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Bush: ‘I’ve Abandoned Free Market Principles To Save The Free Market System’

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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-17-08 06:20 AM
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Bush: ‘I’ve Abandoned Free Market Principles To Save The Free Market System’
President Bush has repeatedly touted his adherence to free markets throughout his term. “Free markets remain the best way to promote growth, create good jobs, and ensure rising living standards. That is why the President has actively sought to open markets,” Gregory Mankiw of the Council of Economic Advisers explained in 2004.

But amidst a deep recession characterized by $8.5 trillion in various bailouts, Bush’s laissez-faire ideals are a distant memory. Today on CNN, Bush claimed he has “abandoned” the free market in order to “save” it:

BUSH; Well, I have obviously made a decision to make sure the economy doesn’t collapse. I’ve abandoned free market principles to save the free market system. I think when people review what’s taken place in the last six months, uh, and put it all in one, in one, (sigh), you know, in one package, they’re realize how significantly we have moved.

http://thinkprogress.org/2008/12/16/bush-free-market/
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ProfessorGAC Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-17-08 06:25 AM
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1. And Folks Here Still Think He's NOT Dumb
I see "evil genius" stuff here all the time, but all one need do is hear this kind of gibberish to know that he doesn't now, nor has he ever, had any plan, any idea of what he was doing, and he really, really wants to go home now.
GAC
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-17-08 06:25 AM
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2. If you needed any more proof that W is batshit crazy
there it is. Neoliberalism is dead.
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Veritas_et_Aequitas Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-17-08 08:16 AM
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4. I sure hope you're right.
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Berry Cool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-17-08 07:09 AM
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3. He has to destroy the free market in order to save it.
Yeah, whatever you say.

Don't worry, it'll all be over soon and you'll be back in Beddy with Teddy and Blankie.
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