Bush's very brief Economic Presser: He doesn't take a question
I guess the CEOs felt Bush needed to make an appearance today so he made one. A really, really brief one. Bush usually makes time for questions to the press pool; he calls them funny names and tries to make a joke or two, but instead today, he hurriedly ran off the stage. I guess it's tough to face the music when his administration is responsible for the worst economic collapse we've seen since the Depression. Usually he'll make believe there really are no problems going on (remember when he seemed oblivious to gas at $4 a gallon?), but not today.
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Even The Wall Street Journal says: Worst Crisis Since '30s, With No End Yet in Sight. Did you read the "no end in sight" line? Kind of like Iraq....Did Bush mention the "fundamentals" as McCain did? Nope... And now the US Automakers Want $50 Billion in Federal Loans too....Sounds a lot like Socialized Capitalism to me...
WH: THE PRESIDENT: The American people are concerned about the situation in our financial markets and our economy, and I share their concerns. I've canceled my travel today to stay in Washington, where I will continue to closely monitor the situation in our financial markets and consult with my economic advisors. I spoke to Secretary Paulson this morning, and I will meet with him later on today.
In recent weeks, the federal government has taken extraordinary measures to address the challenges confronting our financial markets. We've taken control of Fannie Mae and Freddie Mac -- the home finance agencies -- to help promote market stability and to ensure they can continue to play a role in helping our housing market recover. This week, the Federal Reserve acted to prevent the disorderly failure of the insurance company AIG -- a development that could have caused a severe disruption in our financial markets and threatened other sectors of the economy.
Yesterday, the Security and Exchange Commission took action to strengthen investor protections and step up its enforcement actions against illegal market manipulation. Last night, the Federal Reserve, in coordination with central banks around the world, took a substantial step to provide additional liquidity to the U.S. financial system.
These actions are necessary, and they're important. And the markets are adjusting to them. Our financial markets continue to deal with serious challenges. As our recent actions demonstrate, my administration is focused on meeting these challenges. The American people can be sure we will continue to act to strengthen and stabilize our financial markets and improve investor confidence.
Thank you.
Please not another 4 yrs. of this........bush is clueless.
Nicely said, Mr. President. You're a beacon of hope in these tough times.
For all the substance that speech had, he could have just phoned it in. He looked pissed that he was having to deal with this in the first place. Doubt this was on his closing agenda for this eight year adventure in his life.
I bet Mr. Chimp can't wait to get out of office so he can get back to Crawford, clear some brush, and get hammered every night.
It looks like the "doom and gloom" that the Wingnutz have been mocking has finally arrived.
Worst. President. Ever.
And a huge shout out and thank-you to good old Ronnie Reagan, too!
I swear it sounded like he said "console with my ..advisors" and not "consult with my ...advisors." Makes as much sense either way.
I keep hearing this term, "socialized capitalism."
I wish somebody could articulate for me the difference between that and fascism. Because I'm not sure I can see one.
This is exactly what happens when someone who wasn't chosen by the American People occupies the office under false pretenses. IMPEACH our failure to right the ship,
Did you notice that in the little less than 2 minutes the Chimp spoke, the Dow dropped about 30 points?
This idiot has run this country so badly into the ground; everything he does from here on out is just going to hurt us even more.
How's that "legacy" lookin'?
...what was that book???...uhh disaster economics? shock doctrine? uhhhh naomin something?
what was that about?
uhhh...can I get a couple million?
He had to pull himself away from his GameBoy.
Hey, Junior, mission accomplished!
I feel better.
Way to lead us through this time of crisis, Mr. Prez. Didja all hear Chris Matthews hammer away at the repub dude "Where is the president???? Why haven't we heard from him??" last night? Maybe Chimpy heard him too. You know, Chris pissed me off to no end during the primaries, but he's been on fire lately!
Let's see when middle and lower class kids are going into the 2003-2007 meatgrinder of Iraq he wanted to stay the course.
When his daughters' trust funds may be threatened he takes"extraordinary measures"
It sounds to me like class warfare, ......................its time to declare it and revoke the phony truce we have with the rich.
Wow! How inspiring! Should I make a down payment on the crate I will probably be living in?
So much for leaving the financial security of this country to someone with an MBA. That is what he supposedly has, isn't it!
he looks like he's sucking on a peppermint or something. did they just pull him away from the TV?
