Everyone is angry about the dreadful state of the economy. They’re looking for someone to blame: President Obama, Treasury Sec. Tim Geithner, Sen. Chris Dodd, AIG, the Big Banks, or perhaps all of us hapless middle-class Americans who believed the money peopel when they said getting rich was easy — just use credit! — and the value of our investments could only ever go up.
But I think the real blame lies with George W. Bush and our Congress — mainly the Republicans but some of the Democrats too — who sat and watched the bubble grow and grow over the last eight years and did … nothing. Nada. Zip. They’re the ones we should be blaming. They’re the ones we elected to make sure that this sort of thing couldn’t happen. They should all be facing, at the very least, intense public humiliation. Ideally, they should be tried for criminal incompetence and greed.