WSJ columnist blames financial crisis on the War on Christmas.

In his Wall Street Journal column today, Daniel Henninger argues that the “unprecedented economic ruin” that many Americans are facing is a casualty of the War on Christmas because “a nation whose people can’t say ‘Merry Christmas’ is a nation capable of ruining its own economy”:

Notwithstanding the cardboard Santas who seem to have arrived in stores this year near Halloween, the holiday season starts in seven days with Thanksgiving. And so it will come to pass once again that many people will spend four weeks biting on tongues lest they say “Merry Christmas” and perchance, give offense. Christmas, the holiday that dare not speak its name.

This year we celebrate the desacralized “holidays” amid what is for many unprecedented economic ruin — fortunes halved, jobs lost, homes foreclosed. People wonder, What happened? One man’s theory: A nation whose people can’t say “Merry Christmas” is a nation capable of ruining its own economy.

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.”