After presiding over some of the most dramatic market interventions in U.S. history over the past two months, President Bush came to Wall Street on Thursday to urge world leaders not to venture too far down a path of government interference in capitalist economies. ...Given all the intervention he's embraced, what would he consider too far?
"History has shown 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," Bush said to resounding applause from the crowd of about 175. "Our aim should not be more government," he added later, "it should be smarter government."
Friday, November 14, 2008
Bush Warns Against Dismantling Free Market
This is not from The Onion. It's from the Washington Post:
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4 comments:
It's like the "free trade" agreements like NAFTA. The governments can set all the trade rules because they're very smart. Similarly, they can go as far as "injecting" $25 billion into a bank, insurance company or car manufacturer, but never outright nationalization. Isn't that "smarter" government? That way Joe Six-pack can't complain he lives in a communist or fascist country.
It is all double speak to keep the charade republicans support free markets and only "smart" interventions.
Not to mention liberals will use it to compare Bush to "do nothing" Hoover to prop their own guys on pedistals.
Evil Bush will now =Free markets in fantasy land most people live under.
Mr. Orwell, paging Mr. Orwell ...
But of course any government that might give any benefits no matter how small to the poor is going to far. But until (shudder) someone suggests that, I'll take your 700 billion and double it.
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