task for their misdeeds then there is little hope for this nation.

Bush started the bailouts (and really when did Bush ever make bad decissions?yeah right.) but Obama has followed his lead and taken them to new levels of wastefulness.

Love the dig at Bush in the end, Gross. You just can't help yourself can you. Add up all the historical bailouts mentioned in the article and we seem to be falling waaaaaaaaaaaayyyy short of the amount and scope of today's Obama and Washington led spending spree. No, I'm not for letting anyone off the hook in Washington....GOP or Dems. But your bllatent bias in "retracing the roots" is ridiculous. No wonder our economy is only stepping on the accelerator toward the pits. With mindsets like yours -- aka "hey, Bush spent alot too" -- we are in trouble.