@ timetokill... Bush's failure during Katrina was Brownie. its not his fault that a hurricane hit - but it is his fault that he appointed another incompetent (what was he a horse judge) to be put in charge of such an important government agency. On top of that, his personal leadership and response were inadequate... and i'm not even getting into the fact that there was not enough investment made in the levees in NO... (and yes, there were army corps of engineers reports stating that the levees should have been improved BEFORE the Katrina hurricane hit).
most of all, it was his decision not to spend the money to fix the city after... of course because he drained the treasury on the other 14 items on the list - but none-the-less, his administrative decisions resulted in the city still not being rebuilt after 4 years.
so yes, I can lay quite a blame directly at his feet.
@ Thuc - on
9) "those who sacrifice liberty for security deserve neither". but I'd like to hear your point on this
12) you remember Harvey Pitt? Bush's first SEC appointment. the guy's job before Bush appointed him was a lawyer for firms trying to get around SEC rules. He was the perfect fox to guard the henhouse... and during his tenure, Enron collapsed... then WorldCom... and it was he who created a culture at the SEC of looking the other way instead of regulating the 'credit default swaps'. (read this: http://econ161.berkeley.edu/movable_type/archives/001120.html)
beyond just Mr. Pitt, Bush appointed the regulators that, in my opinion, INTENTIONALLY did nothing to stop the Economic collapse of 2009. the revenue streams were too lucrative, and the profits too addicting for the Bush regulators to put a stop to it all. so I do blame the lack of regulation, in part (but a big part), on the guy who appointed the regulators.
13) answered above
15) this is longer. but suffice to say, I do agree that SOMETHING, and something big, had to be done... i'm glad that we didnt do 'nothing' as McCain (initially) and the House Republicans seemed to want to do (or not do as the case may be). BUT, thats a far cry from that being the 'best' way to address the crisis. I dont trust Paulson one bit... and i would not be surprised if in 10-20 years we come to find out it was all a great set-up for Goldman and BoA and Morgan to get their over-leveraged risky investments recouped. We already saw with the 150billion to AIG that paid out 100 cents to the dollar to all counter parties, including over 15 billion to Goldmans (which as it turned out, managed a record-breaking profit in the 2nd quarter of 2009 - surprise!).
This is one area I agree with the wing-nuts on... the TARP was badly set-up and horribly managed. This is also an area where I very much doubt Obama's decisions to appoint Giethner and Summers (another Goldman's Golden boy)... and to a lesser extent Bernanke. I would have loved for him to have been bold and picked a Baird to be Sec Tres. or who is that guy from the Federal Bank of St Louis? that guy.
but I digress - the point is, under W - the $700b went out the door (or at least 350b of it)
also...
*********** READ THIS ************
http://men.style.com/gq/features/landing?id=content_10957
an excerpt from Matt Latimer's new book (coming to bookshelves in early October). Latimer, was one of Bush's speech writers for the last 22 months of his Presidency, and you really gotta read this (go to link) talks about Bush's opinions of Palin, McCain, Obama, and even Hillary's "Big Fat A**". As well as how completely LOST Bush was after the collapse of Lehman's and Bear Sterns... seriously worth your time.