I think BUSH mailed it in regarding his presidency months ago..
Now he's just running out the clock!!
Why hasn't this war criminal been impeached? It's outrageous he still thinks he's president.
"This week, the Federal Reserve acted to prevent the disorderly failure of the insurance company AIG — a development that could have caused a severe disruption in our financial markets and threatened other sectors of the economy.
A more orderly failure to resume as soon as we have had a chance to see how my cronies can maximize their take.
He's gonna 'loosely' monitor the situation? Nice George, don't change your governing style now.
By year's end, Bush Jr. would break all of US Presidents worst records. Heck-of-a-job, Bushie.
First, don't complain when this ignorant, legendary language butcher makes a speech short. Second, Dumbya has thrown in the towel, he's completely given up....let his sorry ass go.
C'mon, let's give him a break. He canceled his travel plans. Poor guy. Guess he gets a staycation like the rest of us.
"I’ve canceled my travel today to stay in Washington, where I will continue to closely monitor the situation in our financial markets and consult with my economic advisors."
LOLOL. Our PRESIDENT! LOLOL!
Basically, he's confined himself to his room for his bad stewardship of the economy.
What a freakin' fraud.
Tweety yesterday called Bush's silence on the economy, "Another Katrina moment." And Joan Walsh, from Salon, agreed. I believe we are at the obyss. If McCain wins, it's all over.
Again,
Where is Bill Clinton talking about the economy???
Where is Hillary Clinton talking about health care and education???
Where is Bill Richardson talking to the latin community???
Hell, Where is Barney Frank talking to the GLBT community???
Come on democrats is time to put the big guns into the spotlight!!!!!
I'd bet that campaigners and fund raisers in Florida strongly suggested that Bush stay in DC and monitor the situation from there.
General Jack D. Ripper @ 4:
Doesn't he go to Crawford two or three times a month and gets hammered every night anyway?
The economy is trashed because of the neo-kkkons and we're supposed to be comforted when their #1 puppet gives a 4 minute pep talk?
They should have at least had the intellectual honesty to hang the "Mission Accomplished" banner over his pointy little head today. This is, after all, exactly what they set out to do - isn't it?
We could get better financial analysis and insight from Punxsutawney Phil. Two more years of winter.
The country destroyed...because Poppy didn't wear a condom.
This would almost be funny if it weren't so pathetic... talking about loosing a grip on reality AGAIN!!!
Did his mommy's cookies have too much "dumb as a stump" powder in them this time??? He must have eaten until he couldn't anymore....
CABLE RACE, TUES, SEPT 16
HANNITY/COLMES 3,136,000
O'REILLY 3,060,000
GRETA 2,908,000
HUME 1,977,000
COOPER 1,828,000
RACHEL MADDOW 1,801,000
SHEP SMITH 1,724,000
KING 1,710,000
OLBERMANN 1,635,000
GRACE 1,166,000
DOBBS 1,156,000
HARDBALL 821,000
I was going to remark that Bush was damned if he does, and damned if he doesn't, as everyone here was mocking Bush here last night on the Chris Matthews thread when he was screaming bloody murder for Bush not appearing before the nation, like that's going to make anyone feel any better. But now I see that other than the blogs who show his videos, hardly anyone watches Mr. Leg-boner on TV any more.
Pardon the unintended code reference, but no wonder he seems angry.
Where's Dennis to blame this all on Clinton?
"Hold . . . hold . . . Operation: 'Transfer of Wealth' is COMPLETE!!!"
P.D. @ 28:
My Pet Goat + Katrina + Wall street meltdown = 3 strikes.
Deer-in-the-Headlights Bu$h strikes out again.
Spot on Jose H, if they lose this one they should be exiled.
I can't help but quote Private Hudson (Bill Paxton) from Aliens:
"He's coming in. I feel safer already."
Bush is upset because he thought that his legacy was only going to include- worst terrorist attack in US on his watch, worst job losses in history, worst foreign policy blunders, worst commander in chief, most tax giver awayer, Habeas Corpus killer, worst deficit, worst constitutional trampler, most corrupt administration, and president with the worst grammar... But now he has to contend with possibly being known as the president that oversaw, or caused, the worst economic crisis in US history.
