Posted on 11/12/2009 6:38:53 PM PST by Federalist Patriot
Here is video of former President George W. Bush today in a speech he gave at Southern Methodist University in Dallas, admitting that he went "against" his "free market instincts" when he decided to move forward with the Wall Street Bailouts in the Fall of 2008. But Bush warned:
"History shows that the greater threat to prosperity is not too little government involvement, but too much."That's exactly right. He should have stuck to his principles and instincts.
(Excerpt) Read more at freedomslighthouse.com ...
Bush sucked. Destroying capitalism in order to save it?!
I agree with him
You screwed up royaly on that one Doubya...
OK...I guess the thing I’m still having a hard time getting my mind around is why no one has bothered to do a hard-hitting investigation as to WHO was behind the big money withdrawals last fall.
The timing of the whole thing just reeks of evil doings by some entity. Why has this never been investigated? If it has, please enlighten me.
Whoops! Too late now, ain’t it, Bush?
ping
I was watching the speech, I’m glad he said it in his first public speech, but you can’t put the toothpaste back in the tube.
Sorry isn’t going to cut it. He really put a huge dent in his presidency with conservatives with that horrible decision, he already had the left against him for different reasons. That one decision went a long way to giving us Obama too.
Too little, too late. Maybe he can pretend to be capitalist next Halloween.
If only you had run, we would have been A - OK. Chris, I am sending you all of my money because you are the answer we have all been looking for. Chris37 IN 2010!
I didn’t know he had any free market instincts. It was clear from 2001 that his priority was government growth, and he hated dealing with economic issues.
“George W. Bush Admits He Went Against His ‘Free Market Instincts’ in 2008 - Video 11/12/09”
He already admitted that, pretty much as it was happening.
Bush WOT = Pass
Bush Domestic = Dismal failure
What do you mean? Bush gave us No Child Left Behind, McCain-Feingold Campaign laws, Unfunded entitlements for Prescription Drugs, a record deficit, incompetent Treasury Secretary, a war in Iraq, state-owned GM and Chrysler a stock market crash, and Barack Obama.
No surprise really, that a modestly educated and emotionally exhausted lame duck prez would just sit back and go with the flow. No exoneration, but no surprise.
I am still mad he abandoned commons sense and conservatism, but absoletey everyone was screaming that the financial system would collapse if he did not do the bailout. He would have had to ignore an awful lot of people on both ends of the political spectrum to not do the bailout. Reagan could have done it, but I don’t know anyone else in that office during my lifetime who would havehaad the cajones to stand firm.
And who, praytell, was a conservative ~enough~ President?
I for one, miss W. I wish he were still there.
Sorry, can’t give W a pass on that one, there were plenty of smart folks who disagreed with the bailout. He’s an Ivy-League big government Republican when it comes to those issues, he failed miserably on the bailout, no excuses. It was a boondoggle he should have saw coming from miles away.
There’s a difference between a conservative leader and a wimp with conservative ideals. George W Bush as well as his father were wimps.
Bush had free market principles?
Who knew?
Best,
Chris
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