In response to:

I Think I Owe an Apology to George W. Bush.

Enquirer Wrote: Nov 16, 2012 11:07 PM
Sorry conservatives, your ideologies are hurting America. Following the war what happens? The biggets financial melt down in the history of US. So no need for apologies to GWB unless you are one of the co-criminals.
inkling_revival Wrote: Nov 17, 2012 8:44 AM
Conservatism had nothing to do with the 2008 meltdown. The primary components of the meltdown included:

(1) Progressive policies forcing banks to make loans to marginal customers;
(2) Clinton's National Homeownership Strategy making those progressive policies law, and backing them with $1 trillion in FNMA funding;
(3) The Fed cranking interest rates near 0 in the wake of the 2001 economic slowdown;
(4) Sarbanes-Oxley knee-jerk reaction to the 2001 auditing crisis, resulting in
(a) mark-to-market accounting required by the fed govt.
(b) the recourse rule requiring huge investment in MBRs to meet reserve requirements.

It's all government intervention. No conservatism to be seen.

William F. Buckley once noted that he was 19 when the Cold War began at the Yalta conference. The year the Berlin Wall came down, he became a senior citizen. In other words, he explained, anti-Communism was a defining feature of conservatism his entire adult life. Domestically, meanwhile, the right was largely a "leave me alone coalition": Religious and traditional conservatives, overtaxed businessmen, Western libertarians, and others fed up with government social engineering and economic folly. The foreign policy battle against tyrannical statism abroad only buttressed the domestic antagonism toward well-intentioned and occasionally democratic statism at home.

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