Originally Posted by CosmicTang

No one is, that's why we have to listen to them all argue. Economists tell you what the economy is going to do based on some action, then afterwards they'll explain why it didn't work out that way.

FTR-I believe it was the Clinton admin that allowed the banks to start selling those insane mortgages to people.

The Bush White House pointed out in 2002 that they saw this as becoming a problem, but Congress did fuckall about it.

Not to be outdone by his predecessor, Bush allowed the credit lobbies to write their own regs before allowing them to become law.

There is plenty of blame to throw around, but the guy who's been on the job a month isn't one of them....yet.