Friday, November 14, 2008
Bush continues pushing "free market" approach to crisis
President Bush continues to push the same tired, old, free market mantra at the G20 meeting in New York:
The greater threat to prosperity is "not too little government involvement, it is too much government involvement in the market," Bush said.
Even Brazil's president gets it:
Brazilian President Luiz Inacio Lula da Silva said last weekend in Sao Paulo, where G20 finance ministers met, that the world economic order "collapsed like a house of cards" because of a "dogmatic faith in non-intervention in markets."