“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,” according to John Seiler’s Blog.
Seiler points out that Bush practices war socialism in Iraq; has fostered massive inflation and deficits to pay for it, and has greatly expanded socialized medicine.
And now Bush is handing out “bailouts” for his Wall Street cronies, and is adding to even more inflation.
Let’s hope Bush is the last Republican president we have to put up with for some time.
Click here to read Seiler’s entire post.
January 20th 9AM PST. “Mission Accomplished”
jan 20th 901 am pst . misery part 2 starts
National Socialism – the great Republican legacy – nationalize the banks and then manufacturing. Don’t read their lips – watch their hands.
At least we have elected someone who can keep count of money. Someone tell me how much money the current Republican administration has blown through without any record of where it went or why it went there.
We used to whine about the occasional $200.00 hammer – now the outrages are so huge we no longer know how much we pay for the proverbial hammer or how many we bought because we gave the money in a brown paper sack, without counting it, to someone we didn’t get a name for.
I don’t think is so much socialism as highway robbery and we are all so ignorant of the details we don’t know if we are being robbed or saved.
Bush is the new Hoover. After Wilson invented the Federal Reserve and got us into international politics, there was rampant inflation and public sentiment shifted to Republicans for a return to “normalcy.” Harding and Coolidge were laissez-faire types who saw the economy flourish while they napped and played golf. Then Hoover came thought he could master-engineer the economy and burdened us with some really bad central-planning gaffes like tariffs and deflation. Then Roosevelt blamed Republicans for the Great Depression and rationalized a massive increase in government and it took fourteen years until a fear of Communism swung voters back to the GOP.
We’re sort of seeing the same thing happen and its hard to know what to do about it. The Bush Depression is a failure of central planning and excessive government spending. The Obama New Deal will likely be worse than the disease.
the national economy has never been purely run by so-called free market principles. there has always been state intervention – and on the scale of history – such has been at the favor of the monied classes. what is happening is that the economy has been quite free of constricting regulation on profit maximization and subsequently is falling out rather harshly as is the systemic characteristic of its volatility, therefore the size and the scope of the largely pro-big business government intervention is larger than usual.