George Bush: “I’ve abandoned free-market principles to save the free-market system.”
December 18th, 2008Double plus good, comrade! * Queue applause *
Each step was so small, so inconsequential, so well explained or, on occasion, ‘regretted,’ that, unless one were detached from the whole process from the beginning, unless one understood what the whole thing was in principle, what all these ‘little measures’ that no ‘patriotic German’ could resent must some day lead to, one no more saw it developing from day to day than a farmer in his field sees the corn growing. One day it is over his head.
Via: AFP:
US President George W. Bush said in an interview Tuesday he was forced to sacrifice free market principles to save the economy from “collapse.”
“I’ve abandoned free-market principles to save the free-market system,” Bush told CNN television, saying he had made the decision “to make sure the economy doesn’t collapse.”
Bush’s comments reflect an extraordinary departure from his longtime advocacy for an unfettered free market, as his administration has orchestrated unprecedented government intervention in the face of a dire financial crisis.
“I am sorry we’re having to do it,” Bush said.
But Bush said government action was necessary to ease the effects of the crisis, offering perhaps his most dire assessment yet of the country’s economy.
“I feel a sense of obligation to my successor to make sure there is not a, you know, a huge economic crisis. Look, we’re in a crisis now. I mean, this is — we’re in a huge recession, but I don’t want to make it even worse.”
At a G20 summit last month in Washington, Bush resisted some proposals for global financial regulation and argued free market principles still held true despite the global economic downturn.
And administration officials have also referred to the primacy of the free market when discussing a possible government bailout for the troubled US auto industry.
In the interview, Bush said that a “disorganized bankruptcy” of the carmakers could create “enormous” economic difficulties.
But the US president has yet to announce how his administration will proceed amid calls from Detroit automakers and Democrats for a bailout drawing on funds set aside for financial firms.
Oh God, where is the SOCK? Who took it out of his mouth?
If I have to look, see, read, or whatever one more dog gone thing this toad has to rib-bit, his master’s will have accomplished their goal.
Driving me effing insane.
he couldn’t poor piss out of a boot with directions written on the heel, what a cowboy…
he’s another actor playing a part in the play, the big game. after they have sequestered all the funds they can, they will disappear into the sunset, and you will still be puzzling over the punch line…
fill in third paragraph…
and then we learned to ride horses again, and all the cows, goats and sheep roamed free. no bird was caged. but all took their chances every day and the wise flourished…
me then
me now
me third
me wow
help me find my friend
the third me thats yet to be
with him we can all four mend
after these a better land to see