Poor George is sad.
dennis @ 36:
It's called leadership, Dennis.
General Jack D. Ripper @ 4:
Oh, he'll be clearing brush and getting hammered all right but it won't be anywhere near Crawford. It's more likely that he'll be sneaked out of the country to an undisclosed location in a Saudi jet with diplomatic immunity.
Great:Alfred E. Neuman's going to "monitor the situation".
I feel sooooooooooo much better now.
Dilireus @ 41:
What did they discuss? Lunch? Are they meeting for afternoon cocktails?
Liberal AND Proud @ 34:
Babs didn't have Choice.
Audio-Animatronic Bush [credit: ?] has never been one for no steenkin' questions. Deciderers just decide, they don't answer. To any of us.
Wow...we're all safe now.
Heckuva of job....asshole!
You can see the thought bubble over Chimpy's head..."Just another damn four months...and I woulda been in the clear...FOUR DAMN MONTHS!!"
Why weren't we smarter in 2000, and 2004? I can't believe half this country voted for such a baffoon. Are we that friggin stupid? We couldn't be bothered to inspect this man? Incredible.
Bill @ 2:
Nicely read. I feel much better about my shrinking savings.
I think what Matthews was talking about yesterday was a prime time speech with depth and explanations about where we are and where we're going financially. Instead we got an early morning drive-by blurb.
Liberal AND Proud @ 34:
Barbara wanted to "feel him". Guess who's feeling it now?
P.D. @ 51:
Cause the terrarists were comin' to get us!! Thank GOD , George Bush is our President. We're safe, everyone. We're SAFE!!!
What a fuckin' coward. I really feel sorry for you guys, being from Canada we would would have tossed his ass out years ago. Sadly you haven't got that choice. Hopefully in the future you'll be able to kick out lemons such as him.
pissed off patricia @ 53:
We were hopin for a reach around...and we got a dry hump.
dennis @ 36:
From all accounts, he still hasn't done anything. He gave a short meaningless statement, then went back to bed. Republicans say they value merit and hard work, but when it's their own guy, he's supposed to get cheers just for showing up.
nkd @ 18:
I can tell you everything that's taught in all the MBA courses in the world in about 5 sentences:
1) Buy low, sell high.
2) Three things matter in bidness: Location, location, and location.
3) There's fool born every second (Alternatively, in the Car bidness: There's an ass for every seat.)
4) Never give a sucker an even break.
5) Fuck your dead mother, if the price is right.
If I've left anything out, I leave it to you supply the missing knowledge.
Translation: I've canceled my travel today to stay in Washington, where I will crack open a bottle of Jack Daniels, turn on Sean Hannity, and closely monitor my only remaining fan club.
I see a little of Forrest Gump in GW. "RUN, FORREST, RUN"
Liberal AND Proud @ 57:
Pretty much.
Liberal AND Proud @ 46:
American Flight 666 from Bogota arrives at Dulles in twenty minutes.
pissed off patricia @ 53:
I guess we'll find out tonight if this is what Matthews will settle for.
timmm @ 52:
Here's a goody bag for ya. It's got some AIG in it. enjoy.
Liberal@55, True. In 2004 Americans were scared silly, I wasn't. I saw the scare campaign for what it was, Total shit. But in 2000, I was stunned people put so much faith in Bush. The Religious Right totally screwed us.
fastfeat @ 54:
Ok..enough enough...I'm gonna have to wash my brain out with bleach to get rid of the imagery.
The Bushies are really put out that they couldn't put off all this shit until after Obama takes office next January. Their intention was to hope and pray things would limp along and that the really big shit wouldn't land until after Boosh left office - then the Republic Party would go into Blame Democrats mode.
The dike simply couldn't hold and now Cheney/Boosh have actually had to do something and pretend they give a flying fuck. They got theirs (and Boosh DOES still have his "ranch" in S. America to escape to).
Latest daily tracking polls:
Gallup: Obama +4
Daily Kos: Obama +6
Diageo/Hotline: Obama +3
Given that Gallup is a five-day rolling average, I would expect a fairly precipitous shift to Obama over the rest of the week. Let's hope it stays!
Come on, let's get real folks. The bulk of the real estate boom took place under Clinton's watch, and it was under Clinton that much of the deregulation took place.
