The Bailout in a Nutshell
Posted on November 14, 2008
The cartoon below from Investors Business Daily sums the bailout up nicely:
Hat tip: Hot Air who also links lame duck President GWB defending capitalism.
President George W. Bush today urged leaders of the world’s biggest economies not to abandon free- market capitalism as they seek an escape from the financial crisis, calling it the “best system” for delivering growth.
In a speech at the Manhattan Institute in New York before weekend talks among leaders from the Group of 20 nations, Bush said policy makers should resist the urge to meddle too much in markets as they seek to reverse the financial and economic turmoil now engulfing the world.
“History has shown that the greater threat to economic prosperity is not too little government involvement in the market, but too much,” Bush said. “Our aim should not be more government, it should be smarter government.”
Its getting scary folks. When will Atlas shrug?
» Filed Under Barack Obama, Democrats, Economy, Humor, Marxism, News
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Today I found myself wondering if Bush and Paulson cooked this up figuring that it would either work or that it would fail so spectacularly that no one would ever try this sort of thing again.