Do you have a link to that quote where he said that, to destroy the market to save it?
I don’t have a link but it is fairly well known, even Rush plays it from time to time......
GWB is nothing but a New World Order big govrnment socialist.....
“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.”
To understand why this is happening, we need to go back to the financial crisis of 2008. During the end of that year and the beginning of 2009, the US private economy imploded. At high speed, it plummeted from an annual level of approximately $9.4 trillion to a level of $8.1 trillion - a loss of $1.3 trillion dollars, or about 14%. In ordinary circumstances a drop this fast and sharp would throw a nation straight into a Depression with a capital “D”.
Yet when one looks at GDP, the total economy only shrank by about $300 billion, or less than a quarter of the fall in the private economy. How could that be? The answer - which lies at the very heart of the current crisis - is that the economy is usually displayed as one number, which is the sum of private and federal spending. When we stick to this one number only and call it reality, it means that a decrease in one side of the economy can be seemingly made to go away by increasing the other side of the economy. As shown in the graph below, what happened was the federal government started spending an extra trillion dollars per year to cover up and smooth over the economic damage from this fundamental, fantastic blow to the private economy, the wealth-producing core of the entire economy.
Snip
The total government (federal, state and local) share of the US economy went from 35% at the end of 2007, to 43% by the end of 2009. Outside of a major war, this is unprecedented growth in government spending, and it occurred almost instantaneously.
Excerpt from
U.S. Faces a Depression-Level Unemployment Crisis
By Daniel R Amerman CFA
http://www.financialsense.com/contributors/daniel-amerman/2011/08/04/us-faces-a-depression-level-unemployment-crisis
Obviously Bush never used those specific words, But this is probably what they are referring to:
Bush: "I've Abandoned Free Market Principles To Save The Free Market System" (Bush on CNN late 2008 video clip)