That does it, I'm selling!

"As our recent actions demonstrate, my administration is focused on meeting these challenges."

yes your administration demonstrated its socialistic tendancies.

thanks

I was under the impression that they'd been working the last 8 years to CREATE economic turmoil...silly me.

Bush: I'm working hard on economic turmoil

Holy shit, he has finally succeeded at something.

Somebody get that man a pretzel.

The Dow Jones industrials up 400 points following a report that the federal government may create an entity that will take over banks' bad debt.

Nicely handled, W.

-Nicely handled, W.

Just what the stallion said after the milking.

Nicely handled, W.

Another massive tax payer funded socialist program for corporations. Righties love that kind of socialism.

Something to be said about recent second terms....

Clinton got reelected and got impeached.

Bush got reelected and has been sitting on an unpopular war and the shaking of the economy.

Everything that can be shaken will be shaken (Hebrews 12).

Great prosperity ahead! The next president will seat through peace and the country progressing toward greater prosperity.

Don't worry, be happy.

I shared before that Russia will pay --- and is paying now.

As for America, God will repay: for all the wealth and dedicated men and women who went out to serve the nations! God will repay with great economic prosperity.

Look ahead. Your grandchildren will have it better than you prosperity wise.

The Dow Jones industrials up 400 points following a report that the federal government may create an entity that will take over banks' bad debt.

Nicely handled, W.

You know the taxes you're whining about in the other thread? They are going to pay for this catastrophe. You have no leg to stand on regarding taxes if you consider this any less than revolting.

UP NEXT: THE BIG THREE!

Who else will we be forced to give our money to? Tune in next week for the next episode of "I Love Big Government, starring every politician (except Ron Paul of course...that ol' crazy kook).

The American people can be sure we will continue to act to strengthen and stabilize our financial markets and improve investor confidence," Bush said in two minutes of remarks delivered outside the Oval Office.

Whatever Bush recommended -- then do the exact opposite.

Gee, Bush gave Americans a whole 2 minutes of his time today to talk about our economy
he helped put in the tank. Can he spare it?

On second thought, do we even want to look at his face at all?
It's like rubbing salt in a wound.

Oh my God, Bush has spoken, now I can breath a sigh of relief.

The most outrageous bullshit ever is the mindless blather on this site blaming Democrats for this fucking mess.

Not that there aren't plenty of Democrats on the take, there are. But a Republican Congress pressed Clinton to sign their bill repealing Glass-Steagal and then Phil Gramm pulled a fast on the whole country, passing 264 pages of deregulation, written by USB Swiss Bank, by adding it at the 11th hour to a budget bill. He got a cushy job with on the board of USB, his wife got cushy job with Enron, and everyone else got fucked in the ass.

The greedy republicsn reporighties have been getting wealthy from these financial institutions and when that demanded shakey earning practice goes south so does the republicans, but wait, no they stay because the government is going to bail them out.

The republicans are cheering at this but the real question is, who is getting taken? certainly isn't the guy who benefitted through the good times.

You're doing a HECKUVA job on the economy, Shrubie!

At least Bush is trying to do something. The scumbag lib Dems in Congress are actually going to take a recess WITHOUT trying to address the issue at all and it leave the Fed and Treasury to handle because the Democrats are INCOMPETENT!!!!!

So, let me guess...
He got his useless ass in front of a tv camera to babble incoherently for two minutes.

Way to go-bushitter! What a deciderer! Did he say whether he's still tryin' ta milk that horse?
Or is he too busy these days milking Jeff Gannon?

I'm with Snark Needleton on this-somebody give him a pretzel!

UTA,

I have to laugh, the democrats are doing the smart thing, and you republican supporting clowns are so hypocritical.

What happen to hands off, free open markets? The market will take care of itself?

What I do see, is the government is going to take care of the entities that belong and are owned by the federal reserve, or is that just a coincidence.

bush = pretentious cocksucker

"At least Bush is trying to do something...."

I wonder if he still farts when shaking hands with interns?

Back in the days of REAL presidents, the president would have pre-empted programming at 9pm Eastern time back on Tuesday. He would have at least TRIED to reassure the American people that he was aware of the problem and that he was at least working on it.

I guess we should be grateful Bush wasn't clearing brush in Waco, or we wouldn't hear from him for another week.

