Bush abandons free market principles

Do I even need to comment on this...you have got to be kidding me. This has got to be one of Bush's dumbest comments. So let's abandon solid principles because it may be too difficult of a storm for us to weather? Let's abandon sound principles for principles that have never proven to be effective?

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  News & Politics

[Aeschylus]

Bush ≠ conservative.

Bush ≠ libertarian.

In matters of spending and the size of government, Obama is not the anti-Bush, but the über-Bush.

[Eric Brown]

The bottom line is that 8 years of Bush have led to 8 years of Obama. Bush was a failed president and we still have his operatives dictating to the GOP and controlling the GOP in the liberal Republican establishment. Class A example is Karl Rove, the architect of a permanent Republican minority.

[1kings1918]

The poster should have given context to the video. This comment was given to justify the TARP bank bailouts that betray the profit and *loss* aspect of the free market system.

[1kings1918]

Keynesian teaching is so universally taught and universally practiced, that it is the default answer given without thinking. This Bush statement following action shows a core lack of understanding and trust that Bush had in "the free market system" that he was trying to save.

[SaulOhio]

You can't save something by abandoning the principles by which it works.

Bush was an idiot. But I have to admit I got fooled into voting for him because he talked free markets. It was all talk.

[thebertholds46]

I don't doubt the clip, would just like to see it in context. Anyone know of a video of the interview?

[jbranstetter04]

That would most likely be unconstitutional and a violation of the peoples rights. But then again, if no one says anything about it, who cares. Like when Bush bypassed the congress and bailed out the auto industry without legislation, legislation that he requested. When it was stuck in the Senate, the Supreme Ruler Bush just made up his own law. He just used money form the bank bailout to bail them out. I think I was the only one condemning him for it, even though I'm a republican.

[mdranias]

Very pragmatic answer. A good king should have a bunch of ways to raise money. For instance, Bush could have used his power of rendition to kidnap people and then sell the people back to their families for a large ransom. We could make a profit and pay down the deficit. And it was done all the time in the middle ages so it cant be that bad.

[jbranstetter04]

And I'm glad that he did it. The Bank bailout (TARP) that Bush initiated is all paid back and made the government (taxpayer) money on the deal. What Bush did made a profit, however, what Obama added to TARP took that profit away and more. Whether TARP had to be done or not is debatable. But what is not debatable, is that as initiated and put into law by Bush, it was all paid back and it made a profit.

[ThaigerDon]

that's straight from the horses mouth