For all the noise they make extolling small town America and Main Street as the epitome of American values and the touchstone of morality, conservatism's world view is much closer to that voiced by Phil Gramm, who once called Wall Street a "holy place" — because of all it has "done for the working people of America." Little more than two years after Gramm uttered those words it seems righteousness of a deregulated financial sector comes not what it has allegedly done "for" working Americans, but what it has done to them.
That is, if you're a conservative — because, then, we are not in the middle of a crisis, but rather a correction.
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