Steven Greenhut
Orange Punch
October 19, 2008
- A d v e r t i s e m e n t
In typical Republican fashion, George W. Bush today declared his support for free markets, but only to say that he had no choice but to expand the government. Bush, as the Foundation for Economic Education’s Sheldon Richman pointed out, has a knack for the Orwellian double-speak. Here is a great Richman column about markets and our creepy president:
“‘These measures are not intended to take over the free market, but to preserve it,’ George W. Bush said in Orwellian tones Tuesday as he announced the partial nationalization of nine major American banks. He was partly right, though not in the way he meant his words. There is no free financial market to take over. But that means there is no free market to preserve either. The moves he announced, which include government part-ownership of smaller banks too, were just more, albeit big, steps along the corporatist route the country has been following for generations.”
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