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And what were liberals like years ago?
Mike, years ago liberals believed in freedom. Now liberals are of the opinion that it is their way or the highway. Liberals support Hillary, despite her awful track record of lies and deception. I don't think she would have been acceptable years ago.
So what do liberal today believe in? I don't believe in big government. If you mean entitlements, then you should say that. But they are very small part of the budget. So you think by privatizing everything will solve the problems of the world?
The amount of the entitlements does not change the motivation, it just makes liberals look naive.
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The financial meltdown was caused because legislation was removed that prevented commercial banks to merge with investments companies. It is much more complex than fear of the unknown.
It's always more complex than any one aspect. If the market had believed it was going to lead to great things it would have responded positively and the pound would not have taken a hit either. My point is this wasn't just liberal reaction.