Bush: "I had to become a Socialist to save the country"

[editec]

This is hilarious.

A free marketer believes the market can only properly correct on its own.

You don't just decide all the sudden one day that you need to abandon free market principles to "save the free market".

ANY ONE OF YOU who buys this bullshit is a fucking moron. A god damn fucking MORON.

Buys WHAT bullshit exactly?

The fact that Bush did it?

That Bush was a free marekteer who called upon a socialistic solution to the market's meltdown?

What?

 

[Paulie]

It's probably true, in theory, that a free market will correct itself. The question is, can a society - any society - that runs a free market economy recover from the depths plumbed when a real life free market economy corrects itself?

The strong will recover and survive. The weak who have come to depend on government to hold their hand and walk them through life, would perish.

70 years ago, that wasn't the case. Cue FDR, and things are much different today.

But this doesn't change the fact that Bush has once again lied straight through his teeth, and there's probably enough idiots buying it to perpetuate his bullshit.

 

[glockmail]

Bush just lost any support I had of him with this comment. Poor bastard. I hope he has a nice quiet retirement.

 

[Paulie]

Buys WHAT bullshit exactly?

The fact that Bush did it?

That Bush was a free marekteer who called upon a socialistic solution to the market's meltdown?

What?

The bullshit that Bush was somehow a free marketer who only just NOW decided that socialism of some of the worst kind we've ever seen was necessary to "save the free market".

It's a crock of everloving horse shit, and only a fucking MORON would buy it. It doesn't even make any SENSE on PRINCIPLE. It's an oxy fucking moron.

 

[editec]

The strong will recover and survive. The weak who have come to depend on government to hold their hand and walk them through life, would perish.

70 years ago, that wasn't the case. Cue FDR, and things are much different today.

But this doesn't change the fact that Bush has once again lied straight through his teeth, and there's probably enough idiots buying it to perpetuate his bullshit.

Oh, Now I understand, I think

You believe that Bush didn't believe in a free market and what...

that he was secretly a socialist all along, just waiting for his chance to impose this socialistic solution to a problem?

Ladies and gentlemen, we have this weeks winner in the

"Who can best show us an perfect example of cognitive dissonance" contest.

 

[Paulie]

Oh, Now I understand, I think

You believe that Bush didn't believe in a free market and what...

that he was secretly a socialist all along, just waiting for his chance to impose this socialistic solution to a problem?

Ladies and gentlemen, we have this weeks winner in the

"Who can best show us an perfect example of cognitive dissonance" contest.

LOL.

Look who's implying beliefs and labels NOW.

It's quite simple, Ed. It can only be one of two things. Either Bush never was a free marketer and a socialist all along, or he WAS a free marketer and decided to abandon it completely without actually admitting to it and instead lying about it. You can't be a free marketer and believe that mass-socialism will somehow solve the market's problems. That runs counter to the very basic principles of the free market philosophy.

You'll get it eventually. Read it a few times and let it sink in.

 

[xsited1]

I am proud to say that I never voted for George W. Bush. Doesn't that just make me a totally awesome person???

 

[Red Dawn]

Let's review a little history, before the ultra partisan revisionist bullshit gets out of hand.

There's a lot of blame to go around.

But, one thing is undeniable.

Liberals have been saying for years that the Bush economy was on extremely weak ground, and Bush was heading us for the cliff. Liberals were saying that our manufacturing base was being decimated by phony free trade agreements. Liberals have been saying for years that under regulated markets and corporations were a recipe for disaster. i.e., the "free markets" are not capable of policing themselves, and require public oversight.


Cons, on the other hand, spent the last two years proclaiming that the economy was really pretty darn good thanks to Bush. It wasn't until the last couple months they realized we were headed for the cliff. A quick search of this board could pull up multiple posts of Cons proclaiming that the Bush economy was very decent, on solid footing. Cons proclaimed that we needed to regulate less, we needed government to get out of the way, and that free markets operated best when they policed themselves.



We all know how that story turned out, and who was right and who was wrong.

 

[Paulie]

No, we actually don't really know who was right and wrong. The government never allowed this problem to correct itself before they volunteered trillions of our dollars to "fix" things.

Now, we're stuck waiting to see if the liberal way of throwing government at the problem is going to help or hurt.

No one's been proven right or wrong, YET. Time will tell, though.

 

[Red Dawn]

No, we actually don't really know who was right and wrong. The government never allowed this problem to correct itself before they volunteered trillions of our dollars to "fix" things.

Now, we're stuck waiting to see if the liberal way of throwing government at the problem is going to help or hurt.

No one's been proven right or wrong, YET. Time will tell, though.

I know this meltdown is a shock to conservatives. They didn't see it coming. They spent years proclaiming that the Bush economy was really pretty decent, and libs were lying that we were headed for the cliff.

