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View Diary: President Bush: Bush policies created "Depression Greater than the Great Depression" (57 comments)

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  •  hmmm (4+ / 0-)

    Just to be clear, I think plumbing the depths of W will take you through several layers of stupid followed by a whole lot of WTF.

    That having been said, I question your interpretation of the following statement

    "Those of you who have followed my career know that I’m a free market person. Until you’re told that if you don’t take decisive measures then it’s conceivable that our country could go into depression greater than the Great Depression."
    It seems to me what he is saying here is that, while he normally believes in a "free market," he was being told the country was heading for a new (and worse) "Great Depression." It's implied from this that he is defending his decision to abandon strictly "free market" policy. He's not admitting that his policies caused a great depression, he's saying he stepped away from letting the market run itself freely in order to prevent a great depression.

    It goes without saying (at this point) that most everything the guy did turned into a disaster. It bears repeating, though, that his policies were uniquely adept at making sure the resulting disaster hurt somewhere else or someone else (i.e., not his wealthy benefactors). He was an 8-year-long proof that wedding so much power to so much ignorance can only result in a world of hurt.

    •  Icarus -Thank you for your well thought out (4+ / 0-)


      I interpret his words "free market" to be an admission that  8 years of his "free market" Policies caused the country to head for a "Depression greater than the Great Depression."

      That's why he said he would abandon his "free market" Policies -- he was told that in order to prevent the country from suffering a 'depression greater than the great depression' he had to abandon the 8 years of his "free market" policies.

      Icarus, thanks again for your very well thought out comment.

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