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Bush: "I've Abandoned Free Market Principles ..."

submitted by mintbbb

1 decade 5 years 11 months 1 week ago

To save free market."

LiveLeak: 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. On CNN, Bush claimed he has "abandoned" the free market in order to "save" it.

5 Comments

He obviously didn't save sh*t.

But hey, the taxocrats abandoned free market principles--and freedom--with FDR.

I like this Bush. Quieter, penitent. He's no longer ignoring reality.

Christ he looks old now.

doesn't it make you feel good to know that, even though he allowed the american economy to collapse to almost near ruin (effectively annihilating retirements and purchasing power, in general), that the "system" was saved so that, "future wealth" (in theory) can be preserved?

I mean, it's as if he's saying, "F*ck anyone who isn't wealthy, so long as me and my cronies are heeled. Let the current generation of Americans get their own damn trust fund, like me"

Sniper007 says...

Hold on a second here... In order to ABANDON something, you at some point in the past have to ESPOUSE it first. Bush knows darn well that he has hated the 'free market' since the first day he set foot in any political office. Case in point, "That is why the President has actively sought to open markets..." ACTIVELY sought to OPEN markets?! Ah, hello? A free market can't be OPENED by the mother effing president. Any economic action he takes whatsoever is by definition using the coercive power of the state to privilege one group of people over another group, also known as LEGAL PLUNDER.

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