In a speech last week, former President George W. Bush admitted that he had erred in imposing new layers of regulation on the U.S. economy. Here's the news story:
Former President George W. Bush, outlining plans for a new public policy institute, on Thursday 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.
"History shows that the greater threat to prosperity is not too little government involvement, but too much," said Mr. Bush
Mr. Bush went on to express his regret at nationalizing airport safety, carrying out illegal surveillance of U.S. citizens, raiding medical marijuana clinics, bailing out General Motors, AIG and other companies, and socializing prescription drugs for the elderly.
Of course, this last paragraph is a joke. So is Bush.