Government Intervention In The "Free Market"

Below is a link to an article describing how the government has intervened in the free market economy in just the past year or so. I have to offer a congratulations to the Bush Administration, something you've not heard much from me, for adapting to a crisis. This administration has preached this "free market" nonsense for so long, however, that they haven't really gotten much credit for intervening during the current crisis. It just shows that ideologues of what ever persuasion need to draw in their horns and take action, after a dose of harsh reality. In this case, promoting "free markets" is one thing, and seeing and acting upon the weaknesses of free markets is another. Ben Bernanke and the Federal Reserve have acted, too. Bernanke, from what I understand, concentrated much of his economic schooling on understanding The Great Depression, and it seems to have served him well, so far. Let's hope we can pull out of this mess without actually experiencing a severe recession, or even a depression. One analyst on CNBC (a cable business channel) noted recently that Bernanke and the Fed have been trying to keep the slowdown in America from "morphing into a depression."

http://www.msnbc.msn.com/id/26101238/