The bubble world of George W. Bush was bound to burst.  

Based on fantasies, false promises, lies, and bait-and-switch tactics, it was destined for foreclosure.  

At home and abroad, after all, it had been created using the equivalent of sub-prime mortgages and the result, unsurprisingly, was a dismally sub-prime administration. 

Now, of course, the bill collector is at the door and the property - the USA - is worth a good deal less than on November 4, 2000. George W. Bush is a discredited president; his job approval ratings could hardly be lower; his bubble world gone bust. 

Nonetheless, let's remember one other theme of his previous life. Whatever his failures, Bush always walked away from disastrous dealings enriched, while others were left holding the bag. Don't imagine for a second that the equivalent isn't about to repeat itself.

He will leave a country functionally under the gun of foreclosure, a world far more aflame and dangerous than the one he faced on entering the Oval Office. But he won't suffer. 

He will have his new house in Dallas (not to speak of the "ranch" in Crawford) and his more than $200 million presidential "library" and "freedom institute" at Southern Methodist University; and then there's always that 20% of America - they know who they are - who think his presidency was the greatest thing since sliced bread. Believe me, 20% of America is more than enough to pony up spectacular sums, once Bush takes to the talk circuit.

As the president himself put it enthusiastically, 'I'll give some speeches, just to replenish the ol' coffers.' With assets that have been estimated as high as nearly $21 million, Mr. Bush added, 'I don't know what my dad gets - it's more than 50-75' thousand dollars a speech, and 'Clinton's making a lot of money.'"  

This is how a legacy-student-turned-president fails upward. Every disaster leaves him better off. 

The same can't be said for the country or the world, saddled with his "legacy." 

Still, his administration has been foreclosed. Perhaps there's ignominy in that. Now, the rest of us need to get out the brooms and start sweeping the stables. 

Foreclosed: The George W. Bush Story