"Thank you for throwing the election to the Democrats for me,
and for throwing several trillion unaccountable dollars to my friends at AIG and Goldman Sachs."
Posted on 11/15/2008 10:26:30 PM PST by Lancey Howard
NO!!!
I'VE BEEN QUESTIONING THIS FOR WEEKS NOW, HERE AND OTHER PLACES.
WHY OH WHY, DID W NOT SIT ON THIS (AND ON PAULSON) FOR A FEW MORE WEEKS?
Bush may not be the brightest buld, but he's been around politics all his life and for him not to realize the implications for mccain is beyond credulity.
At the start of this "meltdown," mccain was surging (thanks to palin) and now had a decent shot of winning.
Of course he shot himself in the foot by going to dc and getting sucked into that whole supporting effort, and if he had opposed the bailout, would have won it going away.
I lay a lot of the blame on bush. He could have stopped that nonsense and postponed it for a few weeks, but no he was in the forefront (leading the charge vociferously) of all the other chicken littles.
Something stinks here to high heaven !!!
YOU DON'T???
Well just who in hell is CIC and POTUS???
He many not have "orchestrated" this call for a bailout, but I seem to remember him shrilling the loudest of we need to do something NOW or we are all doomed.
That posture doomed McCain!!!
IMHO, he could have quashed it and ordered Paulson to do the same for a few weeks.
Wasn't it stinky Harry that phone called McCain that he was needed in WDC.... I do not think it was President Bush on the phone. McCain got set up by his FRIENDS and he took the bait....
Oh, and remember that naming names part, ha never once did I hear Chuckie, Dodddd, or Barney for their roll in the financial melt down ... McCain ran his campaign on 'earmarks' and evil wicked 'Wall Street'. It is just plain ridiculous to continue blaming President Bush for everything.
McCain sat for how many years on the 'Commerce' committee and like a doofus he proudly claims in a primary debate he does not know economy. H E L L O!!! The real question is did McCain really want to win???
It was orchestrated, Lancey, and the real question (my tin foil hat, please) is whether MCCAIN was in on it.
His campaign response throughout, including this, was so inept as to be carefully planned. I don’t think anyone let Palin in on the secret, though.
The “must happen by Monday” has reached out to weeks later, and STILL the banks are having trouble deciding where to send that money, and Congress is wondering if they shouldn’t siphon some off for the car companies.
700 BILLION ABSOLUTELY CRITICAL DOLLARS THAT HAD TO BE IN THEIR HANDS BY MONDAY!
And they still don’t know what to do with it?????
“It is truly ironic that Bush defeated McCain in 2000 and then again in 2008.
Whew.... Brutal”
He will never say it, but I believe when it is all said and done McCain thinks the same.
Brutal indeed.
“Somebody set this whole thing in motion in mid-September and Paulson reacted. It does look like a setup.”
I don’t see why many comments are limited to soros. Nation-states like Russia and China have a great vested interest in the outcome of this election and certainly had the resources to knock down some dominos in the already-fragile US financial system. You have to imagine both countries are laughing themselves silly over the DNC/Obama taking over the white house. Independent foreign policy/strategic posture from the US is over for the next 4 years.
I found it most curious in retrospect that the russian market absolutely has died since the US crisis started 2 months ago.
Please correct any misperceptions here (not a great background in economics!): I’ve been questioning all along exactly what our situation is, because initially I didn’t see indications at all of the widespread financial meltdown. It’s largely a matter of confidence, right? And I just didn’t see evidence of lagging retail sales, for example. It seems to me that we believed we were in recession only because we were TOLD we were n recession. No I guess there’s downturn regardless of how we started out. Was it manufactured?
****I don’t think President Bush was “in on it.”****
Both Bush and McPain said that they told everyone that this was coming. They said that they introduced bills about it, and were shot down. And then they popped this big emergency out just before the election.
Both were “ in on it”
"Thank you for throwing the election to the Democrats for me,
and for throwing several trillion unaccountable dollars to my friends at AIG and Goldman Sachs."
Why hasn’t Bush fired Paulson???
That has been a burning question on my mind. I would have fired Paulson, given this crisis that just popped in all of a sudden.
The conversation would have went like this if I were the president.
PAULSON: Mr. President We have a serious problem, I need 700 billion dollars in the next 48 hours !!!
PRESIDENT: Mr. Paulson, your fired !!!
:)
What Bush did was the political equivalent of yelling “FIRE!” in a crowded theater.
McCain lost this election for several reasons, but signing on to the bailout was his biggest mistake, IMO. Many Americans were against bailing out Wall Street, bad home investors, whathaveyou. McCain failed to see the obvious. More people were instinctively conservative vs. socialistic in addressing the financial crisis.
Paulson coming up with a fix that had to be passed in a few days, should have sent blaring warning signals to any and all. It reminded me of typical retail sales pressure tactics...think used car salesman. If the story was true about Paulson getting on his knees and “begging” Pelosi....well that should have been another loud warning.
I blame President Bush in not picking a better person for this job. I blame President Bush’s “new tone” for the democrats and media almost unapposed bashing of conservative ideology. McCain’s tone was about the same.
If there was any conspiracy, I don’t think Pres. Bush was in on it. This was incompetance, which will only get worse with Obama, this was greed, fear.....but mainly this is total incompetance.
I’m still waiting on President Bush to spend some time with the American people via TV to explain how this meltdown has happened, how it will improve with the bailouts, or how Paulson is adjusting plans based on market response. I think I’ll be waiting forever.
I meant they weren't in on the Panic that was created by Paulson and the stock market in early October. President Bush and McCain sounded verbal alarms, as did other members of Congress, but they all were ignored...probably until a more opportune time came about to create the panic.
Not only just 6 weeks from the election, but ALSO just when McCain pulled 10 points ahead of UHHbama in the polls.
Likewise, Lancey; thank you. At this point I can only hope that something comes out of the many court-cases that have been instituted to force an open investigation of Obama's true origins, though I am not hopeful as the Justice System is no longer just.
I also found a primer from the historical, and on-going, communist infiltration of our society; The Soviet Art of Brainwashing ^ by Kenneth Goff. A chillingly prescient quote from the Forward written by Beria is:
God help us all.
Ping to you, Joanie, for some interesting and telling comments and links in Lancey's thread.
Totally agree.
“Bush sat there like a punching bag for eight years, never having the guts to stand up and defend himself as lie after lie after lie from the rats and their newsrooms went left unanswered.”
Let’s start from the beginning in January 2000 when he was “Selected not Elected”. It is quite convenient for people to rewrite history. President Bush had not even finished selecting his administration when 9/ll happened because of the long and protracted farce in Florida. 4 years later he was still considered “Selected not Elected.” So he followed his agenda and governed with a sunny demeanor all this while trying to prove he was “Elected not Selected”. I don’t agree with everything he did but I point this out because you say for 8 years and I don’t think that is totally fair assessment of reality.
Yes, this was all a manufactured crisis by Paulson and the Democrats. The problem is they played with fire and got burnt. Once they announced this crisis the investors reacted and the market went into freefall from that day forward.
Have you looked at the market prior to the first Congressional Bailout vote? It had been the normal fluctuations of ups and downs before that day.
They opened Pandora’s Box and nobody knows how the put the top back on and control the situation. This evil thing they did to regain total power, hopefully, will be exposed one day with hard evidence.
What do you suppose the new Moslem Prez is going to do when Isreal nukes Iran next year? Is this the looming world crisis Biden alluded to?
Also heard AIG is planning on some nice bonuses come Christmas. Worthless bastards sure do deserve it after what they been through.
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