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Saturday, November 22, 2008

The Bush legacy: the end of economic liberty

In a quotation found in the column “Atlas Blinked” by David Weigel of Reason Magazine, Competitive Enterprise Institute president Fred Smith talks about the real Bush legacy in light of the $700 billion bailout and other interventionist responses to the current financial crisis:

"This does ensure that President Bush will have a legacy," laughed Competitive Enterprise Institute president Fred Smith after that Americans for Tax Reform meeting. "It's a legacy that will set back the concept of economic liberty by a century. The free market, for all intents and purposes, is dead in America."

Weigel has written an excellent column of the failure of conservative Republicans to stop the biggest corporate bailout in American history. You can read it here.

Posted by Matthew Johnston

Posted by westernstandard on November 22, 2008 in U.S. politics | Permalink

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Comments

Sadly, I believe the precedent has been set and fascism is now "official".

Posted by: JC | 2008-11-23 8:12:41 AM



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