Preserving Free Markets
October 14th, 2008 Posted in Rants
In today’s bailout announcement, President George Bush proclaimed that the taxpayer funded purchase of equity in insolvent banks is, "…not intended to take over the free market, but to preserve it."
In other words, taxpayers will foot the bill to return the American economic system to the status quo of the rampant and unfettered market forces that brought us the so-called "crisis" in the first place.
Do you feel better now?
