That bubble was growing fast in Clintons days after some well intentioned changes became very bad ideas in the wild. Opening mortgages to the less monied-Great idea. Letting people lie about income and assets-Very, very bad idea. I’d like to know how the President Bush was so supposedly directly responsible.

And that kind of thing is why I take Krugman (and many others)with a big grain of salt. Said this before, but sad to saw Krugman make this mistake, the mistake of over rating the Office Of The President in economic matters.

When Rush or some other hate monger makes that mistake it is bad enough. But Krugman? Get back to your actuarial tables and data. Misleading us will not be considered helpful.