History

    History will not treat the past few years well. Lyndon Johnson knew that the President of the United States had very little power over the economy and admitted it. But when faced with an economic slowdown and inflation in the early 1960s, LBJ grabbed his telephone and called up leaders of business and finance to harangue them about rising prices. He called this 'jawboning.'

    The current group running the country fervently believe not only that the government shouldn't be involved in the economy, but believe it is their responsibility stand by and watch the train wreck. Look at their absence in the development of the housing credit collapse, the erosion of the dollar and the spector of speculation in the US oil market. It's turning into the Hurricane Katrina, this time only in the economy.

    What the neo-conservatives don't recognize is that most Americans want their government to do something even if its just having the President call up the head of a corrupt, massive hedge-fund and telling him to knock it off. What George Bush has failed to recognized is that he is President of the United States, not just President of the government