[Bolton] echoed the point when discussing the dramatic shift in economic policy of recent months, dismissing the notion that Bush abandoned free-market principles and simply subcontracted decisions to Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke.If accepting "massive government intervention" is not a change in philosophy, then what the hell is it? Notice that "the viability of the financial markets" is used to justify this. OK, suppose you accept that justification. So what justifies the Detroit bailout? What does saving the UAW have to do with "the viability of the financial markets"?
"He hasn't changed his philosophy, but he was advised and accepts . . . that massive government intervention has been necessary in the financial markets in order to protect the viability of the financial markets," Bolten said. "It's been a dialogue," he added. "It's not that Paulson all of a sudden shows up once a week and says, 'Here is what I am going to do,' and the president rubber-stamps it. It is a regular conversation between Paulson and Bernanke and Paulson and the White House."
Rosie O’Donnell claims that Trump’s presidency drove her to overeat,
overdrink, and flee to Ireland
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First of all, Rosie O’Donnell has had a problem with overeating and
overdrinking long before Trump came down the escalator
The post Rosie O’Donnell claim...
3 hours ago
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