What I see is a president and other agencies who know they will soon leave office and feel strongly that they will be replaced by Jimmy Carter's administration and they will have another scape goat to blame all this shit on if they can only keep it afloat until Jan. 20. I don't know what Lehman Bros. did to piss of the administration but it must have been significant to get left behind while everyone else gets free money. Oh, say it ain't free?? Look at your credit card interest rate and then ask yourself are they making or losing money getting 85 billion at 10%????

Um, Lehman went tits up with $700 billion leveraged. Nobody's that stupid to take that much on.

$700,000,000,000 in red ink.

That's Bush's cookie money for his oil war.

The Dow Jones industrials up 400 points following a report that the federal government may create an entity that will take over banks' bad debt.

The key word "May" is why I ignore the stock market. It's all a future's market based on expectations. Bush didn't do anything today but create an expectation that may or may not pan out. Gambling, nothing more.

And when the federal government's new entity doesn't meet Wall Street expectations, the price will drop back down. But it creates another high-low cycle for the day traders to suck money out of.

"At least Bush is trying to do something. The scumbag lib Dems in Congress are actually going to take a recess WITHOUT trying to address the issue at all and it leave the Fed and Treasury to handle because the Democrats are INCOMPETENT!!!!!

www.bloomberg.com

Democrats have no ideas, no plans and no intelligence. All they do is make pretty speeches where they criticize others. Barack Obama, Nancy Pelosi, Harry Reig and others are just pathetic and incompetent."

You may want to consult some of your Republican friends on this one. They were claiming the Democrats wanted to bail out all the irresponsible corporations that lent out too much money to people unworthy of the credit. Now we can see who really supports corporate welfare... the RepubliCONs.

The Democrats also tried to get another economic stimulus package together for the ailing middle class that was rejected by the Republicans. Not that it would have done too much to improve the economy, but while the government is throwing around our money I would like some and it may actually help the economy as instead of paying for past mistakes (of millionaires and billionaires).

Also it is Harry Reid, not Reig.

takitez, in case you are wondering I marked that post as funny. It is no longer a wonder to me why you are voting for McCain and Palin.

DblStd,

Doing Nothing sure beats fucking everyone in the ass.

And would you believe that this here Busch feller knows more about the economy than Ms. Palin, and may even have a higher IQ than Ms. Palin? herm

The Democrats are sitting back and doing nothing because dealing with this mess on an emergency basis is utterly and entirely in the hands of the Executive branch. The White House isn't even informing the Congress about what it is doing. They get to read it in the paper, just like us. Today, the REPUBLICANS in the Senate were publicly complaining that the White House is shutting them out (that the White House would talk to just their party in this time of crisis is inexcusable -- but they cancelled the meeting and left both parties hanging).

BOBSF-
Did you see Bush's statement today, amidst wholesale financial collapse? The petulant asshole didn't take a single question. He just read the pablum written for him and turned his ass and ran.

As for America, God will repay: for all the wealth and dedicated men and women who went out to serve the nations! God will repay with great economic prosperity.

#9 | Posted by takitez at 2008-09-18 06:06 PM | Reply | Flag

I don't think god gives a shit how much money any of us have.

"President Bush said Thursday that he shares Americans' concerns over the financial markets"

Of course he does. The billionaires are starting to lose money.

Yeah.

That new emergency bailout plan, govco taking over bad debt for pennies on the dollar.
This morning there are 739 equities you cannot short, and in some instances you cannot buy, unless you already own it. You cannot borrow to buy.
Yesterday, the feds' emergency window lent 121 billion to the banks. Worldwide, the fed authorized 250 billion in U.S. dollars to be injected into the currency float. Govco is literally begging russia, china and a host of othe nations not to sell their bond positions (this would collapse the derivitives market). The lehman bonds alone prop up some 20 trillion in derivitives. Local and state rainy day funds, retirement plans in dire straits.

They are about to lay some 15-25 trillion in debt onto the backs of the taxpayer, with falling property prices as the only backstop. The con artists have ripped off the entire nation, and are now going to dump their debt onto those whom have already paid the price.

Fascism is alive and well.

That whole "address" and the Drudge headline "Bush Addresses Economic Turmoi" reminds me of the old "Honeymooners" episode where Norton is teaching Ralph to play golf and tells Ralph to "adress the ball" and so Ralph, with a jaunty salute, says "Hello, Ball!" I can see Shrub saying "Hello, Economic Turmoil" and strutting away. That's about how much his whole attitude said he cared yesterday. Right now, he just wants OUT of Washington before the whole house of cards ends up down around his ears.

why, oh, why do they allow this pinhead to get in front of cameras and babble like a clueless baboon? He said nothing, absolutely nothing. He has no idea what's going on or what to do about it.

