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Monday, September 15, 2008

This just in from Limbaugh:

Regarding today's market meltdown (and the problems with AIG, Merrill, Lehman, Washington Mutual, et al):

"The free market is not responsible for this. Capitalism is not responsible for this."

posted by Quiddity at 9/15/2008 09:17:00 AM

7 comments

So what does Limbaugh think is responsible?

When someone like Limbaugh says "free market", they basically mean Mom, the flag, and apple pie, I guess.

By Anonymous, at 9/15/2008 10:37 AM

He's just getting the drum beat going. Repeat a lie often enough and everyone believes it. Eventually, this will become gospel. Whether it makes sense or not.

By Anonymous, at 9/15/2008 12:15 PM

Snowball!

By Anonymous, at 9/15/2008 6:41 PM

Just maybe the fault lies with the first MBA President.

By Shag from Brookline, at 9/15/2008 7:17 PM

While I watched the bubble build I always felt Greenspan kept the interest rate way too low to provide a false stimulus while useing offshore production and computer efficiency to keep inflation down.

Might have worked ifn's they had not been so damn greedy.

By Anonymous, at 9/15/2008 11:45 PM

Apparently he's never taken an economics class and doesn't understand either what capitalism or a free market is.

By J.Goodwin, at 9/16/2008 7:49 AM

Rush is a college dropout, so for his audience, that's a feature, not a bug.

By Anonymous, at 9/16/2008 4:52 PM