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Bush warns of threats to freedom, economic
growth
Nov. 2009 - Former President George W. Bush who has remained
largely out of the limelight since leaving office and rarely criticizes his
successor. In a recent statement Bush said America must fight the temptation
to allow the federal government to take control of the private sector,
declaring that too much government intervention will squelch economic
recovery and expansion.
With the Obama administration establishing far-reaching controls in the
auto, real estate and financial sectors, Mr. Bush said that "the role of
government is not to create wealth, but to create the conditions that allow
entrepreneurs and innovators to thrive."
"As the world recovers, we will face a temptation to replace the
risk-and-reward model of the private sector with the blunt instruments of
government spending and control. History shows that the greater threat to
prosperity is not too little government involvement, but too much," said Mr.
Bush, who has remained largely out of the limelight since leaving office and
While many economists credit that early action with halting the economic
freefall, Mr. Bush said the only answer to returning America to prosperity
is to remove government controls on the private sector and continue to force
open markets to U.S. goods.
"Trade has been one of the world's most powerful engines of economic growth,
and one of the most effective ways to lift people out of poverty. Yet a
60-year movement toward trade liberalization is under threat from creeping
protectionism and isolationism," Mr. Bush said.
Mr. Bush did not cite his successor by name, but many of his warnings seemed
directed at policies Mr. Obama has embraced.
In one of his first major decisions on trade policy, Mr. Obama in September
imposed a tariff on tire imports from China, making good on a campaign
promise to the United Steelworkers union to "crack down" on imports that
hurt American workers and industries.
http://www.washingtontimes.com/news/2009/nov/12/bush-warns-threats-freedom-economic-growth
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