WI: Pres. Bush matter-of-factly refers to 2008 financial crisis as a bubble?

I think it would significantly change things. Fewer conservatives would refer to it as a debt crisis. There would be more discussion of what makes for effective regulation of financial institutions.

And if you really want to wank it, there'd be the beginning of a shift from delayed feedback to rapid-cycle feedback.
 
I mean, there have been bubbles of various sorts all through human history.

How much of a stretch would it have been really, just for President Bush to say so?
 
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