Bush: I Had To Destroy The Free Market In Order To Save It

• December 27, 2008

“I’ve abandoned free-market principles to save the free-market system,” President Bush told CNN, defending his offer of $17 billion in loans to the Big Three “to make sure the economy doesn’t collapse.”
Thus did Bush concede that protectionism, if a critical U.S. industry is in peril, must trump free-trade ideology. For in offering the bailout to GM, Ford and Chrysler, Bush, by omission, excluded BMW, Mercedes, Honda, Toyota, Nissan and Hyundai — though all operate auto plants here in the United States and all are feeling the same sales slump.

You know you’ve gone off the tracks when Pat Buchanan starts praising your market and trade policies.
Really, though, up until this last year Bush was an ok President. He got some things wrong (Medicare prescription drugs, no child left behind) and he got some things right (tax cuts, the war in Iraq) but this bailout business is going to end up overshadowing any of the good he did.
In a free market economy like America’s, failure is as important as success. If bad businesses aren’t allowed to fail our economy won’t progress. And if we aren’t progressing and growing we’re stagnating. And stagnation means unemployment and a paucity of prosperity.

Tags: Domestic Issues, Politics

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In a free market economy like America’s, failure is as important as success. If bad businesses aren’t allowed to fail our economy won’t progress. And if we aren’t progressing and growing we’re stagnating. And stagnation means unemployment and a paucity of prosperity.

It is the UAW that should fail, not GM, Ford or Chrysler.

Their vehicles are fine, but their unions are poison.
di butler

I was against the Medicare program and NCLB. The only thing is, both have been successful. Sorry, it’s true. I didn’t like it, I thought they were both bad ideas, but if you are truly objective, both programs have had success. The scores from NCLB have been very good. Even some libs have admitted that these have worked. I have to respectfully disagree with you on these.
Rusty

The operation was a success, but the patient died…
NoJelly

I hate it when people who claim to be one thing turn around and are something totally different…George W’s swansong will be the opening of the backdoor for the lunatic Left’s surge to turn this country collective; The great bulk of us will rise from our bunkhouse cots at the sound of a siren each day, climb into our grey pajamas to ride our bicycles to the broom factories. The American Soviet is now within reach…I only hope it won’t happen without a fight.

Obamie says “Don’t worry about your guns”…I say that means to worry plenty…
LoadTheMule

We once said the same thing about villages in Vietnam. It makes no more sense now than it did then.
robert108

Pure leftie crap, from an unfortunate source.
Jayhoward09

You must be a moron. The Iraq War was a good thing? Why? Bush lost the war, blew 4 trillion dollars, killed or wounded 40,000 US troops and over 150,000 Iraqis, including 2000 children under 10 years old. The Iraqis have no electricity and are drinking raw sewage because we destroyed the water plants. And who won the war? The Iranians. George Bush fought the Iraq war for the benefit of Iran and made them a regional superpower. It’s just a matter of time before Iran puts Bush on one of their stamps as a national hero. George W. Bush destroyed America.

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Bush: I Had To Destroy The Free Market In Order To Save It

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