This from Bloomberg:
Nov. 13 (Bloomberg) — President George W. Bush today urged leaders of the world’s biggest economies not to abandon free- market capitalism as they seek an escape from the financial crisis, calling it the “best system” for delivering growth.
In a speech at the Manhattan Institute in New York before weekend talks among leaders from the Group of 20 nations, Bush said policy makers should resist the urge to meddle too much in markets as they seek to reverse the financial and economic turmoil now engulfing the world.
“History has shown that the greater threat to economic prosperity is not too little government involvement in the market, but too much,” Bush said. “Our aim should not be more government, it should be smarter government.”
Since when has President Bush followed the theory of limit government? This is the exact reason how politicians say one thing and do another. This is also the perfect example of how Republicans give Capitalism and the free market a bad name.
The leftist academics will paint President Bush as the free marketeer that they claimed Hoover was 100 years before. They are going to say that we cannot learn from our lessons because we will not turn our backs on Capitalism.
I could not agree more with Bush but he couldn’t disagree more with himself. He is creating the largest government intervention we have ever seen. We should expect Barack Obama to continue his policies and pretend like it is change. This is because he has no choice due to the opposite would be deregulation and we know Obama thinks that is a dirty word.