Thursday, November 13, 2008

Bush's loosened tongue

Our president is making a hard push to defend American capitalism. If only he was doing this his whole term and working to push our economic system toward something free. His current defense acts as if we are already free. We aren't but I'm glad he pushing back against those ready to completely destroy the free market.

Here is the story about his speech in New York and an excerpt below.
"Ultimately, the best evidence for free market capitalism is its performance compared to other economic systems," Mr. Bush said Thursday. "Free markets allowed Japan -- an island nation with few natural resources -- to recover from war and grow into the world's second-largest economy. Free markets allowed South Korea to make itself one of the most technologically advanced societies in the world. Free markets turned small areas like Singapore, Hong Kong, and Taiwan into global economic players. And today, the success of the world's largest economies comes from their embrace of free markets.

"Meanwhile, nations that have pursued other models have experienced devastating results. Soviet communism starved millions, bankrupted an empire, and collapsed as decisively as the Berlin Wall. Cuba, once known for its vast fields of cane, is now forced to ration sugar. And while Iran sits atop giant oil reserves, its people cannot put enough gasoline in their cars.

"The record is unmistakable: If you seek economic growth, if you seek opportunity, if you seek social justice and human dignity, the free market system is the way. The triumph of free market capitalism has been proven across time, geography, culture, and faith. And it would a terrible mistake to allow a few months of crisis to undermine 60 years of success."


<< Home 2 Comments:
Anonymous Anonymous said...

I find it humorous all these folks talking about the free market and how great it is, but then every time an economic slowdown happens they all run to "socialist" policies. You can't have your cake and and eat it too.


8:10 AM, November 17, 2008  
Blogger Mark said...

All I can say is "Amen, brother!"

9:39 AM, November 17, 2008  

Post a Comment