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W in the Washington Times:
Delivering a speech on the campus of Southern Methodist University in Dallas, future home to the George W. Bush Presidential Center, the former president sought to explain his decision to have the federal government intervene at the beginning of the economic downturn last fall.President Bush:
"I believe in the power of the free enterprise system, which made the decision I faced last fall one of the most difficult of my presidency. I went against my free market instincts and approved a temporary government intervention to unfreeze credit and prevent a global financial catastrophe," he said.
While many economists credit that early action with halting the economic freefall, Mr. Bush said the only answer to returning America to prosperity is to remove government controls on the private sector and continue to force open markets to U.S. goods.
"Trade has been one of the world's most powerful engines of economic growth, and one of the most effective ways to lift people out of poverty. Yet a 60-year movement toward trade liberalization is under threat from creeping protectionism and isolationism," Mr. Bush said.
Mr. Bush did not cite his successor by name, but many of his warnings seemed directed at policies Mr. Obama has embraced.
If the country doesn't examine the systemic erosion of Federalism that precipitated the collapse, and doesn't follow up that examination with systemic changes designed to reconstitute the 50 States as meaningful centers of political power, then alles macht nichts.
The problem isn't so much the jackasses burning the broth, but the lousy kitchen putting them there. Swapping out this jackass for that constitutes scant improvement.
Will the Right Wing Blogosphere repudiate R.S. McCain. Charles Johnson and Andrew Sullivan are concerned:
ReplyDeleteCharles "Pony Boy" Johnson: "And then, when most of them [the right wing blogosphere] decided to fall in and support a blogger like Robert Stacy McCain, who has neo-Nazi friends, has written articles for the openly white supremacist website American Renaissance, and has made numerous openly racist statements on the record ... well, I was extremely disappointed to see it, but unfortunately not surprised."
Andrew Sullivan, at the Dish on 11/12/09: "McCain's views are, strictly speaking, fascist in tone and intent. His open declaration that he would be open to the genocide of Palestinians is depraved. That he remains in the polite company of the bloggy right is a sign of just how degenerate much of it has become."
For the love of all things unholy in Belguim (including Pam Geller's breasts). Wow, Stacy is making all the right friends (and all the left enemies). And fascist ta boot! Sorry I missed Stacy's call for Palestinian genocide. Nice if Sully posted a link to back that breathless acusation up. Of course, I don't recall Stacy ever going on some wild Christianist rampage and shooting leftists, gays yearning to be free, rational free thinkers like Charles Johnson, and gentle Muslims with abandon, but I suppose that is a just a matter of time.
I think that Bush still thinks he had to bailout the banks, etc. I think that he wishes he didn't have to bailout the banks because it goes against his free market philosophy. I am very much against all of the bailouts.
ReplyDeleteBush never should have advocated for that bailout. Many conservatives were pissed at him for it. He pushed hard on it.
ReplyDeleteSorry Bush, I am going to have to agree with Hamiltion, Lincoln and Teddy Roosevelt on the trade issue. They presided over the creation of the wealthiest, most self sufficient nation on Earth. You helped to hasten its decline.
ReplyDelete