December 18, 2008

During an interview with Candy Crowley on The Situation Room, when asked if he was going to bail out the auto industry or not, George Bush says they're working on a solution because he does not want to see the entire economy collapse. He then adds "I've abandoned free market principles to save the free market system." He goes on to say that there have been excesses in the financial markets and how sorry he is that it is affecting hard working people's retirement accounts. Not sorry enough to have done anything about it when it mattered, before the collapse of the markets.

What Bush abandoned was the government doing the job of overseeing those financial markets and these bailouts have done nothing to address those problems. These people love to tout the free market until something goes wrong. Then they're all for corporate welfare. Welfare for people, not so much.

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