By Matt Latimer

As a speechwriter for George W. Bush during the final years of his presidency, I’d seen crises and controversies. But nothing prepared me for the imminent collapse of America’s free-market system.

I was in the Eisenhower Executive Office Building with another speechwriter, a young man named Jonathan. (His last name was Horn; the president nicknamed him Horny.) We were chatting casually when the president’s favorite speechwriter came in. Chris Michel was in his midtwenties, with sandy blond hair. He was usually chipper, though at the moment his face was so pale he must have been the whitest man in the Bush White House. And that was no small accomplishment. Chris had just come from a secret meeting in the Oval Office, and without so much as a hello he announced: “Well, the economy is about to completely collapse.”

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