1913, the year the Federal Reserve was created, actually came before 1929, the year of the crash. And the problems now have come after -- not before -- a century of you guys ramming through enough regulations and social programs to make America's the biggest state in the planet's history.

Thus, we do not have a free market. And Bush's recession can't be blamed on the free market, anymore than 9/11 can be blamed on a pacifist foreign policy.