What he actually said was: "...Ive abandoned free-market principles to save the free-market system..."
One can argue about the actual meaning of THAT, but THAT is what we should be quoting, not that he said he was going to "Destroy the free market in order to save it".
One can make the cogent argument that abandoning those principles WILL destroy the free market, but that is a different approach.
But Bush was awful with fiscal responsibility and govt growth and is part to blame as is the GOP congress of those years...even though there were occasional smart moves like trying to reel in Fannie and Fredo
What Obama and his gang have done is so accelerate it all with drunk spending.
So...no matter how one parses what Bush said about TARP...it was still a questionable idea and he along with plenty GOP have blame.
I hate TARP...bottom line...it gave asshats at Banks a pass...guys who ran footloose with other’s cash and went broke and got bailed out by our taxes...and now they are sitting on their liquidity...which is all TARP did...it did nothing to invigorate bank lending.
I know this because I borrow their money as a living..banks that took TARP are tight as drums and scrutinize every covenant to prove to regulators how good they are being...but loan not much even as they crow great terms for public consumption.
Well there isn’t a dime’s worth of difference between what I think he said and what he really said now is there.