History, Economics, and Reality

No, sir*. We are passing through an era of profound irresponsibility, that you hopefully won't be able to extend into eternity. Where did you get the past tense?

"We've passed through an era of profound irresponsibility," Obama said at a joint news conference. "Now, we cannot afford half-measures and we cannot go back to the kind of risk-taking that leads to bubbles that inevitably burst. So we have a choice: We either shape our future or let events shape it for us."

Government policies caused the bubbles, in large part. Don't make it worse, just because you are being willfully ignorant.