Clinton was VERY friendly to big business. Maybe not quite so chummy as the Bushies, but awfully damn friendly in any case.
Blaming this all on Bush is short sighted. Besides, there plenty of things that ARE 100% all Bush's fault. Why he's not been impeached is a national shame.
Gumby69 @ 56:
We had a "chance" to throw the cocksucker out. It was close enough to steal, and the Right stole it, again. And if they want it, they'll steal it again, without so much as a ripple of complaint from the compliant...
P.D. @ 51:
Is that a rhetorical question? Remember that headline in one of the major foreign newspapers the day after he won in 2004 that read something like "How can 59,847,348 people be that stupid?"
Before he leaves, Iran.
Israel needs a 1000 bunker busters ,some rumored to be the usable tiny nukes that bush creams about, for a send off for boy george?
The finale is going to be a show stopper !
I'm from Detroit but I live and work in Washington, DC; has anyone read anything about the auto industry asking for a similar bailout? I'm having a hard time finding information.
Who cares?
Did anyone actually time the speech? I had poured a glass of ice tea and was sitting back waiting to see what he had to say. When he closed the speech I was sitting there in disbelief. I couldn't believe as important as this crisis is, he would only have a hand full of sentences, half or which were about his schedule for the day.
Praedor Atrebates @ 68:
That's the most insightful analysis I've had this week on this FUBAR mess, PA. Makes sense.
woody, tokin librul @ 59:
Negotiate a contract with a big severance bonus and then steal as much as you possibly can before they catch on to what you're up to and fire your ass.
Why are you such a damn dumb tard turd?
What travel plans exactly is he canceling? NOBODY wants him anywhere near them or their campaign. Even the Bloomberg report did an entire article the other day about how empty his schedule is from now until the election save for a couple of out of the spotlight, secretive fundraisers.
Besides that, it doesn't give me a comforting feeling to know that the very people who drove us into this ditch are going to cancel their travel plans, stay in Washington and closely oversee this crisis as it continues to develop.
In the South we call that leaving the fox to guard the hen house. The metaphor couldn't be any more suitable to the situation.
Alaska @ 74:
True
Now go and crawl back under the rock that you came from!
ThunderMonkey @ 31:
Well, come January 21, 2009, he'll be getting hammered every night permanently!
Dan @ 70:
However, Clinton remembered he was in the government and was friendly to big business. Bush/Cheney ARE Big Business with no government. big diff.
Where in the hell is the republican swagger from that rugged indiviualist? The speech slurring was present, just enough to remind you Jepeto hasn't worked ut all the string problems witht his puppet.
Where was that caonsevative republican FREE MARKETEER ideology?
You know, the saying of GOv't getting out of their way? They will correct themselves? Let Corporate America and the multi national corporations govern the American people. No need for a constitution. Corporations can regulate the workers and Gov't just needs to stay out.
Unless their was too much outsourcing of cost andinsorucing of profit.
Like the PRIVAYE SECTOR as Blackwater on the Gov't payroll. Haliburton? Will the American taxpayer have to bail out Blackwater soon?
Freemarketeers as Bush likes borrowing to cut taxes for certain individuals but relies on the average American tax payr for these privatizations and bail outs.
Did you notice Bush left out McCain and Palin's mantra that the basics of the economy is strong?
They think it is strong because the average workers have their Social Security still and that money can still be taped to bail out a private corporation.
constituent @ 1:
Once again, for 5,329,616th time...Bush and Cheney are NOT IDIOTS!!
They have successfully bambooozled this country out of trillions of dollars and are going to get away with it.
Do you think this is an accident? This is going just according to plan. Money shifted from taxpayers to the top of the economy.
People out of work, losing there homes...a disaster! And like in any disaster, harsh measures are needed!
Racism, greed, and unbridled power are again destroying the working man and enriching the elites!!!
And all the while YOU continue to watch tv, drink beer, drive your suv, shop at wal mart, go to ballgames....and adhere to the
idea that our rulers are IDIOTS!!
Who are the idiots??
Those who stand and watch tv while their house burns down around them.
Why didn't he wear his old cheerleader outfit?
I used to read this blog Ace of Spades www.ace.mu.nu... and all they did was mock people who talked about how the economy wasn't sound.
Everyday they would post "More Cowbell" notices and brag about how the stock market was doing.
