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."
Utter nonsense! Seriously, does this apologia make any economic sense? It was the wholesale abandonment of free-market principles, in favor of Keynesian bilge, central banks and the decimation of the US dollar, that led to this mess. Bush should know better. It's high time for him to go. Problem is, with Obama, we're going from bad to worse, far worse. A consolation prize is that, at least when Obama screws things up, as he is certain to, we can blame them and not our own.
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