The Bush Response

[RuMR]

I am not concerned about any of this. Earlier today Joe Biden promised me enough money for a new toaster.

as opposed to Palin building half a billion dollar bridges to nowhere...

[pink]

i heard castro has some rice cookers left over

[prole]

Think roasting hot-dogs in the solar cookers you made in middle-school science class.

[pink]

think baking pot brownies in your easy bake oven you got for christmas

 

 

 

[prole]

On Wall Street, you know that America's economic leadership rests on strong and flexible capital markets. Capital markets connect entrepreneurs with the investment they need to turn their ideas into new businesses. America's capital markets are the deepest, the broadest, and the most efficient in the world. Yet excessive litigation and over-regulation threaten to make our financial markets less attractive to investors, especially in the face of rising competition from capital markets abroad. To keep America's economic leadership, America must be the best place in the world to invest capital and to do business.

 

-- from George Bush State of the Economy Report, New York Federal Hall, January 31, 2007

 

In brief formal remarks outside the Oval Office, Bush sought to show that the administration is moving swiftly and aggressively by taking "extraordinary measures."

 

The White House says those measures, a series of loans and takeovers, will help protect the broader economy and therefore everyday life.

 

But the president used language that resonates more with market analysts than the public.

 

As he put it, "The American people can be sure we will continue to act to strengthen and stabilize our financial markets and improve investor confidence."

 

Bush did not specify what those steps might be. White House press secretary Dana Perino said she could not comment on them, either.

 

"I can't tell you where this ends. I wish that I could," Perino said. "But we will take any necessary steps to deal with this in the days that follow."...

...The trouble facing the markets — Bush called them serious challenges — have put the White House into crisis mode.

 

But Bush has behaved very differently than in previous crises, such as around the start of the Iraq war, of after Hurricane Katrina hit in 2005 or last month's invasion by Russia of tiny neighbor Georgia. In those cases, Bush would talk nearly every day on the issue. This week, he has kept a lower profile.

 

His remarks Thursday were his first since Monday. And he has spurned every attempt by reporters to ask questions about the developments, including again on Thursday. As he finished his very brief statement and turned to walk back into the Oval Office, a reporter asked if he believed the economy was still sound. The president kept walking.

---from AP 9/18/08

 

Keep walking.

[fear_and_greed]

This is a message from your government:

We will prop up any failing institution.

We will stop free market practices that are deemed detrimental to the state.

The markets especially bank stocks, will rise substantially tomorrow.

That is all, over and out.

[prole]

 

"Your Bad Debt No Longer Exists. You're welcome."

 

[Jim]

Maybe The Idiot has finally grasped what we have all known for a while - this is a failed presidency.

[prole]

This is a failed paradigm.

[TREETOAD]

I can lend you a few bucks