right wingers are fond of blaming hard working americans for the
recent economic collapse that happened under bush. but nouriel
roubini, one of the few economists to accurately predict the collapse,
blames wall street:

http://www.nytimes.com/2010/05/07/bo...html?ref=books

As Mr. Roubini observes, the calamities of 2008 were not caused by a
bunch of bad subprime mortgages or by a simple housing bubble but by
deeper, more tectonic pressures that had been building for years. Not
only had the government failed to keep tabs on exotic new financial
products like derivatives, but the sweeping away of banking
regulations established in the wake of the Great Depression (along
with Wall Street’s ability to evade remaining rules) had resulted in
the development of “a vast shadow banking system” outside regulatory
oversight. Meanwhile the bonus system adopted by many financial firms
spurred the pursuit of short-term profits and excessive risk taking,
even as the low interest, easy money policies of the Fed under Alan
Greenspan encouraged the growth of leverage and debt.

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so the right whiners complain about me complaining about wall
street...preferring the more simplistic view that 100,000,000 hard
working americans are lazy...

but roubini accurately lays the blame on the god that is worshipped by
the right...wall street. he also says the current massive spending
and debt was necessary to save our economic system:

“The response to the financial crisis had all the grace and beauty of
a battlefield retreat,” Mr. Roubini observes, “but in the end it
seemed to work: capitalism did not collapse; the fate of particularly
hard-hit Iceland was not the fate of the world at large.”
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he also says george bush's radical tax cuts for the rich amplified the
problem and created much of our deficits...

so go ahead, right whiners. continue your delusional flights from
reality. those of us with common sense will continue to treat you
like the whining babies you are...