Bush defends taxpayer bailout of Wall Street

[The Northerner]

Calling the TARP decision one of the biggest quandaries of his term, the former president says he has no regrets about it. Speaking at a Bush Institute conference in Dallas, he waves off speculation about his legacy.

Reporting from Dallas — President George W. Bush, delivering his first remarks on the economy since leaving office, on Tuesday defended his 2008 decision to use taxpayer money to bail out Wall Street and said it was among the most difficult quandaries of his presidency.

The decision "contradicted the principles that I told the American people I stood upon, which is the markets are the best way to allocate goods, resources and services," Bush said. "And that decision was to use taxpayers' money to bail out Wall Street in order to make sure that we didn't have an economic disaster.

"I can't prove that we were going to have an economic disaster, I can just tell you we didn't have one. And I have thought often about this decision. I will just tell you this: Had I had to make it again, I would make the same exact decision."

Read more: http://www.latimes.com/news/nationworld/nation/la-na-bush-20110413,0,136924.story

[spanone]

1. 'Bush Institute conference'???? insulting to all americans

[Turbineguy]

2. Was it a decision

or did he just get lucky?.

[inna]

3. big deal. so does Obama.

[GreenTea]

4. Is bro Jeb going to step in at the last moment save the repugs in 2012-Who wants another Bush?

For four or eight more years - America would then be a complete & total corporate fascist state - The Bush's love that thought.

[inna]

5. doesn't take a bush, apparently