Ironies of GWB

ILLUSTRATED: The failure of the Bush Administration is forcing Americans to to save and conserve. But it is not enough.

The collapse of the global economic system, American geopolitical strength, and perhaps the industrial base is forcing the American people to tighten up. The household debt is down, and people want smaller cars.

But conservatives, stop grinning. You may think that cutting government led to more personal responsibility. However, the American people will figure out that they are better off with government creating efficiencies of scale and sensible controls to sustain capitalism.

Personal debt is down, but so is net worth.

We are not doomed to become a Third World country. Democrats have a case to make that with a national health care risk pool, easier access to educational loans, more vocational spending, more infrastructure, and sensible regulations the American economy can grow with smart government.