It's going to be fun seeing what this dumfuk does in his retirement.

Democrats have no ideas, no plans and no intelligence. All they do is make pretty speeches where they criticize others. Barack Obama, Nancy Pelosi, Harry Reig and others are just pathetic and incompetent.

#15 | Posted by utastaff at 2008-09-18 06:51 PM

Well, I guess we'll just have to take your erudite word for it, won't we? I'm curious, uta, do you start drooling anytime someone holds a dog bisquit in front of your snout?

"At least Bush is trying to do something. The scumbag lib Dems in Congress are actually going to take a recess WITHOUT trying to address the issue at all and it leave the Fed and Treasury to handle because the Democrats are INCOMPETENT!!!!!"

But..but....Isn't the Free Market going to fix itself?

The medicine show leaves town. Soon the rubes will figure out the snake oil they paid $20 a bottle for is worthless.

The medicine show will soon open in another town, i.e., Wall Street is now planning its next bubble to fleece the public and investors.

What the country needs is a new wing on Leavenworth to house them.

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

The American people???? What! The statement is like he is not part of America and he even includes those in his collusion of advisors.

Now that is frightfull.

The Dems believe in giving credit where credit is due and this entire economic mess is RIGHTly credited to the repulsicans. This is their mess. Let them try to clean it up. Meanwhile the rest of us lowly peasants out here in Middle America, where we have worked hard all our lives making ends meet so we can eventually retire - hopefully before we DIE - can take comfort in the fact that pet food manufacturers are starting to use human grade ingredients in their foods because if this mess on Wall Street continues, we are sure gonna be trying out the newest Alpo recipes.

And you repuliscans here who actually have to work for a living and are hoping to eventually collect Social Security benefits that you have paid into the system all your working lives? You can bloody well thank us liberals and the liberals in Congress for saving Social Security this go-round. Just think for one minute what would be happening right now if Shrub HAD been allowed to invest our Social Security savings on Wall Street! I heard an estimate today that said 40% of all Social Security monies that COULD HAVE been invested on Wall Street would have been lost this week! Think about it! Shuddering yet? You should be very, very grateful to those 'liberal' democrats on Capitol Hill who stood their ground for US. Do nothing? Maybe they don't do as much as they should but they sure did save our butts this go-round!

market going through roof yesterday and again today.....

and has any of you known someone who went through bankruptcy?
first thing they get in mail is TONS OF CREDIT CARD notices telling them they are approved for more money.......

isnt that a little silly?

The automakers are asking for $25 Billion of your tax dollars to develop more fuel efficient cars. Obama has countered that offer with $50 BILLION of your tax dollars. Spend, spend, spend, CHANGE you can believe in. You can HOPE you get some change back after your forced investment.

"Spend, spend, spend"

Then you must really hate the Republicans, who hold the top five places for spending, spending, spending.

"has any of you known someone who went through bankruptcy?"

Not a soul.
But I do know people who went through 8th grade English.

"Any" is singular and "has" is correct, Zat. herm

Then you must really hate the Republicans, who hold the top five places for spending, spending, spending.

#41 | Posted by Danforth

and AGAIN......this is a statement that we on the RIGHT here have talked about time and time again
you are correct but just think how much you would hate bush if he HADNT spent all that money>

HEY ZAT.........I am about to throw up when I type this............that was a good zinger........

and oh yeah zat

I was just too busy practicing and performing and being the class stud to get all that english stuff..........

Well at least I voted for Badnarik.

"class stud"

At TMI.

Well it's gone coed since the 60's, damn.

market going through roof yesterday and again today.....

and has any of you known someone who went through bankruptcy?
first thing they get in mail is TONS OF CREDIT CARD notices telling them they are approved for more money.......

isnt that a little silly?

#39 | Posted by bushlovertwo at

markets are rising

CAUSE THE FEDERAL GOVT WILL BE BAILING THEM OUT TO THE TUNE OF TRILLIONS OF DOLLARS!

as for the nonsensical remark about credit cards, perhpas if the system had some regulations.