They constantly jeered at anyone who had the wisdom to point out that the stock markets were headed in an unhealthy direction, that the credit industry was unhealthy, and that middle class people were threatened.
They were so smug about how great the Bush economy is.... how great deregulation is... and on and on.
Today they aren't bragging about the economy. Nosiree... today they are blaming it on Carter! Carter! And they are blaming Carter because his administration cracked down on redlining.
Disgusting.
Ah true leadeship! (rolls eyes)
pissed@76, Don't worry. You missed nothing. What a sad, destructive person Bush is. Wonder if Laura will divorce him after he is out? I would.
Alaska @ 74:
Does this help. It's in the NYT so you may have to sign up if you aren't already
Alaska @ 74:
Saw a little on one of the early AM TV news programs today. They see the banks getting theirs, and have their bags open, before the Halloween candy is gone...
tjb @ 73:
I don't think he'll bother with Iran now. Shits' really hittin' the fan now. A new war to distract us won't work again. He would definitely be impeached if he tried that.
Dilireus @ 72:
It's only amazing to me that the number was so small. Murkins have been schooled to helplessness, incompetence, and ignorance for about the last 40 years. Both are requirements for the effectiveness of the consumer/corpoRat State.
Liberal AND Proud @ 34:
His mother should have had an abortion rather then to give birth to such an abomination. The entire family should be sterilized so they can't breed any more idiots like this!
Spock @ 82:
He already smoked it up.
You can see it on his face. He's just like, "is it January 21st yet?"
That's okay, DUHbya. We all feel the same way about your presidency.
For my entire lifetime it was known as The Great Depression. For the rest of my life I will call this The Bush Depression.
What he's not doing now underscores how really limited and bad his whole Party is. Where's FDR when we need his inspiration.
It is impossible to get elected and be "unfriendly" or even "neutral" towards big business.
Remember, the media industry is a big business, too.
Impeach this bastard... DON'T let him get away with it.
Liberal AND Proud @ 43:
Harry Reid showed leadership yesterday when he said he had no clue what to do?
He had the presence of mind to blame everything on Republicans, which somehow in his mind is showing leadership, I guess.
New Gallup. Obama leads by 4. 48-44.
Worst. President. Ever.
Liberal AND Proud @ 43:
"Bush is damned if he does, and damned if he doesn't"
Tough defending bullshit, huh Dennis? Today Dennis has tried every method possible to justify what his Jim Crow Party and his hopeless Murderer President has done and will do to the Nation if given more opportunities....he's presently in victimland.
67 Liberal AND Proud Says: fastfeat @ 54:
Liberal AND Proud @ 34:
The country destroyed…because Poppy didn’t wear a condom.
Barbara wanted to “feel him”. Guess who’s feeling it now?
Ok..enough enough…I’m gonna have to wash my brain out with bleach to get rid of the imagery.
_____________________________________________________________
She shoulda taken it through the back door.
So glad President Foster Brooks is "moni-turing the sishu-a-shun ..."
Frankly, I am surprised that Bush didn't demand that Congress take immediate action to drill for oil and cut taxes in order to deal with this terrible problem.
Darn that Congress!
Mick Piobr @ 87:
Jeff Gannon kept it.
Much like the 7 minutes he sat in the classroom on 9/11 with a panicked look on his face, or the 3 days he ignored the aftermath of Hurricane Katrina, America is in crisis and this LOSER sits on his ass looking dumb and acting stupid.
WORST PRESIDENT EVER
87 Mick Piobr Says: Why didn’t he wear his old cheerleader outfit?
Does it come with frilly panties?
I expect that Bush was monitoring the situation so he could keep track of his own investments.
Gumby69 @ 93:
You ARE joking, right? A new war is JUST what the Doctor (Kissinger) ordered to fix up domestic chaos and confusion, and to sort out the markets. Nobody in COngress has the stones for a confrontation now. The best you can hope for is that the fascisti fall under a train, en masse...
dennis @ 101:
We ain't happy with Reid, or Pelosi either dennis.
And while some of the blame can be laid on the shoulder of a FEW Democrats, the vast majority of the blame lay squarely on the shoulders of the repugs...that you can't deny.
But I know you're gonna try anyway.
Bush said nothing that anyone paying attention didn't already know. Everything he stated can be found by reading a few headlines. Bush is as clueless as McCain is on economic matters and it clearly shows.
