[ought-six]

“By his support of massive govenment bailouts of the financial, auto, and several other industries....”

First off, I opposed the bailouts, and for several reasons. Letting the auto companies go bankrupt would have been the preferable thing, in my opinion. But, the bailouts were in fact loans, and if the money is not paid back the government will seize the assets of the defaulting companies and sell them on the open market (which will likely be what happens). That is not destroying capitalism. Moreover, if the government takes over the companies and RUNS them, then you could make the argument that the government was tanking capitalism; but since Bush will be a private citizen by then and would have nothing to do with that decision he can’t be blamed for tanking capitalism.

Odumbo and the Dim Congress will tank capitalism, so blame them.

I am no Bush fan, but let’s not condemn the poor guy and blame him for everything bad that happens in life: That is the purview of the looney left.

Oh, what are the “several other industries” that Bush has supported bailing out?

[MBB1984]

Do you really believe that these are “loans”? No rational lender would loan money to these various industries. The relationship is far beyond a typical lending transaction. What has effectively happened is that the government has taken an equity interest in these distressed companies. When government takes such an interest in the private sector nationalization and socialism has begun.

Other industries? AIG, insurance. Bush has paved the road for Obama's socialist advance.