George W. Bush does seem removed from economic collapse, but so do Congress and, most ominously, Federal Reserve Chairman Alan Greenspan.
Anecdotal evidence indicates decline in all sectors of the economy, beginning six months ago.
Alan Greenspan has to get on it. The good news is that high-ranking Bush officials, still in private, finally are frightened by the economy they inherited. The bad news is that they don't know what to do about it. Bush's monetary policy is to let Greenspan do it. The Federal Reserve is not doing that.