Its a real gut check to those who put their blind faith in "get government out of the way" theologies. Its hard to accept failure.

Every single government on the planet is taking aggressive, proactive action to address this. No sane person is screaming that the solution is to deregulate more, and let the magic of the unchecked market solve it. You know why not a single government on the planet is taking the conservative way to solve this? Because they know its all bullshit.

 

[bk1983]

Let's review a little history, before the ultra partisan revisionist bullshit gets out of hand.

Liberals have been saying for years that under regulated markets and corporations were a recipe for disaster. i.e., the "free markets" are not capable of policing themselves, and require public oversight.


.

The recent crisis has at least proved this to be correct..

 

[xsited1]

Bush destroys everything he touches. It's only fitting that he choose Socialism for his big finale.

 

[Tech_Esq]

Just wow....





Bush says sacrificed free-market principles to save economy - Yahoo! News


So, Bush agrees with FDR. Under regulated, unfettered capitalism can't be trusted, and government intervention is needed.

OMG, I never liked the guy, but ....I'm speechless

This guy is a nightmare. You don't need to say he's agreeing with this or that...he's just a nightmare loser. It barely mattered what he thought before, it clearly doesn't matter now.

 

[Tech_Esq]

I know this meltdown is a shock to conservatives. They didn't see it coming. They spent years proclaiming that the Bush economy was really pretty decent, and libs were lying that we were headed for the cliff.

Its a real gut check to those who put their blind faith in "get government out of the way" theologies. Its hard to accept failure.

Every single government on the planet is taking aggressive, proactive action to address this. No sane person is screaming that the solution is to deregulate more, and let the magic of the unchecked market solve it. You know why not a single government on the planet is taking the conservative way to solve this? Because they know its all bullshit.

Do you fuckers get merit badges for lying?

You are really the most dishonest group of people i've met. You blithely lie about not wanting regulation. When the proof is put up, you ridicule it. You're just absolute shit. Not intellectual honesty whatever. You take off on your flights of fantasy and that's reality to you.

Good, well when you bankrupt the country with your million points of socialism, come crying to me, cuz I got something for ya, sport!

 

[Tech_Esq]

This is right up there with, "we had to destroy the village in order to save it."

What has happened is that when capitalism is allowed to operate without regulation it will eat itself.

If you could point out exactly what part of capitalism was allowed to run without regulation, it would be helpful to the discussion.

 

[editec]

If you could point out exactly what part of capitalism was allowed to run without regulation, it would be helpful to the discussion.

Not a problem, Tech.

The Glass-Steagall Act of 1933 established the Federal Deposit Insurance Corporation (FDIC) in the United States and included banking reforms, some of which were designed to control speculation.[1] Some provisions such as Regulation Q, which allowed the Federal Reserve to regulate interest rates in savings accounts, were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980.

source

The second Glass-Steagall Act, passed on 16 June 1933, and officially named the Banking Act of 1933, introduced the separation of bank types according to their business (commercial and investment banking), and it founded the Federal Deposit Insurance Company for insuring bank deposits. Literature in economics usually refers to this simply as the Glass-Steagall Act, since it had a stronger impact on US banking regulation.[6]

Had that act been in effect, the banking system would NOT be unraveling in the way it has been.

The speculation that most banks engaged in, which is the heart of the problem we facing now, would not have been legal.

The repeal of this act was also responsible for the Saving and Loan meltdown.

Same deal, the banks were gambling instead of managing their money conservatively.

Once you allow any bank to get into highly speculative investments, you almost force the rest to jump into the shark filled pool, too.

Regulations would prevent this sort of tragedy of the commons.

 

[Diuretic]

The strong will recover and survive. The weak who have come to depend on government to hold their hand and walk them through life, would perish.

70 years ago, that wasn't the case. Cue FDR, and things are much different today.

But this doesn't change the fact that Bush has once again lied straight through his teeth, and there's probably enough idiots buying it to perpetuate his bullshit.

The weak in a democracy get the vote, governments in democracies can't afford to - nor should they - allow people to starve to death simply to be ideologically pure.

 

[Diuretic]

If you could point out exactly what part of capitalism was allowed to run without regulation, it would be helpful to the discussion.

All of it!

 

[Old Rocks]

Economy was great up to two years ago.

What happened then?

Oh yes, the democrats took over both houses.

Now they have all three branches and we are nearing a Great depression.

Now talk about a complete idiot! Yup, with no way to counter a veto, or even the Senate, the Dems put us where we are in just two years. Actually, less than two years, since by the beginning of fall, we were already in an economic nosedive. Face it,idiot, the American People know full well where the present economic problems stem from. If this does go into a full depression, it will be known as the Second Great Republican Depression.

 

[no1tovote4]

Who knew? He's been saving the country from day one and the Pill Bill!

Wow, I'm so happy that he sacrificed so much...

/sarcasm