The problem(s) started with the creation of unregulated, highly leveraged financial instruments allowed to run wild, funded by the Federal Reserve, fueled by enormous domestic budget deficits and world-record trade deficits. A huge surplus which could have taken care of Social Security and Medicare was squandered on tax cuts for the wealthy who used the money to buy those instruments for 10% down. The Bush Legacy. As with 9-11, it happened on his watch. Does anyone wonder why he is still smirking?"
The public was told the tax cut would create jobs. It has. For bankruptcy attorneys. Real estate foreclosure people. Resume writers. And the best is yet to come.
"McCain calls for an economic commission; Obama says rival is out of touch."
"Pelosi orders wide Wall Street probe."
One thing that's not needed is an economic probe.
