Understatement of the Year

George Bush: "I readily concede I chucked aside my free-market principles when I was told ... the situation we were facing could be worse than the Great Depression," Bush said. "(But) we've taken extraordinary measures to deal with frozen credit markets (that) have helped thaw the credit market."

I'd say. Nothing like injecting more socialism into the mix to make things worse and last longer than they would have (Inflating the money supply, having the government take partial ownership of private companies, bailing out corrupt power brokers, and still not reforming any laws to make sure this can't happen again).

Now we'll have masss inflation to look forward to as well as a failing global economy.

Of course, things are so screwed up that might have happened anyway.