I would like to know what he plans on doing regarding the housing military crisis.

CAUSE THE FEDERAL GOVT WILL BE BAILING THEM OUT TO THE TUNE OF TRILLIONS OF DOLLARS!

as for the nonsensical remark about credit cards, perhpas if the system had some regulations.

#49 | Posted by truthhurts at 2008-09-19

I said that on the other thread where I brought it up that it surely has to do with the bailout.

credit card remark nonsensical?

how do you figure
someone who just got off the hook for thousands of credit card debt and they get MORE CARDS OFFERED....
and THAT MAKES sense to you?
I understand its a chance to rebuild credit but its also another chance for credit card to get thier HOOKS IN YOU AGAIN

what I understand is that when the bankruptcy bill was passed several years ago liberals and democrats wanted to put some rules in place to regulate the CC industry and they were shut out. Republicans backed by banks and CC companies refused any regulations and now we see you complaining about it.

but elsewhere we see you state that nothing we can say or do will change your mnd.

We may not have had a mortgage crisis if more people had well paying jobs. With joblessness on the increase and depressed wages, more and more people are going to default on their mortgages, car loans, credit cards, etc.

People think that mortgage foreclosures are at the heart of the problem. However, they should be asking why is it that people can't pay their mortgages? The answer is: they can't afford to.

Q. Why can't they afford to pay their mortgage? A. They don't make enough money?

Q. Why don't they make enough money?
A. High paying jobs have been out sourced or off shored and/or wages have been depressed by the large number of illegal immigrants and legal immigrants with work visas.

Solve the jobs problem and you solve the mortgage problem.

Let me get this straight...

Welfare and Social Security are dangerous socialist programs that should be scrapped.

Spending a trillon dollars to bail out failing corporations though is necessary to the survival of the rich, oops, I mean "nation."

Now, let's wait for the trolls and astroturfers say how this injection of cash into the economy is good for everyone.

"It's an...adjustment. Now watch this swing."--George W. (Crippled Duck) Bush

The only thing missing from that "news" conference was a few Curly Howard impressions.

The trouble is that without the trillion-dollar bail-outs, even more people would be destitute on the streets. The $10-million-a-year corporate CEOs still would get the fat golden parachutes. herm

"Bush-addresses-economic-
turmoil"

Yep, the address is:

1600 Pennsylvania Ave NW
Washington, DC 20500

If 'economic turmoil' has an address, it can be found there for the past 7 years.

That does it, I'm selling!

#1 | Posted by silver_ironist at 2008-09-18 01:57 PM
* * * *

LOL. Bad timing.

"but just think how much you would hate bush if he HADNT spent all that money"

Yeah...we'd have surplusses and might've shored up Medicare & Social Security. I'd hate that....

Bush inherited a once-in-a-lifetime opportunity to put America on good financial grounds, but instead he borrowed to the hilt, gave the rich all the money, and is now in the process of making sure the smaller taxpayers get the bill. Between the Iraq fiasco and the bailouts, Bush will leave us trillions of dollars worse off, in addition to the trillions of debt he's rung up. Even worse, his administration has shackled the financial choices of his successor: what used to cost one out of every nine dollars, (11%) now costs one out of every six dollars (16.6%), soon to be even higher, thanks to this 11th hour spendfest. Obama or McCain will be stuck paying a drunken sailor's credit card debt.

Bush bans 'Short-Selling' saying anyone caught doing so "Will Be Persecuted!!!"

He'll point his finger at 'em and scream "Nyaa-Nyaa-Na-Nyaa-Nyaa..."

Think he might have meant 'Prosecute'???

Naw, couldn't be. That would mean actually holding someone accountable for this mess.

And now Bush claims the government will take up troubled mortgagges? So We The People will own All Our Houses - collectively???????

Well, now that the Republicans have completed their embarassing Flip-Flop to full blown Socialism, you think they'll vote Obama?

For TakeitEz:

Are you praying for your 'god' to make it rain money over the land??? You sure sound like it.

Perhaps Jeebus can encourage the feds to crank up the money printing press to 110%

Moron!

Guess that whole Prosperity Christianity thing didn't work out so well, huh?

let History judge me and Alan Greenspan.

"DblStd,

Doing Nothing sure beats fucking everyone in the ass."
#25 | Posted by nutcase at 2008-09-18 10:42 PM

I agree with you. No more bailouts for anyone.