Freedom Line Blog

Apparently, former president George W. Bush “went against (his) free-market instincts” when he approved the Wall Street bailout towards the end of his administration.  Better late than never I suppose.

After issuing his mea culpa, “W” had some words of wisdom for his successor:

And without mentioning President Obama by name the former President did have some rather pointed comments for the current Administration claiming that generally “history shows that the greater threat to prosperity is not too little government involvement, but too much.”

Bush, who as President also signed off on massive aid to the auto industry, warned against a government takeover of the economy fearing it would eliminate free-market enterprise.  “As the world recovers, we are going to face the temptation to replace the risk and reward model of the private sector with the blunt instruments of government spending and control.”

Do as I say…