The Hubris of the Trillion-Dollar Man

[Swede]

This is the from the Cato Institute!!!!

Former President George W. Bush said Thursday that America must resist the “temptation” to allow the government to take over the private sector, taking a subtle shot at his Democratic successor by warning that too much state intervention and protectionism will squelch the economic recovery…

“As the world recovers, we will face a temptation to replace the risk-and-reward model of the private sector with the blunt instruments of government spending and control. History shows that the greater threat to prosperity is not too little government involvement, but too much,” said Mr. Bush.

Um, what? The president who

•expanded federal spending by more than a trillion dollars a year, before his disastrous last hundred days
•federalized education
•laid out “a smorgasbord of handouts and subsidies for virtually every energy lobby in Washington.”
•protected the steel, agriculture, and textile industries from foreign competition
•backed farm bills with lavish subsidies for producers
•created the biggest new entitlement since Lyndon Johnson
•bailed out Bear Stearns, Fannie Mae, Freddie Mac, AIG, Bank of America, Citigroup, and dozens of other banks
•provided government support for mortgages, credit cards, auto loans and other consumer debt, and
•bailed out Chrysler and General Motors in direct defiance of Congress’s refusal to do so

http://www.cato-at-liberty.org/2009/11/13/the-hubris-of-the-trillion-dollar-man/

[Dreamer Tatum]

1. Cato is blue-sky Libertarian batshit

If it's possible to be critical of someone for the wrong reasons, yet agree with them, this is one of those times.

[timeforpeace]

2. And we wonder why the right disavows him. He truly was not a conservative.

[Deja Q]

3. K&R number 3, time to see 333.

:)


Oh,

"protected the steel, agriculture, and textile industries from foreign competition" -- you sure that's not the other way around?

[Sirveri]

5. I remember early in his admin him raising tariffs on steel imports.

Was watching CSPAN one day and caught a group of concerned small businessmen who were insanely PO'd because the price of steel skyrocketed due to a 40 point tariff. I think the EU was screaming about it too. Like I said this was a while ago, pre 9/11 I believe.

[BrklynLiberal]

4. pres shit-for-brains proves it is true...once again.

[unhappycamper]

6. And he did that while maintaining warrentless wiretapping, extraordinary renditions and

torture.