Monday, October 13, 2008

Sarko 1, W 0

From Radley Balko:

President Bush, on the financial meltdown:

“I’m a strong believer in free enterprise, so my natural instinct is to oppose government intervention. I believe companies that make bad decisions should be allowed to go out of business. Under normal circumstances, I would have followed this course. But these are not normal circumstances. The market is not functioning properly.”

French President Nicolas Sarkozy, on the financial meltdown:

“The financial crisis is not the crisis of capitalism. It is the crisis of a system that has distanced itself from the most fundamental values of capitalism, which betrayed the spirit of capitalism.”