Enabled by the worst. Congress. Ever.
ysbaddaden @ 105:
How un-xtian...
fastfeat @ 108:
He's under STRICT orders only to wear it when Rove drops by.
Yeah, Im also surprised by that.
Bush should have called for driling for oil beneath wall street.
bush feels like we, the American people are
taking away from his vacation time.
bush does not care about America
he only cares about himself.
FUCK BUSH AND CHENEY
bubba @ 102:
What's the MOE? In any case, it's pathetic. With the current economic news, the Dim candidate in a Pres. election should be up 20 points. Any guesses (he's black?) why not (he's black?) or what (he's black?) the problem (he's black?) is (he's black?)?
Dennis muses: "Bush was damned if he does, and damned if he doesn’t"
I think that once you dedicate your life to evil (war, torture, and taking bread from the mouths of the starving) I don't think that it really matters whether you do a press conference or not. So, yeah, he may very well be in trouble either way.
Although he can always repent and try to undo the bad he's done. But he might be in too deep. He dedicated his soul to the Skull and Bones.
On his international lecturing tour to fill the old coffers..
EJG @ 95:
They should have made Dubya the commissioner of professional baseball... As Bob Costas put it: "What would have been the worse thing he could as baseball commissioner? Invade the NFL?"
Joe O. @ 114:
I completely agree. Neither of them knows anything nor appears to sincerely care. Since we found out today that McCain has no clue where Spain is, I doubt he knows much about the disaster on wall street.
Bush looked pissed that he was having to deal with this instead of going golfing or giving the German President a massage or getting drunk at the Lim-pics in front of the World.
pissed off patricia @ 62:
Polling fact:
The more time Bush is on TV, the lower McCain's numbers.
Bush is being asked to do nothing for political reasons for McCain and GOP.
Anyone catch the live Palin speech today from Ohio?
I saw it on MSNBC.
She actually said, "...and a PALIN & McCain administration is going to help small business owners!"
YAAAAAAAYYYYY!!!! applause!!!
She actually gave herself top billing on the ticket today.
Left&Left @ 104:
How did I defend him? I'm just pointing out that there is absolutely nothing he could've done or said yesterday or today that wouldn't have been met with complete mockery from the Left. If you want to deny that, fine, but it has absolutely nothing to do with your boring and unending Jim Crow racist narrative, Left².
"That's right, me and Pauly...I like to call him Pauly...Hey, you don't mind if we walk and talk and hold hands and I call you Pauly, do you? I know it's a little weird, but just go along with it. Anyway, me and Pauly are gonna clear away lots of this-here financial brush becuase I knwo that the American people want that...don't you?...hello? hello?
Bush's simple commentary had no effect on investor confidence that is for sure. Just take a look at the price of gold as an example. Gold shot up about $90 in one day (yesterday) and another $45-47 today. Foreign investors have to be very worried about all of that U.S. debt they are sitting on that is for sure.
SwingingJohnson @ 127:
She clearly intends that this VP deal is just temporary, merely a stepping stone on to greater things, l ike exgterminating all the polar bears and wolves in the wild all over the world, because, you know, they eat moose that belong to her (dominionist) ass...
alcoholic
a marxist perspective
Whew...Bush to the rescue....he hasn't failed us yet! Keep it up good ol' Bushy boy! ::rolls eyes::
SwingingJohnson @ 127:
Doesn't surprise me that she would do that. I think she feels this is her ticket. What I want to know is why Todd is everywhere she goes? She and McCain were putting flowers at some memorial and there was Todd with his flowers too. If McCain wins will Todd be the co-vice president?
liberalNmoderation @ 113:
Either that or he's gonna follow his Con leaders' example and start saying "now is not the time to point fingers."
woody, tokin librul @ 131:
She also blamed Obama's incompetence for this stock market crash.
YAAAAAAAAAAAAAY!!!! More applause.
Unfuckingbeleivable that they could find that many dumb people to fill up a small hall in Ohio.
Left&Left @ 104:
No.
McCain is damned if Bush does, and Bush is damned more if he doesn't. So that's why he's just being half-assed about it.
penis @ 101:
I guess that some people don't realise that these last two years of a slim Democratic majority was met by a Republican party that broke the record for filibustering by either party in the last two years.
