Tuesday, December 16, 2008

...And I shake my head...

Bush says he had to wreck the economy, to save the economy.

US President George W. Bush said in an interview Tuesday he was forced to sacrifice free market principles to save the economy from "collapse." "I've abandoned free-market principles to save the free-market system," Bush told CNN television, saying he had made the decision "to make sure the economy doesn't collapse." Bush's comments reflect an extraordinary departure from his longtime advocacy for an unfettered free market, as his administration has orchestrated unprecedented government intervention in the face of a dire financial crisis. "I am sorry we're having to do it," Bush said. But Bush said government action was necessary to ease the effects of the crisis, offering perhaps his most dire assessment yet of the country's economy.

Correct me if I'm wrong, King, but isn't the only way to save the free market to enact and to engage in behavior consistent with those very principles that make it viable? Can one "save" the free market by enacting policies that are antithetical to same, and which by their very nature and in every other known circumstance act to thwart the growth of a free-market economy and benefits thereof? If so, then when is the correct time to right the ship back on that course of economic freedom and the prosperity (and risk) that goes along with it? Can one merely parcel a free market and expect it to then flourish?

You know, Bush has been more than gracious toward his malevolent detractors lo' these past eight years, what with the "new tone" and all. Could it be that President Bush is leaving Obama and the democrats (and, unfortunately this nation) with a poke in the eye? Somehow, that just doesn't seem to be his style, which, to this point, has been largely to go along to get along. Or, alternatively, has what has been at best a short-term pseudo-fix (if that) been enacted merely in an effort to provide the Obama administration with a set of training wheels, and to hell with our collective futures?

"I feel a sense of obligation to my successor to make sure there is not a, you know, a huge economic crisis. Look, we're in a crisis now. I mean, this is -- we're in a huge recession, but I don't want to make it even worse."

Question Mr. President: have the bailouts really made anything better? In the short or in the foreseeable long term?

I didn't think so.