Friday, February 20, 2009

Who's REALLY to Blame for the Financial Meltdown

David Fiderer from HuffPo tears apart a recent article by Time magazine that tries to spread the blame for the recent economic catastrophe on everyone and his brother. Fiderer, through careful analysis and argument, lays it out bluntly:

The economic crisis was caused by right-wing economic theory, the Bush Administration, and the Bush Administration's Republican cronies.

He is especially contemptuous of efforts to lay some of the blame at Bill Clinton's feet. Go read it and see for yourself what actually happened, not what Time magazine is trying to get you to believe.

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