As the Vote fails in the US Congress and the grotesque political blame-game begins, we mere victims wondering what to make of it all have to listen to the core Democrats’ slogan ("It’s all the fault of Bush! And Greed!" But mainly Bush!").

This despite some pretty good Republican voting support for the Bill, which failed because so many Democrats themselves would not support it.

In this carnage we arguably ought to be relying on people who quite clearly saw it coming, and so can make some credible claim to have a clearer set of ideas/principles on what to do about it now.

Such as this eloquently Grumpy Economist:

Every economic crisis creates an opportunity to allow market order to reassert itself. The current case is no exception. But such crises are more often seized as opportunities to expand the level of state intervention in the economy, even when previous episodes of intervention caused the current crisis…