Posted on 11/13/2008 7:13:29 PM PST by Kaslin
Milestones: European leaders gathered in Washington for the G-20 summit are pushing for an end to American-style capitalism. But on Thursday, President Bush made it clear that ain't gonna happen on his watch.
A few remarks in particular caught our attention:
"History has shown," Bush said, "that the greater threat to economic prosperity is not too little government involvement in the market, it is too much government involvement in the market."
He went on to show how this was the case in the U.S. with Fannie Mae and Freddie Mac, which were created by Congress and lay behind the whole subprime mortgage mess that later begat our current financial meltdown.
From all this, Bush said, "There is a clear lesson: Our aim should not be more government — it should be smarter government."
And he took it even further, to what he called the "most important principle that should guide our work: While reforms in the financial sector are essential, the long-term solution to today's problems is sustained economic growth. And the surest path to that growth is free markets and free people."
(Excerpt) Read more at ibdeditorials.com ...
This speech should have happened during the summer, and the atrocious “bailout” should have never happened.
Too little too late....
“There is a clear lesson: Our aim should not be more government — it should be smarter government.”
The president apparently forgot that “lesson” when he signed the Paulson monstrosity into law a few weeks ago.
Too little, too late.
Indeed. Glad he had his say but geez it would’ve been apt had he let the markets fail without a bailout (and only offered enough dough to help restructure sour home loans for 1st time owner low-income families).
And yes once again the World is telling the USA how to operate.
He was wrong, as usual. The answer is less government. He is like the socialists who think they will get it right this time.
Yes, gorge thinks it should be so big it has to be smarter. ROFLOL,
Bush 41 & 43 have so weakened the Republican Party, Obama and the moonbats will be firmly in charge thanks to Bush.
Too little too late . . .?
That is why this crowd supported Obama for President.
They wanted Change.
So, President Socialist starting to see the light? Feeling a little remorse perhaps?
Amen. Amen. Amen.
Bump for Fri. reading
I keep getting the feeling we’re irretrievably careening towards overt socialism. Whether it’s vanilla, chocolate, strawberry, peach, mint, or rocky road socialism, it hardly matters. I detected some time ago that Congress was at war with the citizens of the US, but now that the electorate has affirmed their surrender to this vile gang of thieves and furthermore elected an unabashed socialist...it seems like we’re on railroad tracks that inevitably lead to that end.
I keep getting the feeling we’re irretrievably careening towards overt socialism.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Picture someone in a hospital emergency room, in casts from head to toe, the result of a collision with a utility pole, he regains consciousness, cracks one eye open and says,”I keep getting the feeling we’re irretrievably careening off the road”.
That person in the casts is you.
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