How I would have saved the economy
I've been good at criticizing what is wrong with the economy, let me take a moment and say what I would have done differently to try to prevent us from getting to where we are right now. The answer starts in the approach - I would have attacked the problem from the bottom up, not the top down. There are a number of steps that could have been taken back when all this started to isolate the economic harm and create a gradual downturn instead of what did happen, which resulted in the economy falling off a cliff. This would not have been without pain, but a lot of the pain would have been absorbed by the lender, borrowers, and investors who took agreed to the risk of pain in the hope of financial reward. However, I think the result would have been fewer foreclosures and less people out of work. Ironically, both the Bush Administration and the Obama Administration have talked about trying to reduce foreclosures, but neither has any significant accomplishments. That's because th...