Posted on 12/16/2008 3:08:12 PM PST by Star Traveler
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."
(Excerpt) Read more at breitbart.com ...
He will always be hated by the libs. He's abandoned the conservatives and so he is a man on a ship with no port to dock.
If you stand on principles you are judged on what you know in your heart and soul to be what is true and just. If he had a depth of convictions that told him to "bail" out the UAW and the golden parachutes of GM/Ford/etc.... was wrong, then defend it.
What about the bailout for
Abbott Motor Car Co. Detroit, Michigan,
Crawford Auto. Co. Hagerstown Md.
Farner Motor Car Co., Streator Ill.
Columbus Buggy Co. Columbus O.
Gaeth Auto. Co. Cleveland O.
Jackson Auto. Co. Jackson Mich.
Kearns M. Buggy Co. Beavertown Pa.
USA Oakland Motor Car Co. Pontiac, Michigan
Rauch & Lang Car. Co. Cleveland Ohio
Santos-Dumont- Columbus M. V. Co. Columbus O.
yeah... I guess we all died in the USA after these companies failed to get bailed out.
just sit there like proles and let the Inner Party tax your lives away. Trillion here, Trillion there....after awhile it adds up to real money, I guess.
What a joke. When is the first person in Washington going to stand up and admit that they are going to inflate their way out of this mess.....
Then the fun starts, cause it's going to be like musical chairs, except it's going to be the last man holding the worthless pieces of paper trying to buy food that is going to cry.
All the while kennedy, barney franks, the democrats will sit back and blame it all on Bush and the Jooooossss.
We are screwed. My advice is to educate your children and keep them away from buying into the B.S. philosophy of "buy the latest doo--daa in order to be happy." The left wants us all in debt and starving. They just might succeed.... but then bad things happen to those in charge when the feces hits the fan.
QSL that!
"I've abandoned [the] free-market principles [in order to appear] to save the free-market system"
Egads. Just shadup and go home to Texas, dubya. You've dug us a deep enough hole.
I always found it fun to visit banana republics but now must learn to live in one.
I disagree with the basic premise of your analogy- that you can save the patient by something other than free market principles. Of course Bush and Cheney have not done a good job of practicing free market principles, so it is no wonder they are willing to sacrifice them. The economy, or patient, is indeed very ill, so it is imperative that free market principles be applied immediately. Government intervention is responsible for the economic meltdown, and we need it to cease pronto to have a chance at lessening people’s misery.
Bush's legacy is Obama.
“On the other hand, we could try... “We took the patient off life-support to see if he could survive... The funeral will be Friday....” LOL...”
LOL...yeah, okay.
Seriously, IMO, Keynesian-style relief packages are popular with governments because they involve doing two things that governments know how to do. One is spending money. The other is extending their control. By the later, of course, I mean by maintaining redundant structures that probably needed to pass anyway, ie, loans to non-payers.
Once implemented, they tend to drain available liquidity in order to pay for them. On one hand, taxes and other measures have to be increased. On the other, more money will need to be printed and rates cut, raising inflation.
Most importantly, they generally do nothing that the market, the splendidly adaptable beast it is, wouldn’t have accomplished on its own. Here on the West Coast, the real estate market was already recovering before the so-called bailout took place. The transition to a new paradigm would have been painful, as it always is, but it was happening.
All these ‘bailout plans’ do, IMO, is put pressure on the economy with no real benefit to the consumer. All to the benefit of power elites and their constituents-at least ‘til the back breaks and we’re stuck with a real depression.
! :-)
LLS
I have a question that will probably get me hammered.
This report is from CNN, right?
I don’t watch CNN. So did Pres Bush actually say this, and in what context if he did?
Just call me a cynic. I don’t trust CNN.
Correct, you are a perfect example of a “compassionate conservative” aka statist.
Almost impossible to respond to such a despicable act. “Sacrificed it to save it”... Absolute, total, unmitigated B.S.
We are prisoners of the Central Banking System now, folks. Absolute prisoners. Within the walls of that prison a rapid decrease in personal, key Freedoms will now take place (those that remain). A careful guise will be maintained to ensure only those most in tune will realize what is actually transpiring. And they will be silenced.
Shout me down, attack me personally, do what you wish. If you fail to research, analyze, discover, recognize, correlate, and/or make an individual commitment to learn the truth, YOU will be part of the problem and not the solution.
As an aside, I’ve noticed a telling trend of Bush being quoted as saying “I’m sorry” in these articles. Every one of them about the bailout, the economy, and the financial crisis includes a quote of him saying “I’m sorry”. I’m sure he is... I feel better now, don’t you?
You mean on top of the 10 or 11 trillion debt we’ve already got?
It's pretty well established that "abandoning the Free Market System", not only did not stop the Great Depression, it likely created it from what woudl have been a garden variety "panic" or what we now call a recession, albeit a fairly severe one.
Not learning from history, we're doing it again.
Of course what ended the Great Depression was WW-II. WW-III would likely end the depression, and probably civilisation for some decades or centuries as well.
Well, one thing perhaps will follow the failure of this massive creation of credit and money to cure the problem caused by massive creation of credit, we will once and for all be able to shelve and bury Keynes and socialism. Of course, many of us will be staving as a result of this idiocy.
Water on the brain, had to amputate.
In fact that might cure El Jeffe Bush of some of his ills.
I've now spoken with 4 people I know who've been in production lines of industry in excess of 15 years a piece. They have told me they see financial tighting, around Christmas time, every year there is a Presidential election. A lot of money that would have been going to multiple parts of the economy instead gets channeled into... campaigns. Add this, plus "Dem chickens coming home to roost", add some other natural disasters.. and voila!
I think the U.S. is going to come through this just fine, not without a struggle or a tightening of the belt. But the U.S. will come through this.
I'm still in "wow" over the Feds move today lowering the interest rates. *wow*
Now, anyone who knows me know precisely how little I think of the NEA. However, I was against such a move. And I was a lone voice amid the seas of "kill! decapitate!". Why was I against such a move? Purely and simply because of what such a move would have done to every single state's economies. It wouldn't have just put teachers and administrators in the unemployments lines; but also the parents of the children who used to go to schools, etc. and on down the line.
I think matters which are that entrenched inside the system, that to decapitate it, kills also the very engine the enemies of freedom wish, ultimately, to kill outright.
LOL! Quick! Everyone, into the cave. NOW!
lol! Stop that. Yep, these are the very *last* days of FR. No more money, everyone’s gonna be wishing for the good old days of Hush Puppy shoes.. and think of that one guy with anger management issues, throwing two perfectly good shoes away. What a Waster!
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