So it's all the fault of the Democrats.
It's ****tards like this that voted for chimpy.
Now we all get to lose our pensions and homes and jobs and sons and daughters and idiots like this are still working hard to get another Nazi elected and pointing their slimy little booger stained digits at everybody else for the blame.
I hope that you are satisfied you smug, cruel little turd.
Actually, I half believe that Boosh/Cheney are cheering Paulson on, pushing for more big buck bailouts. Why? They have already been trying (and largely succeeding) to bust our bank with their idiotic expensive and shit militarism, tax cuts, and whatnot...but social security is still not privatized and all other guvmnt functions haven't been shut down or privatized yet either. MADDENING!
So, this financial collapse comes along and what do they do? Double down on the war nonsense by getting goofy with Russia AND Pakistan AND Iran, continue to run up the bills in Iraq and Afghanistan, and now this bailout game. Hell, if they can get Paulson to keep on with the big-assed bailouts, they figure they can FORCE Obama, the next President, with his Democratic Congress to cut social programs (Sorry you college kids, no more loans for you! You should have had the smarts to have been born wealthy if you wanted to go to college!) and "do something" with social security (ie, privatize it) whether they want to or not.
Me? I'd rather we default on our debt than shut down social programs. Cut the military budget by at least 50%, raise taxes on the rich and on outsourcing corporations, create tax penalties for any and all corporations that inhibit unionization of their workers, provide tax benefits to those that allow unions to form unimpeded, and tax the crap out of oil companies. Do precisely the opposite of what the neocons/neoliberals (they are all the same) with their Chicago School bullshit economic mass murder programs want us to do.
From AP: The Fed plowed as much as $180 billion into money markets overseas. At home, the New York Federal Reserve acted to ease a spike in overnight lending rates by injecting $55 billion into the banking system.
That's another $1000 per person we just spent. Feel better now?
I don't know who's damned and who's not but I do know the rest of us are fucked!!
ysbaddaden @ 105:
She did!
I used to live in D.C., now Florida. I have a humble request for all you Obama supporters in D.C.:
When Obama is sworn in as President, can a few thousands (ten thousands?) of you gather around the White House fence on the South Lawn where you can see the helicopter that will finally take Bushboy away and in LOUD clear unison sing the following lyrics:
Nah-nah-nah, Nah-nah-nah-nah, Hey-hey-hey, GOODBYE!!
Nah-nah-nah, Nah-nah-nah-nah, Hey-hey-hey, GOODBYE!!
Nah-nah-nah, Nah-nah-nah-nah, Hey-hey-hey, GOODBYE!!
... and keep repeating 'til he's flown out of sight? The single-digit salute might be appropriate, too.
Just wonderin'.
Good news for the economy!!
In 2009, construction will begin on the George W Bush Presidential Library at Southern Methodist University in Houston!
The cost is projected to be over $200 million! Construction jobs!!
I can ('t) wait to check it out.
Dan @ 70:
This is the result of 26 years of REPUBLICAN Congresses and Presidents.
Bill Cllinton BALANCED the budget while fighting off a hostile GOP Congress. They never cared about the country. His success was because he was smarter than ALL of them. He called the bluff of the GOP jackasses and those smucks shut down the country...TWICE!!! LOL. MORONS.
"I’ve canceled my travel today ..."
Why doesn't he just come out with it and just say, "I've cancelled my fundraising activities with the very people who've fucked you over."
lj @ 145:
That's an awful lot of money for a library that only holds the one book the retard ever read.
WH: THE PRESIDENT: The American people are concerned about the situation in our financial markets and our economy, and I share their concerns. I’ve canceled my travel today to stay in Washington, where I will continue to closely monitor the situation in our financial markets and consult with my economic advisors.
What will you and the Boys talk about ?........... How to finish the hatchet job you've done on the economy?
Maybe if your "Economic Advisors" weren't a bunch of cronies that helped create this disaster in the first place, I'd have a little more faith in that statement!
bush..........the beacon of dope. thanks for the hope and guidance
'mission accomplished',katrina fly over,'go shop' and no questions
in response to this financial melt down.
listen to bob woodward interviews about his recent book. bush is a poor communicator.
people voted for BUSH instead of mcLiar(2000). now they want mccain
because he has all the answers wow.
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