January 12, 2009 | Tim Albrecht

Bush threw away free market principles

Bush abandoned free market principles (Photo: UPI/Kevin Dietsch)

Bush abandoned free market principles (Photo: UPI/Dietsch)

American Future Fund for months has been advocating against the $850 billion bailout bill, and the subsequent governmental rescues that followed. Today, President George W. Bush stated the obvious: he abandoned free market principles. His statement:

“I readily concede I chucked aside my free-market principles when I was told … the situation we were facing could be worse than the Great Depression,” Bush said. “(But) we’ve taken extraordinary measures to deal with frozen credit markets (that) have helped thaw the credit market.” Read the full UPI story here.

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About the Author: Tim Albrecht is national communications director for the American Future Fund. He can be reached via email at talbrecht@americanfuturefund.com.

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The American Future Fund is a 501(c)(4) organization which primarily focuses on nonpartisan education and advocacy on important national issues. American Future Fund Political Action is a federal political committee which primarily helps members elect candidates who reflect our values through a variety of activities aimed at influencing the outcome of the next election. American Future Fund Political Action and the American Future Fund are separate organizations.