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Bush’s Shameful Admission- ‘I chucked aside my free-market principles’…

January 12th, 2009 | Economy

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It is amazing that Bush who showed so much courage in the face of adversity from islamic fundamentalists caved so easily when facing adversity from what he perceived as the open market correcting itself.

I am still confused as to what sense there is in rewarding companies for making piss poor economic decisions, but then again, who am I to question him, it’s only my present and future tax dollars that are being thrown down the drain… UPI

WASHINGTON, Jan. 12 (UPI) — U.S. President George Bush said Monday President-elect Barack Obamahasn’t asked him to seek the second half of the funds designated for economic recovery. 

“I don’t intend to make the request” for $350 billion of the $700 billion package approved to help unfreeze credit markets unless Obama asks, Bush said in a wide-ranging, candid and final news conference of his presidency.

Bush said he and Obama, who takes over Jan. 20, have discussed the matter. “I told him that if he felt that he needed the $350 billion, I would be willing to ask for it — in other words, if he felt like it needed to happen on my watch,” Bush said.

Reflecting on the recession that is ending his tenure, Bush said, “I inherited a recession and I am leaving on a recession.”

“I readily concede I chucked aside my free-market principles when I was told … the situation we were facing could be worse than the Great Depression,” Bush said. “(But) we’ve taken extraordinary measures to deal with frozen credit markets (that) have helped thaw the credit market.”

He said he was pleased the financial markets have begun to move because of the $350 billion already spent and that he would be supportive of Obama’s administration working out a plan “that best suits him.”

His administration moved aggressively by taking actions “all aiming to prevent the financial system from cratering.”

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3 comments ↓

#1 Carmelo Junior on 01.12.09 at 11:44 am

Bush was never a fiscal conservative. Yet he ran as a social conservative and strong on National Security. The biggest accomplishments of this president will be to bring democracy to two nations, to make our enemies and evil terrorists hide in caves and/or run, without places to train; to bring down one of the most brutal and dangerous dictators of the past 50 years and to keep America safe for 7 years and all that without installing a military draft!

The biggest failure: not capturing or kill Osama Bin Laden.

#2 Happydaysarehereagain on 01.13.09 at 2:05 pm

Which two nations did he bring democracy to? Remember, we are paying insurgents NOT to fight in Iraq and in Afghanistan, there is no democracy either. As for “bringing” down Saddam, I personally, didn’t find him dangerous to me in any way.

#3 Carmelo Junior on 01.13.09 at 8:46 pm

Happydaysarehereagain

Well, well, just 7 years ago, Afghanistan was a safe haven for terrorists under the evil rule of Taliban. Anybody who opposed Saddam was either killed or executed, his daughter raped by Saddam sons or gassed with chemical weapons.
Who would have guessed that now, in Iraq, a person can throw shoes at presidents without been shot in the head.
I don’t know what planet have you been in the past 7 years, but it certainly was not earth.

Oh well, maybe you woke up in the morning after Katrina hit New Orleans, or had a joint with Obama when the economy meltdown happened.

Have your new president close GITMO and release those killers. Let have your new president end the war on terror and be the hero of the extreme left Malcom X fanatics like Jeremiah Wright and Bill Ayers.

The only thing that could guarantee an Obama second term right now is the killing or capture of Bin Laden under his presidency(which I doubt it). If Obama comes out like a inept CIC like Carter who let marines die and become the joke of the world(like most likely be) you can just enjoy your 48 months of blah blah.