The Heritage Foundation weighs in on the financial sector meltdown.

So does the Corner.

Michelle Malkin says...something, and gets about as close as anyone to mentioning The Name That Dare Not Be Spoken.

The name, of course, is Bush. Conservatives have been weighing in on the great contraction of the banking industry by force of Jesus Christ where'd all the money go, but somehow, Bush's role in monitoring and regulating the entire system of finance in our country is mysteriously absent from any examination of What Done Happened Here.

The Republican message is stuck in a whirlwind of shit on this - Donald Luskin, who somehow wormed his way into McCain's camp of advisers in between furious scratching out the eyes on a 8 x 10 of Paul Krugman, is making the case that the American people are the worst imaginable judges of their own economic situation. John McCain is still declaring that the fundamentals of our economy are strong. Somewhere out there, Sarah Palin is listening to Who Is Mike Jones? and realizing that the real problem with the American people is their lack of realization that if you don't work, you don't eat and if you don't grind, you don't shine.

We're supposed to believe the following about the economy, courtesy of the GOP:

  1. Everything's fine, except the things that aren't.
  2. Everything that's fixable is fixable by tax cuts. And those things are massive problems that could destroy American society.
  3. The other things that aren't fixable are Bill Clinton's fault.

The GOP is, of course, lying. Because it's what they do. All the time. The intractability of the "stop your stupid whiny bullshit" dynamic is quite impressive - there's a section of economic theory (quite right, in many cases) that says that what's happening at the macro level of the economy doesn't always happen on the same timetable or in the same way that our own personal economics function, meaning that indicators may be leaning towards a recovery when we're still hurting. But what the McCain campaign is doing, quite openly, is then declaring that since this phenomenon can occur, it renders our own personal economic situations fundamentally invalid. If you just say the macro economy is strong, absolutely nothing else matters - you can even lie about the macro economy actually being strong, because economics says so!