Daniel Henninger's
Wall Street Journal column last week blames the economic meltdown on the so-called
War on Christmas , characterized by (among other things) saying "Happy Holidays" instead of "Merry Christmas."
After cataloging a series of complex economic factors that do relate to the financial crisis, Henninger concludes that what really went wrong is that "the steady secularizing and insistent effort at dereligioning America" led to "subprime personal behavior by borrowers and bankers."
Now, I may be just a dumb cracker from a fly-over state who writes poetry and has no knowledge of things financial, but I'm pretty sure that's
not exactly how it happened.