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Where's GW in this economic turmoil?
Posted by: gw ()
Date: September 19, 2008 07:17AM

http://www.politico.com/news/stories/0908/13579.html

"On Monday, the Dow Jones industrial average dropped 504 points, its worst drop since the attacks of Sept. 11, 2001. But Bush did not address the nation that night.

Instead, he held a state dinner for the president of Ghana. Gratin of Maine lobster, late-summer corn pudding, ginger-scented farm lamb and graham cracker crumble with cocoa pod shell was served. Eleven members of the cast of “The Lion King” came down from Broadway and performed. It was quite a bash. The Washington Post described President Bush and Ghanaian President John Kufuor as “ebullient.”

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Re: Where's GW in this economic turmoil?
Posted by: Voter ()
Date: September 19, 2008 07:34AM

Yeah, but Shrub said yesterday in his two minute statement that he was closely 'monitoring the situation'. I know I felt better almost immediately.

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Re: Where's GW in this economic turmoil?
Posted by: conVince ()
Date: September 19, 2008 08:45AM

I guess you guys don't read the news... if you mosey on over to an actual news source you'll see news of various plans that have the markets up worldwide, to the point where even after two days of staggering losses this week we could see the Dow positive for the week. Bush owns that, it's his people doing the work. So what if he's hosting a dinner? I don't give a shit as long as my portfolio ends up okay.

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Re: Where's GW in this economic turmoil?
Posted by: Voter ()
Date: September 19, 2008 09:00AM

Oh, the markets are up? I guess the crisis is over and everybody can relax now. That was a close one.


conVince Wrote:
-------------------------------------------------------
> I guess you guys don't read the news... if you
> mosey on over to an actual news source you'll see
> news of various plans that have the markets up
> worldwide, to the point where even after two days
> of staggering losses this week we could see the
> Dow positive for the week. Bush owns that, it's
> his people doing the work. So what if he's
> hosting a dinner? I don't give a shit as long as
> my portfolio ends up okay.

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Re: Where's GW in this economic turmoil?
Posted by: pgens ()
Date: September 19, 2008 09:11AM

I can see the point of all posts, but the clear allegation of the original post was the Bush was doing absolutely nothing this week, when it is now clear the administration was doing something. "conVince" didn't argue that the crisis was over, nor has anyone claimed the crisis is over. Fault Bush for a totally incompetent SEC, but even Democrats in Congress have expressed relief that the "Gang of Three" (Paulson, Bernanke, and Geithner) understand the issues (congresspeople don't) and can competently address them.

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Re: Where's GW in this economic turmoil?
Posted by: Voter ()
Date: September 19, 2008 09:20AM

Look, I for one would like to see more of Bush attending dinners, reading from children's books, cutting ribbons, or whatever other relatively harmless activities we can find to keep him busy and not fucking anything else up. Anything he would add to the process would likely not be helpful. I don't have an awful lot of confidence that these bailouts are the right thing to do. They might be, they might not.

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Re: Where's GW in this economic turmoil?
Posted by: Eastsider ()
Date: September 19, 2008 10:04AM

LOL!

Voter Wrote:
-------------------------------------------------------
> Oh, the markets are up? I guess the crisis is
> over and everybody can relax now. That was a
> close one.
>

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Re: Where's GW in this economic turmoil?
Posted by: Registered Voter ()
Date: September 19, 2008 11:53AM

pgens Wrote:
-------------------------------------------------------
> I can see the point of all posts, but the clear
> allegation of the original post was the Bush was
> doing absolutely nothing this week, when it is now
> clear the administration was doing something.
> "conVince" didn't argue that the crisis was over,
> nor has anyone claimed the crisis is over. Fault
> Bush for a totally incompetent SEC, but even
> Democrats in Congress have expressed relief that
> the "Gang of Three" (Paulson, Bernanke, and
> Geithner) understand the issues (congresspeople
> don't) and can competently address them.

