Bush Stops Gravity: Abandons Free Market to Save it?
December 18, 2008 by FCD Administrator
Filed under Brain-Off Awards, Guest Articles, Principle 04
Can principles be suspended or sacrificed?
AFP (Breitbard.com) | US President George W. Bush said in an interview Tuesday he was forced to sacrifice free market principles to save the economy from “collapse.”
“I’ve abandoned free-market principles to save the free-market system,” Bush told CNN television, saying he had made the decision “to make sure the economy doesn’t collapse.”
Bush’s comments reflect an extraordinary departure from his longtime advocacy for an unfettered free market, as his administration has orchestrated unprecedented government intervention in the face of a dire financial crisis.
“I am sorry we’re having to do it,” Bush said. Bush said….<<<Read the Full Story>>>
Britain: joining Euro?
December 16, 2008 by Stephen Anderson
Filed under Current, Guest Articles, Money & Economics
AFP (BREITBART.COM) |Â Britain is considering joining the eurozone as a direct consequence of global financial turmoil, European Commission President Jose Manuel Barroso said Sunday.
“We are now closer than ever before. I’m not going to break the confidentiality of certain conversations, but some British politicians have already told me: ‘If we had the euro, we would have been better off’,” Barroso told a weekly French news programme, referring to the fall in the pound’s value since markets and liquidity meltdown earlier this year.
“The British have an enormous quality, one of many, that is they are pragmatic,” he said on the panel of a joint RTL-LCI radio and television broadcast. “This crisis has emphasised the importance of the euro, and also of Britain,” he added.
“I don’t mean this will happen tomorrow, I know that the majority (of British people) are still opposed, but there is a period of consideration underway and the people which matter in Britain are currently thinking about it,” the former Portuguese prime minister said.
Barroso pointed to the case of Denmark, another EU state which has so far refused to accept the euro but is now planning another referendum on the single currency. The Danish voted against joining in 2000.>>>>Read the Full Article
