Think about it. It’s a fairly common belief that “under Bush the economy was un-regulated, and that’s how out-of-control business people drove us over the cliff. But now that it’s regulated, things can only get better.” President Obama still reiterates this theme, in a variety of different ways. Of course, the idea that our economy is, or was “un-regulated,” is utter nonsense. The electronic device with which you’re reading this – a computer, “electronic tablet,” iPhone, whatever –was designed, assembled, transported, and sold under heavy U.S. government regulation, and it’s powered with electricity that was generated under heavy regulation. The same would have been true had you read one of my columns back during the eight years of the Bush presidency, as well.