Bush "I've Abandoned Free Market Principles To Save Free Market System".

[gargamel6699]

I just can't see how anyone could support this idiot and then hate Obama. I'm no Obama fan, he's just a politician but this guy....

[stutwostep]

This man will arguably go down in history as the worst president our country has ever had.

As a democrat, I can say I will respect any Republican who holds the false flag neocons and their ideations about world domination in as much contempt as they hold any big government machinization. George Bush was not a conservative; he was a businessman who held the dollar first, America second.

[EGarrett01]

@stutwostep

I'm pretty sure the President that caused the country to go to armed war against itself (Buchanan) was worse.

[igorolech]

bush's an idiot. he's not real republican.

[applefan17]

It's ridiculous how Toyota is getting blasted over recalls, when every American car I've owned over many years has had major recalls of their own (faulty seat belts, etc.), and it was either never in the news or quickly glanced over if it was. The problems I had with my Chevy's and Chrysler's caused me to question the manufacturers quality and lose interest in buying another American car, even though I wanted to buy American. I got a Toyota a few years ago and it has been pretty solid so far.

[AOZOP]

Remember Bush saying that he has abandoned free market principles to save the free market economy. That's it nothing more. Not socialism, facism, etc.. Just what is a tried and proven solution. FDR, Iacoca, etc.

[erickjansenio]

ron paul 2012

[gosuns08]

what a neoconservative, this guy is no Reagan

[tennisIS4pussys]

What a fool, bailing out the auto industry was a horrible idea, Ford is the only one of the big three that didn't take any money. Ford is also the only one of The Big Three that DIDN'T go bankrupt. Ford is also the one with the most profit in the past year. Our big government bailing out big businesses are terrible for the economy, I wished Obama and Bush thought the same way

[FoolMagazine]

Hey, give him a break; it sounded good in his head.

[Taiyama2]

You know, I have one thing to thank Bush very much for: his ineptness and hypocrisy cured me of my partisan republicanism. I'm now a libertarian who has abandoned both parties.

[tennisIS4pussys]

@Taiyama2 libertarians are considered republicans

[Taiyama2]

...No. No, they're not. Where on earth did you get such a silly idea? Or have you not heard that libertarians have their own political party?

[CubsFan2006]

Not even close!!!

[ExquisiteDoom]

Hahahaha , this is doublespeak at it's peak, very funny.

[kennedy7955]

Bush abandoned free market principles well before there was a recession and these comments.

[TimeWarp66]

@kennedy7955

So true.

[Newclearson]

hmm....listning to talk radio one would think that obama came up with this strategy...but NO, we have a one party system that fools people into thinking it is really 2...haaaahaaa weeeeeeeeeee!

[geeseteeth]

capitalism is not the problem, greed ridden corporate capitalism is. people before profits.

[ExquisiteDoom]

you are so dumb...

[borbel46]

lololol

[Dereck89]

It might seem to make no sense, but abandoning free market principles may be needed ta save free-markets. Free markets have already lost much credibility and countries are turning to protectionistic solutions Solutions that will severely hurt the global partnership, developing countries and in the end western countries as well. Bailouts is a way for stabilizing the economy, and when this has been done, free-trade will grow again (hopefully)

[inertia186]

So how's that flavor of Kool-Aid working out for you?

[Kitchell2112]

Bailouts were designed to ripoff the people not help the economy.

[backrubs62]

gawd hes a freaking asshole

[VietnameraVet101]

This statement reminds me of one made during the Vietnam war when someone, referring to a village that was destroyed buy US forces said, "It became necessary to destroy the village in order to save it!!???" Likewise, "I have abandoned free market principles in order to save them!" Bush is the poster child for the "dumbing down" of America! But if there is a disaster as a result of his policies we have only ourselves to blame!

[dnno1]

There is no free market. The U.S. is a managed economy.

[mickeysears]

Now your just being an apoligist. We don't have to become socialist or communist. We have set the standard for the world and the rest of the world now wants a piece of the dream. You cant blame them. But since they started with basically nothing, a little seems like a lot to them. That's why they accept less. But as their economies get bigger they too will want more. As the American economy drops the others will rise. We will meet in the middle somewhere and that's when everthing will equalize.

[MrAmericanMe]

excellent point!

[mickeysears]

FOR THE LAST TIME. Government intervention doesn't produce anything except prolonging the very thing it's trying to fix. Protectionism didn't work in the 1700's, didn't work in the 1800's, didn't work in the 1900's, and it won't work in the 2000's. you can strongly disagree but you can't deny the facts. americans want to buy cheap but they want exorbitant pay for themselves. The game is over and the Americans lost. The sooner we accept that the sooner we can compete. The world won't wait for us.

[nocturnezero]

@mickeysears ...Didn't work in the 1800s? The 1800s was a time when the free market flourished. Unemployment and wealth disparities skyrocketed.

