Remember When Republicans Opposed Regulating The Market?

July 13, 2008 – 10:04 pm

Alarmed by the sharply eroding confidence in the nation’s two largest mortgage finance companies, the Bush administration on Sunday asked Congress to approve a sweeping rescue package that would give officials the power to inject billions of federal dollars into the beleaguered companies through investments and loans.

Remember this little tidbit the next time your run-of-the-mill Republican tells you about the wisdom of the free market. The theory is that businesses should be free to succeed (and fail) without interference from the pesky government. Now that reality has set in, Republicans can’t bail out financial houses fast enough.

The free market - just another Republican fantasy that has been exposed under the Bush administration.