The crash in Republican economics

"In a free market, there's going to be good times and bad times," said President George Bush in a speech at the Economic Club of New York on Friday. "That's how markets work. There will be ups and downs."

Whether you label them fatuous or wise, the president's comments are not off the mark. The business cycle is real; economies expand and contract; what goes up must come down. But the… » Full Story on Salon.com