Wow. We always knew that “compassionate Conservative” was a code-phrase for “not-so-fiscally-Conservative”, but apparently President Bush felt the need to spell it out in case there was anyone remaining who didn’t know. Some legacy.
WASHINGTON (AFP) â€” 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.
“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.”
OK, then don’t illegally funnel TARP money to “bailout” the “Big 3″ automakers.
Please don’t make it even worse. We implore you.