Free market train wreck

Our country's financial crisis has been caused by a wreck of the laissez-faire train. Now that taxpayers are bailing out the private sector on a massive scale, I don't ever want to hear anyone ever assert again that businesses are managed better than government. If that were true, businesses would be bailing out the government. Now, I have a few observations.

1. Financial executives with seven-figure salaries and Ivy League degrees have proven themselves to be freaking retards. Who ever thought that it would be a good idea to invest in the subprime home loans? How does it make sense that risky loans packaged together can be safe, AAA-rated investments? Warren Buffett warned that this defied all logic. And if you ever even watched the news, you would know that the pundits have been warning about the impending "burst" of the housing "bubble" for the last decade. Furthermore, home prices have been inflating out of reach of average consumers, so it has been obvious that the trend couldn't continue. So as for the home mortgage piece of the economic puzzle, the writing has been on the wall.
2. This is a turning point in history for the ideology of government's role in economics. The politicians and business leaders who clamored for relaxed regulations and free markets now have egg on their faces. These same people are now asking the federal government to buy out bad investments and partially nationalize private companies. Sensible regulations could have avoided this mess, but lawmakers listen to campaign donors instead of reason. The derailment of the free market train is leading us to a new economy in which government will be much more involved.
3. There has been something fundamentally wrong with the American economy for a long time. Politicians like George W. Bush and John McCain have expressed optimism for so long because they are wealthy and isolated. However, average people have seen their earning power and job stability declining for decades. Globalization and bad policies have allowed the U.S. to sink in world markets rather than lead them. Our leaders need to recognize the fundamental problems rather than be satisfied with their personal wealth.