What happened?

“Wall Street got drunk;” got a tattoo (which didn’t look “gargantuan, inevitably tacky, gauche and ugly” at the time).

Taken together, President Bush’s recent “off-camera” remarks (now “no longer available” on YouTube) and Richard Cohen’s column in yesterday’s Washington Post on how America’s tramp stamps explain why we’re all in the red, are really helping this layman understand our economic dire straits.

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Liz Cox Barrett is a writer at CJR.