Ex-President George W. Bush tells auto dealers he'd bail out automakers again
LAS VEGAS -- Former President George W. Bush, who extended bridge loans to the auto industry as one of his administration's last acts, told auto dealers Monday he would do it all again.
Bush gave the closing address to about 22,000 dealers and their families attending the annual National Automobile Dealers Association convention.
Bush told the audience he thought he would be able to ride off into the sunset in his last year as the nation's leader. But the financial crisis led to a meeting with Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, who warned of a pending depression if drastic actions were not taken.
Bush said he was a believer in the marketplace and that corporations had to pay for their own problems or bad decisions.
"But sometimes circumstances get in the way of philosophy," Bush said. "I would make the same decision again."
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http://www.freep.com/article/20120207/BUSINESS01/202070436/Ex-President-George-W-Bush-tells-auto-dealers-he-d-bail-out-automakers-again
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And this statement is laughable: Bush said he was a believer in the marketplace and that corporations had to pay for their own problems or bad decisions.
Weren't you the one who gave us TARP? 