[fieldman07]

@nocturnezero

Free market didn't exist in most of europe.  Mercantilism was the system prefered in the 1800's.

[mickeysears]

I agree this is no longer Capitalism and is the whole point of this video. The US has abandoned capialistic free market principles and the rest of the world never adopted them. That's why we are in the mess we're in. But you can't have a free market when you have government intervention. Protectionism doesn't produce a free economy, it produces a closed economy and actually hurts the very people it's suppose to protect. Read the rest of that Wikipedia definition instead of the first sentence.

[mickeysears]

"Like it or not it is a globalized economy one we cannot compete in."

Well we better learn to compete in this type of economy because it's not going away. It's only going to get bigger. If foriegn companies find it too expensive to sell to a protected country then they will sell elsewhere as other countries demand starts to increase. America is not the powerhouse it was. As product availability is reduced, prices increase by reason of demand. All your doing would make everything more expensive.

[mickeysears]

Expensive products mean the demand will drop. Americans will make due without. Jobs won't be created. You're calling for the same kind of policy that's been getting us in trouble in the first place. Trying to prop up an unviable inflated system through government intervention. Americans have to accept a smaller economy and work toward it or it will collapse. Less pay and consumption is OK with small government, less taxes and cost. It's less pay and expensive everything else that's a problem.

[RyanNabb]

Which this country is seriously lacking... Nothing is made here we import everything that is a recipe for disaster... We are exporting jobs daily to foreign countries under our current policy. Cutting a tax here and there is not going to get us out of this rut. THERE ARE NO JOBS BEING CREATED TO LIVE WITHIN OUR MEANS. Importing every single damn thing is killing America along with big government, debt and high taxes like you said.

[RyanNabb]

Protectionism is the economic policy of restraining trade between nations, through methods such as tariffs on imported goods, restrictive quotas, and a variety of other restrictive government regulations designed to discourage imports, and prevent foreign take-over of local markets and companies. This policy is closely aligned with anti-globalization.

[mickeysears]

Funny that you comment is the exact definition of Protectionism from Wikipedia. If you want to actually learn something get your head out of a book and see what it means in the real world. There are plenty of jobs available in the US. They just don't pay $50 per hour with benefits anymore. And they won't. And no government policy can artificially make that happen. Americans will have to learn to live within their means. That means earning less and buying less. Just like government.

[RyanNabb]

That was done on purpose... The copying and pasting... All the defs say basically the same thing. I agree with everything you say except protectionism. Your expectation is to continue growing jobs through what??? Construction? Healthcare? Some sort of service? Almost every job here is service driven. Thats the the problem Mickey. You can't live within your means if you don't have a job! Jobs are going to be few and far between soon.

[mickeysears]

"You can't live within your means if you don't have a job."

Sorry but that's exactly the time that you do need to live within your means. Like I said before, there are plenty of jobs available. They just don't pay $50 per hour. Just because someone had one before doesn't mean that they are always going to be entitled to one in the future. Government can't regulate or inflate our way out of this. The free market has to be allowed to work. Capitalism produces jobs, not protectionism.

[mickeysears]

Actually Protectionism wouldn't do a thing for us but export more jobs and make products here more expensive. Whether you want to admit it or not we are in a global market. A company will go to where they can produce a product and sell it where they can make a profit. Your basic argument seems to be that if we tax imports to make them more expensive they will make the products here. But what are you really doing?

[mickeysears]

It's no secret that America has a higher standard of living and therefore our jobs must pay more to support that style. The fact is we are in global compitition and we must realize there is only 2 ways to go. Either the rest of the world must be brought up to our standard of living or that America must come down to the standard of the rest of the world. Your idea trys to prop up our standard and not address the other side. We have been living beyond our means for a long time now and must change.

[mickeysears]

We can't continue to believe we can live better than the world with higher than average paying jobs and more consumption. Just like I said about government, we the people must start living within our means. We will have to accept lower paying jobs, less benefits, spend less money, and stop believing we're entitled. Protectionism will only further erode our economy. Smaller government and less taxes will allow us to accept the jobs as they are available and live on less.

[conservativefunds]

Wow, he actually said that?

[ziad1428]

i hate long comments. can't you be short and make sense in the same time??

[mickeysears]

No.

[mickeysears]

As I said before, Thge first thing that has to happen to get our economy back on track is to reduce government spending to produce budget surpluses and reduce total debt. this will effect the value of our dollar against foreign currencies. That will deter foreign takovers. The reason why foreign companies our buying up our assets is because the dollar is cheap on the world market.

[mickeysears]

We also need to reduce the size and scope of government. Reduce what we're asking it to do. To prevent, as you say, a global government and soviet union style collapse we must make sure that our government is smaller and not styled after the Soviet Union. Reducing governments cost will reduce taxes needed and that is the best way to produce jobs. Jobs have never been produced by raising taxes in any sector.

