Lehman is about to go under. Washington Mutual might not be far behind. Wells Fargo is turning a profit and shows no signs of any distress at all.
Do we blame President Bush for the failures and give Harry Reid the credit for the success? Vice versa? Or do we finally admit that the government can no more "manage the economy" than they can appoint a board of directors that will either ruin a company or bring it profit.
If governments could really manage the economy, then why isn't France, with one of the most managed economies of all, the global economic giant? Do we want to claim that Frenchmen are inherently stupid?