Bush makes case for free-market’s role in crisis

[Amerigo Vespucci]

Source: MSNBC

NEW YORK - President George W. Bush asserted Thursday that the global financial crisis is “not a failure of the free market” and urged world leaders to adopt modest financial reforms that stop short of the tighter regulations Europeans favor.

“Our aim should not be more government. It should be smarter government,” Bush said during a speech in New York, a day before about two dozen world leaders converge on Washington for a weekend summit he is hosting.

Bush called on the leaders to embrace “reasonable” reforms, saying changes won’t work if they shun the free market system or restrict trade.

The president delivered a vigorous defense of free-market capitalism and easier global trade to frame his approach to the high-level gathering. Bush invited representatives of some of the world’s biggest industrial democracies, emerging nations and international bodies to Washington to start developing a more coordinated world response to the economic woes that have millions of people struggling to keep their jobs, their homes and their hopes.

Read more: http://www.msnbc.msn.com/id/27698354/

[VaYallaDawg]

1. Smarter government, coming right up.

[Guy Whitey Corngood]

2. And we should listen to this waste of hyena DNA because??? n/t

[aquart]

11. Unfair to hyenas!

[Guy Whitey Corngood]

12. I apologize to all hyenas who actually serve a purpose within our ecosystem. nt

[indepat]

3. If the financial crisis is not the failure of the free market, why has Uncle Sam poured in more than

$3 trillion as a down payment to partially mitigate the widespread fraud, greed, recklessness, ineptitude, and lack of transparency during a period of government lazy fair wherein the boys were allowed to be boys and privatize their huge profits and stick the taxpayer with their trillions of dollars in losses? :P

[whosinpower]

14. Oh - I can answer this one!

Because you had a DUMB government - not a smart one!

Hehe - so says George!

[damntexdem]

17. For one thing, the free market has shown itself to be mislabeled --

at trillions of dollars in losses and bailouts, it has been anything but free. ;-)

[Zorra]

4. Bu*h is an awesome weathervane. Just do the opposite of what he says,

and you can't miss.

[Democrats_win]

5. The Free Stooges were funny but falling off a cliff isn't

[Bushies gotta go]

6. Heh Heh, Heh Heh, he said smarter government.

[skeewee08]

7. See what happens

when he speaks the Market keeps going down, down, down, and the rethugs have the nerve to blame the market on Obama.

[aquart]

8. And everybody ignored him.

[depakid]

10. Yep- earlier today I wondered when that was finally going to happen

[damntexdem]

18. Oh, he wasn't totally ignored -- the market DID dive further.

Some of that may have been fear that he wouldn't be ignored.

[santamargarita]

9. 69 days, asshole!

Get the fuck out!

[judasdisney]

13. Obama's Fault

Why hasn't Obama fixed the economy yet?

The "Obama Depression"

"Prices have quadrupled since Bush left office"

"The Free Market could have solved everything, but Democrats re-regulated"

"Democrats had the White House and complete control of Congress, and they gave us a Great Depression"

Enjoy the sneak preview? Get used to it.

[HughBeaumont]

20. "It's been -70 days!!! WHY hasn't Obama SOLVED anything yet?"

Oh, it's been starting from minute one, after around 11:00 PM, Nov. 4th. I look forward to another 4 years of football-field jawed Repuke talk show hosts blaming Obama for years of Republican/Corporate failure. It's going to be low comedy.

[OwnedByFerrets]

15. God, I wish we could be rid of him right NOW!!

[damntexdem]

16. Oh, we've seen the "free market's" role in the crisis already.

It brought it on. Now we need some hefty regulation to tightly bind the free market so it can't to there again, assuming that we can pull out of the dive the free market already put us into.

[jmowreader]

19. Shrub, are you SURE you want smarter government?

Seeing as how the smartest thing any government could do is to throw his sorry ass in jail for...well, choose any ten atrocities...I'm not sure Shrub wants a smarter government.

Right now, though, I think the financial sector wishes they were still regulated, seeing as how deregulation worked SOOOOOOO well!

[Amonester]

22. the financial sector ENJOY$ the BIG GOVERNMENT that keeps on giving...

... giving, and giving HUNDREDS OF BILLIONS (even TRILLIONS) of 'out of thin air' money, day in, day out, and THAT BIG GOVERNMENT is george dumbya bush's rEPUBLICAN GOVERNMENT!

why, ohhh why is THAT dumbest of the dumbs STILL IN CHARGE BABBLING HIS never ending CONTRADICTIONS?????????

[lumberjack_jeff]

21. Bush advocates for smarter government. News at 11. n/t

[Amonester]

23. Will someone sane please Remove bush...

and lock him away in a padded cell for life?

Or do we have to wait until he destroys everything? (since we're almost 'there' already...)

Thanks.

[Duppers]

24. "Smarter government" Hahahaaaaaa!

Asshole, we are going to have smarter govt.