Former President Bush Surprised Socialism Is Unacceptable After Leaving Office
Back on September 20, 2008, when former President Bush made the announcement that the federal government would bail out financial institutions to keep the economy from collapsing, he declared, “Our entire economy is in danger,” also that the initial $700 billion bailout, “Is a big package, because it is a big problem.”
Did it surprise anyone that while Bush was playing global sheriff coercing other countries into democracy, his itchy trigger finger was turning his own country toward socialism? By shooting holes into U.S. economic and domestic policies as well as every policy and regulation he could shoot at, the U.S. today is not capitalism at its best; it is market socialism at its best.
While Bush was in office, vociferous republicans kept their grumblings to a minimum hoping the public wouldn’t notice the government transformation.
Now that President Obama has inherited an elephantine mess created by the Bush administration’s lax securities regulations that freely allowed corporate greed and corruption, what choice do we have? Yes, we are absolutely in a sort of market socialist system. If the government needs to step in to correct the problem and bail out malfunctioning financial institutions, along with bailing out financially hurting taxpayers, so be it. The government did it before during the Great Depression; it is simply doing it again.
I would like to hear from the GOP a single accomplishment of former President Bush that benefited the U.S. Perhaps the only good thing Bush has done was light a fire under each of us to finally care about the future of the nation and the world again. Granted, that was one thing he did, however unintentional. But sadly, it is simply a shame that George Bush needed to go through our pockets to finally get to our heads.
Reiko,
While I agree that George Bush was pushing Socialism on the us with his horrible bailout response. It’s unfair to blame the Republicans for this mess. It was Republicans that called for regulation of Fannie Mae and Freddie Mac. It was Democrats that fought that legislation.
http://www.rightsideoftech.com/?p=442
In the end Obama is using Bush as an excuse to push his socialist agenda. It was the same agenda he outlined during the campaign.
It is also true that most Republicans in the US House voted against the Bush bailout. Rep. McCaul was one that did so even after getting a great deal of pressure from the administration. Conservatives oppose socialism no matter what the party labels might say.
For most conservative Republicans their biggest dissapointment was Bush’s embrace of socialism as the answer to the recession. Socialism does not work and never will. If it works then why are Cuba and N. Korea not economic dynamoes?
As far as a single accomplishment from Pres. Bush? How about two? 1. Our nation has not been attacked since 9/11 (this is no small thing despite what every fuzzy headed liberal wants to believe) and 2. Iraq is now a democratic nation free of a tyrant that killed his own people, flouted the UN resolutions, and promised to destroy Israel. Our world is a better place with a free and democratic Iraq and we should root for them to succeed instead of hoping they fail in order to make Bush look bad.
This is also Obama’s economy now. He has swiftly passed (without reading it seems) a trillion dollar stimulus, a huge budget, and now is working on Geithner’s new plan. He can no longer just blame Bush for everything.
In response to Russ:
Thank you for your thoughts; I do appreciate your opinion. Although I may not agree with you on everything, I do believe you are correct on the fannie mae & freddie mac issue not just from the link, but also from what I recall of the situation.
The democrats are not immune, take the example of Senator Chris Dodds recently – lies to the media, back -peddles and admits it, then cravenly finger points. What a weenie!
Hi James,
I’m sorry but I beg to differ. My recollection of past events under the Bush administration is quite different from yours and would prefer not to go into it.
As far as Bush’s accomplishments, 1) keeping us safe since 9/11: He has done a laundry list of things since 9/11 to make the country & the world more dangerous. His condemnation of other countries and their leaders, while applying the very actions he condemned, was arrogant and destructive. There is a reason for the constitution, and he thumbed his nose at it. “Fuzzy headed liberal”? There really is no denying facts when they do exist no matter how much we say it is not so.
As far as Iraq being better off today: well, that could be, but at the expense of depleting our own economy.I really can’t say if it is better or not but Iraq did suffer much destruction. Perhaps the same result could have been accomplished without our having to suffer for it now in the US economy. Now I just plain don’t understand your statement, “we should root for them (Iraq) to succeed instead of hoping they fail in order to make Bush look bad.” Who is hoping for that, and why would anyone hope for that? I don’t understand that logic.
The issues we, as part of the world, need to deal with are much greater than mere GOP VS DEMOCRAT politics. We need to move beyond the “me vs them” mentality. At the very least, for the sake of the children.
Yes, it is always “for the children.” That’s the rational everyone uses anytime they want to make governtment bigger and more powerful. Perhaps some folks want to do something for the children by ensuring they aren’t sattled with a crippling debt and a broken nation when they reach adulthood?
I’ve also seen no evidence that the Iraq War caused the current recession we are in. No one is claiming that. Even Pres. Obama and others point to the banks, Fannie Mae, Freddie Mac, etc. Also, I have met people that rooted for our failure in Iraq because they hate George Bush more than anything. Just look at MoveOn.org and their attack ads they launched at “Gen. Betray-Us.” That says it all.
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