Thursday, November 12, 2009

Gee, GWB, now you're sorry?

Check it out:
"I went against my free-market instincts and approved a temporary government intervention to unfreeze the credit markets so that we could avoid a major global depression," Bush said.
Actually, it's the continued intervention that exacerbated what should have been a mild government-induced recession.
"history shows that the greater threat to prosperity is not too little government involvement, but too much."
Gee, now he says that?
"As the world recovers, we are going to face the temptation to replace the risk and reward model of the private sector with the blunt instruments of government spending and control."
Oh, now he says that, after pushing the $700 billion TARP and setting the stage for one bailout after another?


Blogger Jeff said...

This is just the standard-issue epiphany many people have when their hands aren't on the controls any more.

Like earlier this year, when that commission headed by three Latin American ex-presidents said "hey, you know what, this whole Drug War thing doesn't seem to be working out so well."

I'm surprised Greenspan hasn't flipped back to promoting the gold standard now that he's retired.

Thursday, November 12, 2009 11:54:00 PM  

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