Before GWB was elected the first time, I used to get into a lot of arguments (friendly types) with friends and acquaintances who said that GWB was really dumb. My rationale was that the man had an MBA from an ivy league university and had been the governor of Texas so how he couldn’t possibly be an idiot……………….and so, I voted for him.
After one term, I saw that I was wrong and that the people who said he was dumb, in fact, were correct. Now, that’s not to say that any of the idiots who were running against him both times were any brighter than Bush but this whole housing debacle has truly shown just what an economic genius that he is NOT. By the time all of the greedy fools in Congress get through destroying the value of the dollar and the U.S. economy, the USA will be in such pitiful shape that it will take 10-20 years of proper management from some very disciplined, extremely smart politicians (if there is such a thing as a smart politician) just to get the country back to 1999 value level. We are watching a disaster in the making. NO, not the housing problem but the fixes that the politicians are going to implement in an attempt to fix it. God help us all.