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As much as Democrats want to blame the Bush administration for everything that is wrong with the economy, we voters need to keep everything in perspective. Whether Bush was just stupid, misguided, or a liar when he spoke about the strength of the economy a month ago, it doesn’t change the state of our financial systems. But it should beg the question: If President Bush was so abundantly wrong about the state of the economy, why are we listening to him about the need for a bailout of the financial industry? Is it because we just like to spend money? Clearly, this Congress does like to spend money, and spend money it will. Over the last eight years, Congress has helped Bush spend America into the largest levels of national debt since the the revolutionary war. Fortunately, China seems willing to support their own failing economy by buying up all of our worthless debt.

The smart banks that didn’t partake in the excesses of the sub-prime lending fiasco are doing rather well. Just talk to the folks at JP Morgan Chase who had proposed to pay $30 billion for Washington Mutual not to long ago and just recently stole… err, I mean purchased, WAMU for a paltry $1.5 billion. The banks that didn’t gamble have the assets to gobble up the banks that took the gamble. These smarter banks are also thumbing their nose at our idiotic Federal Reserve chairman because our central bank has shown itself to be just short of useless. In fact, under Bernanke, the central bank has done exactly what the central bank was not supposed to do. It played politics. It crumbled under the political demand of the Bush administration.

Everywhere you look in the economy, if the Bush administration touched it, it’s broken. Why give a Bush bailout? It isn’t needed. Let the smart banks, the banks that played the game the right way… Let them win the prize. They deserve it.