[RyanNabb]

I agree with you on reducing the size of government... Maybe there hasn't been any success in raising taxes because they raise the wrong taxes on the wrong things. We imported roughly 1.5 trillion dollars of goods from China.... So how do you expect USA business to compete with them if they can import goods here less than we can make them here because of the slave labor and our big unions etc.?? Seems to me raising import taxes would create more jobs and

[RyanNabb]

Keep existing jobs from heading overseas. That combined with lowering taxes domestically instead of keeping them low for international companies is a win for America and a loss for global government.  I don't know about you but I don't think the big 3 are selling any volume of cars in Europe, Asia, India, Japan etc. Auto's are just one example. Are any tv's made here?? Is anything made here! How are we sustaining as a country importing everything??? Yet raising taxes on non diet soda haha

[RyanNabb]

Good talk. I love a good policy talk. I agree with 90% of what your saying but I think allowing other governments to grow on our dime and at the expense of our jobs is a bad deal for America. That's why at the APEC Summit Bush praised the historical shift from WEST to EAST.. Noting that 55% of the world economy is Asia driven. Who is driving Asia up.... China. Protectionism is an anti globalization policy.

[mickeysears]

It's the US that's driving Asia and China up. They loan us money by buying our newly printed debt securities so we can finance the crap we've been doing. At the same time we alter our foreign policy to make sure we are granting them most favored nation status and buying all our crap from them. This is a lose lose for America. That's why I say the most important thing for us to do right now is to cut spending and reduce our total debt before it's too late. That will reduce taxes and create jobs.

[mickeysears]

Taxing imports would not help our companies producing exports. More likely the countries that we would put these tariffs on would likely put there own tarriffs on our products driving down our exports and producing a much bigger trade gap. Chinas slave labor creates cheap crap. The only way to compete is to produce quality and let the public decide.

[mickeysears]

Bush never abandoned"Free Market Principles" He never had them. In last 8 years he expanded the government more than in it's entire history. He doubled the size of the education and military depts and created a huge beauacracy of Homeland Security. He was always for big government. But you don't save our economy through protectionism. You save it by reducing the cost of government to surplus debts, pay down what we owe, and let the free market handle the economy with government intervention.

[mickeysears]

Sorry. Without government intervention.

[mickeysears]

That is probably the most incredible ststement I've ever heard him say. And that's saying something.

[fedorvonbock16]

he is right u have to pump money into the economy in this times. 14 billions is nothing it is change in gorvemetal world.

[mickeysears]

Pumping money into the economy is what got us into this in the first place. How do you fix inflation with more inflation? Do you lose wieght by increasing your calories? Do you empty a tub by adding more water? If it didn't work the first 20 times you do something why are you doing it again?

[Unkn0wnGuy]

Bush has clearly surrounded himself with the right people.

[coultrane]

Bush: "I'm abandoning free market principles to save the free market systems."

Incredible.

[coultrane]

He feels a "huge obligation to his successor to avoid an economic disaster." HOW ABOUT YOUR OBLIGATION TO THE FUCKING AMERICAN PEOPLE!

[zeroxpectations]

I love the pretty background. Nice Christmas decorations and lighting. Merry Fu**ing Christmas to you, you lieing piece of sh*t! Your an elitist as is 95% of the current politicians of BOTH sides. The two party system needs to dissolve if we are to save ourselves. Not only has this azz clown placed the US taxpayer in bondage, but so has CONGRESS as a whole. When are the American people going to tire of this sh*t?

[mmm413]

Dare I say "f***ng liar?  Yes.

[centervilletn]

he doesnt want to make it worse...worse for whom? cause this will bury the taxpayer and enslave us for decades...that is if this "abandonment of free market principals" doesnt collapse the whole kit and kabootal..then we have chaos on the streets...and i dont even want to think about how that will turn out...

[beckner4200]

hah nice dude.

I love how he sais it so casually and honest.

[cheekieweekie]

Whatever rips off the people for some more bux for his friends - this feckless liar has cost us all dearly. 1 more month and he's history. I've got to go mail him another shoe...

[zeroxpectations]

He isn't the entire problem. Congress is.  Politician's are. Lobbyists are. The entire system is corrupt. What is the solution? I can tell you it won't be a politcal one.

[zeroxpectations]

spelling error: political. ;)

[PealMoon]

??????????

[RyanNabb]

Bush is a phony small government conservative..... He's the worst president ever. Even worse than Jimmy Carter.

[jpbalkenende]

Hmm quant pick seeing as Carter was a pretty unremarkable mediocre president. Certainly not one of the 5 worst. I agree with your second sentence though.

But just as there are no atheist in foxholes there are no conservatives in economic crisis. Not any with any real responsibility anyway.