Economic Ignorance: Financial Crisis Bush's Fault

For years NewsBusters and its affiliate the Business & Media Institute have agonized over the astounding economic ignorance of many press members who despite their lack of financial acumen have the gall to offer their unqualified opinions to the public.

No finer example of a media member who should understand her limitations and keep her mouth shut during economic discussions was the Atlanta Journal-Constitution's Cynthia Tucker Sunday morning who on ABC's "This Week" actually said that all the problems in the financial services industry would have magically disappeared if only the Bush administration would have bailed out individual homeowners.

Maybe more interesting was that she began her nonsensical accusation by saying, "I've never understood." As this was the most accurate statement she made concerning this matter, she should have stopped there.

Sadly, she didn't (video available here, relevant section at 11:33, file photo)

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