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Bush says sacrificed free-market principles to save economy
Posted By admin On December 17, 2008 @ 5:03 am In Money Watch | Comments Disabled
Wednesday, Dec 17, 2008
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.”
Bush’s comments reflect an extraordinary departure from his longtime advocacy for an unfettered free market, as his administration has orchestrated unprecedented government intervention in the face of a dire financial crisis.
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“I am sorry we’re having to do it,” Bush said.
But Bush said government action was necessary to ease the effects of the crisis, offering perhaps his most dire assessment yet of the country’s economy.
“I feel a sense of obligation to my successor to make sure there is not a, you know, a huge economic crisis. Look, we’re in a crisis now. I mean, this is — we’re in a huge recession, but I don’t want to make it even worse.”
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 AFP: http://rawstory.com/news/afp/Bush_says_sacrificed_free_market_pr_12162008.html
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 I am For the Free Market . . . But if the Government is Going to Stick its Big Nose Into the Market, Here’s What It Should Do: http://www.prisonplanet.com/i-am-for-the-free-market-but-if-the-government-is-going-to-stick-its-big-nose-into-the-market-heres-what-it-should-do.html
 USA has Two Options to Save its Economy: Declare Default or Trigger a War: http://www.prisonplanet.com/usa-has-two-options-to-save-its-economy-declare-default-or-trigger-a-war.html
 The Free Market as Regulator: http://www.prisonplanet.com/the-free-market-as-regulator.html
 Soros Says Financial Crisis Marks End of a Free-Market Model: http://www.prisonplanet.com/soros-says-financial-crisis-marks-end-of-a-free-market-model.html
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