Harry Reid was pretty pathetic on this though. Granted, I wouldn't expect him to have an answer, but he is so dramatically worthless sometimes.

Glad to see they are doing something, not sure it is all good, but it is something.... We'll see.

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Re: Where's GW in this economic turmoil?
Posted by: pgens ()
Date: September 19, 2008 07:04PM

All the politicians are worthless. All of them assign blame first, try to understand and solve problem second. They guys in the know (Gang of Three and guys like them) address problem first, try to take action to solve it, and assign blame under under duress at congressional hearings. Not to say they didn't help cause problems with prior policies, but pointing fingers will never solve anything no matter who is at fault for it. They can blame all they want after our credit markets and banking system are stabilized.

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Re: Where's GW in this economic turmoil?
Posted by: Vince(1) ()
Date: September 19, 2008 07:20PM

The truth is we are all to blame...

If you constantly are paying the minimum amount on your credit cards..you are to blame.

If your idea of success is to drive a new...expensive...gas guzzling SUV/sports car...you are to blame.

If you bought a larger house then you could afford...you are to blame.

If you leased a car so that you could buy more of a car then you could otherwise afford...you are to blame.

If you leveraged your home to pay for other then a child's education...medical bills or some other true emergency...you are to blame.

If you failed to save for a rainy day..you are to blame.

If you ever flipped a house for a quick profit...you are to blame.

If you really think budget deficits really don't matter..you are to blame.

Bottom line..there are no free lunches!

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Re: Where's GW in this economic turmoil?
Posted by: Voter ()
Date: September 19, 2008 09:08PM

I didn't do any of those things--so we are ALL to blame.


Vince(1) Wrote:
-------------------------------------------------------
> The truth is we are all to blame...
>
> If you constantly are paying the minimum amount on
> your credit cards..you are to blame.
>
> If your idea of success is to drive a
> new...expensive...gas guzzling SUV/sports
> car...you are to blame.
>
> If you bought a larger house then you could
> afford...you are to blame.
>
> If you leased a car so that you could buy more of
> a car then you could otherwise afford...you are to
> blame.
>
> If you leveraged your home to pay for other then a
> child's education...medical bills or some other
> true emergency...you are to blame.
>
> If you failed to save for a rainy day..you are to
> blame.
>
> If you ever flipped a house for a quick
> profit...you are to blame.
>
> If you really think budget deficits really don't
> matter..you are to blame.
>
> Bottom line..there are no free lunches!

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Re: Where's GW in this economic turmoil?
Posted by: Voter ()
Date: September 19, 2008 09:09PM

Meant to say AREN'T

Voter Wrote:
-------------------------------------------------------
> I didn't do any of those things--so we are ALL to
> blame.
>
>
> Vince(1) Wrote:
> --------------------------------------------------
> -----
> > The truth is we are all to blame...
> >
> > If you constantly are paying the minimum amount
> on
> > your credit cards..you are to blame.
> >
> > If your idea of success is to drive a
> > new...expensive...gas guzzling SUV/sports
> > car...you are to blame.
> >
> > If you bought a larger house then you could
> > afford...you are to blame.
> >
> > If you leased a car so that you could buy more
> of
> > a car then you could otherwise afford...you are
> to
> > blame.
> >
> > If you leveraged your home to pay for other then
> a
> > child's education...medical bills or some other
> > true emergency...you are to blame.
> >
> > If you failed to save for a rainy day..you are
> to
> > blame.
> >
> > If you ever flipped a house for a quick
> > profit...you are to blame.
> >
> > If you really think budget deficits really
> don't
> > matter..you are to blame.
> >
> > Bottom line..there are no free lunches!

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Re: Where's GW in this economic turmoil?
Posted by: Vince(1) ()
Date: September 19, 2008 10:50PM

oopps..there I go again being that silly alarmist....A lot of us are to blame!

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