Bush address to U.S. people: 'Our economy is in danger'

Forums: Bush, Economy, Mortgage Crisis
Email this Topic • Print this Page

Quote:

I know many Americans have questions tonight: How did we reach this point in our economy? How will the solution I propose work? And what does this mean for your financial future?

These are good questions, and they deserve clear answers.

Topic Stats
Top Replies
Link to this Topic

Type: Discussion • Score: 2 • Views: 1,515 • Replies: 14

[+3] - dyslexia - 09/25/2008[quote="cicerone imposter"] Sent to me by a friend in Australia: Quote of the week: "Henry Paulson is to finance what Donald Rumsfeld was to military strategy, Dick Cheney...

@Robert Gentel,

You can read the full transcript above and make up your own mind, but I think Bush did a surprisingly good job at explaining the causes and the reasoning behind government intervention.

He didn't address the differences that exist on the nature of the intervention, but he's spot on about the causes and the action needed.

Edit: and in other good news the Bush administration has shown more willingness to compromise on the nature of the bailout.

Bush: Bailout plan necessary to deal with crisis

Quote:

The White House had been taken a mostly hard line during the negotiations with Congress, but it is signaling a new spirit of cooperation that suggests the administration realizes the situation is so serious that it will have to compromise in order to get something done.

"This is not take-it-or-leave-it," a senior administration official said earlier Wednesday. "We'll accept changes."

1 Reply

@Robert Gentel,

I read it in it's entirety and agree that the causes and actions are clear. I also appreciate that after eight years of hearing your either with us or your against us he's accepted that politics as usual can't fix this problem. Thanks for the transcript so that I could read it in my own voice.

1 Reply

@JPB,

Sent to me by a friend in Australia:

Quote of the week:

"Henry Paulson is to finance what Donald Rumsfeld was to military strategy, Dick Cheney to geopolitics and Michael Chertoff to flood defence."

-- Anatole Kaletsky, "Save the world? Hank just didn't have a clue", in The Times, 25 September 2008
http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article4820549.ece

2 Replies

@cicerone imposter,

With all the red flags from the past on Bush, our congress is now discussing how to implement it. What's wrong with this picture?

1 Reply

@cicerone imposter,

cicerone imposter wrote:

Sent to me by a friend in Australia:

Quote of the week:

"Henry Paulson is to finance what Donald Rumsfeld was to military strategy, Dick Cheney to geopolitics and Michael Chertoff to flood defence."

-- Anatole Kaletsky, "Save the world? Hank just didn't have a clue", in The Times, 25 September 2008
http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article4820549.ece

I think that's just plain silly as well as trite.

1 Reply

@dyslexia,

dys, That's only one opinion. What's your problem?

2 Replies

@cicerone imposter,

Here's another "opinion."

http://www.nytimes.com/2008/09/25/business/25value.html?exprod=myyahoo

0 Replies

@cicerone imposter,

because I have an opinion I have a problem?

1 Reply

@dyslexia,

No, but what's your point? Just a poo-poo on my post? Go find someone else to spam.

1 Reply

@Robert Gentel,

Bush is trying to shuck off the blame onto Congress. He waiting until the crisis reached the boiling point and offered his Shock Doctrine with Paulson having dictatorial powers. Do not have regulations at the disposal of the Executive Branch only. It was planned a while back as they knew there was a crisis they want Congress to approve a bill to give them more power. Pass a temporary bill with more bills to follow. Take care of the immediate cases only not the whole package. Also make sure that the power given is limited with Congressional approval required on all cases. Bush created the mess so giving them more power to deepen the mess is not a good idea. They need supervision.

If a child breaks the dinner plates do you let him/her full access to the kitchen dinnerware? Come on Nancy, don't be fooled!

1 Reply

@talk72000,

That's been Bush's SOP; always claim something is going well like the Iraq war (how many times did he say the word "progress"?), and our economy (our economy is fundamentally strong), then it turns into a crisis with ways to correct all his past rhetoric.

People do not seem to learn from all the past lessons.

0 Replies

@cicerone imposter,

cicerone imposter wrote:

No, but what's your point? Just a poo-poo on my post? Go find someone else to spam.

Where's the POO-POO? In Chicago?

0 Replies

@cicerone imposter,

cicerone imposter wrote:

With all the red flags from the past on Bush, our congress is now discussing how to implement it. What's wrong with this picture?

What's wrong is too many folks don't seem to see all the RED FLAGS now surrounding Obama and his CREW...

1 Reply

@Miller,

According to the latest polls, most Americans disagree with you.

0 Replies

Bush address to U.S. people: 'Our economy is in danger'

Related Topics

Quick Links

My Account

able2know