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U.S. recession: A classic 12-act tragedy
Market Watch ^ | March 4, 2008 | Paul B. Farrell

Posted on 03/09/2008 2:43:35 PM PDT by fweingart

ARROYO GRANDE, Calif. (MarketWatch) -- The buck stops here: This is Bush's recession, his legacy.

It could be a chapter in a future edition of Jacob Weisberg's "The Bush Tragedy," with new comparisons to "Henry V" and other great Shakespearean tragedies. In a few sentences, the opening lines could highlight why this is now Bush's recession, and his alone.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Editorial; Government; Politics/Elections
KEYWORDS: 110th; antibushrant; economy; pelosi; recession; soros; ubelongtodu; wrongmessagenboard
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To: EternalVigilance

Technical quibbling. We are in a bind


21 posted on 03/09/2008 3:02:42 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: fweingart
I agree. The biggest outrage of the Bush Administration,,,is that with a President and Vice-President who both have oil backgrounds,,,,,AND the Republicans holding BOTH Houses of Congress...

our country never was able to drill ANWR. If Pres Bush had truly used the 'bully pulpit'--he could have done it--but he let it slip away.

So sad.

22 posted on 03/09/2008 3:04:09 PM PDT by stockstrader ( B. 'whose middle name must not be spoken' Obama--"Eloquent, but Empty" (a charitable description))
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To: fweingart
Those 12 steps seem all too feasible unfortunately. The unprecedented credit expansion that created the current bubble is actually a continuation of the 90's, interrupted briefly by Tech stock bubble burst in '00 - '01. It was born of consensus from both political parties, however. Democrats and Republicans alike have shamelessly overspent and approved of the "independent" central bank's policies of unbridled inflation.

Of course voters will assess the blame to Republicans in November because they controlled virtually the whole works for at least four years.

23 posted on 03/09/2008 3:05:05 PM PDT by kcar
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To: stockstrader

Hey, If you are invested in Shell and Cargill it dont hurt so bad


24 posted on 03/09/2008 3:05:20 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Mogollon
Bush tried to drill in ANWAR a couple of times. The rats in congress voted every attempt to do so down.

It barely made the news. He should have kicked ass and pounded on this for seven years as forcefully as he has on the WOT.

Republicans need to find a spine. This reaching across the aisle concept is a bunch of crap. When we do it we get kneed in the groin every time.

/rant

25 posted on 03/09/2008 3:05:37 PM PDT by Cobra64 (www.BulletBras.net)
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To: Cobra64

Damn skippy


26 posted on 03/09/2008 3:06:58 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: fweingart

The Democrats and the leftist environmentalists are chiefly responsible for the growing energy crisis. But Bush bears some part of the blame.

Yes, he put forward an energy plan for a number of years. But he did not use the bully pulpit to press the issue, and he never even made an attempt to point out that the Democrats were chiefly responsible for high gasoline prices.

Bush knew some of the things that needed to be done: Open ANWR. Open off-shore drilling. Cut the red tape and make it attractive to build more refineries. Above all, get the nuclear power industry going again.

He actually put most of those issues to congress, but then he sat back and let them kill it. He did not speak out, and he did not twist arms to force people like Lincoln Chaffee and John McCain to vote on the right side.

Regretably, if John McCain is elected, things will get even worse.

Another major factor that has produced this crisis is the massive balance of payments deficit. Clinton and Bush both helped make it worse with their China policy. But Bush will get the blame.


27 posted on 03/09/2008 3:08:22 PM PDT by Cicero (Marcus Tullius)
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To: fweingart
Had our president and our vice-president used the bully pulpits that come with both offices

I remember thinking the same thing back in 2001 after W threw his veto pen into Mount Doom, and tried to spend and grow the government as a means to revive the economy.

28 posted on 03/09/2008 3:08:25 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: jazusamo
Who put us in such a fix by not being assertive on the issue of domestic drilling?

Who has allowed more than mere lip service to be given to acknowledging the lie of global warming?

And who didn't fight the ethanol nonsense tooth and nail?

These are the principal catalysts for the recession we are free-falling into. The housing debacle alone couldn't bring this about.

29 posted on 03/09/2008 3:08:40 PM PDT by fweingart (Obama-Clinton (A real dream team!))
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To: fweingart
You Buchananite class warrior rubes are so freaking stupid and so freaking old. Get your own site already, FR is for people who believe in and support both America and capitalism.
30 posted on 03/09/2008 3:10:43 PM PDT by JasonC
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To: fweingart

Well that explains it for me. With a few words Bush could’ve saved us all. Just convince those on the other side to commit hari-kari or sukiyake or whatever. Why a mere bagatell!


31 posted on 03/09/2008 3:11:07 PM PDT by count-your-change (you don't have to be brilliant, not being stupid is enough.)
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To: Cobra64

One thing that Bush can be blamed for is an elimination of boutique fuel blends. He did this right after Katrina, but it was only for 3 months I believe.
Why was this a good thing only after Katrina?

Bush could have also pushed hard for elimination of red tape in regards to building new refineries.
It’s baffling to me, these are things he certainly can influence but deliberately chose not to.


32 posted on 03/09/2008 3:11:38 PM PDT by Brett66 (Where government advances, and it advances relentlessly , freedom is imperiled -Janice Rogers Brown)
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To: mylife
Technical quibbling.

Technically, you're either in recession or you're not.

33 posted on 03/09/2008 3:11:43 PM PDT by EternalVigilance (The Reds haven't gone anywhere. They just put on a Green cloak...)
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To: Cicero
Regretably, if John McCain is elected, things will get even worse.

Indeed.

Think of the candidates the Republicans have given us: Ford, Dole, Bush I, Bush II and now McCainiac,

Yesterday he disavowed the truths spoken by Congressman King when he should have endorsed the remarks. He is a liberal marshmellow.

34 posted on 03/09/2008 3:12:36 PM PDT by fweingart (Obama-Clinton (A real dream team!))
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To: fweingart

The housing deal is no big deal. it will pass.

Most of us wont have to sell our homes this week.
Food and fuel? we all are effected, daily.


35 posted on 03/09/2008 3:12:59 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: EternalVigilance

We are hurting. Call it what you will.

I wanna punch a treehugger


36 posted on 03/09/2008 3:14:20 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Mark

Shouldn’t surprise you that people actually think that’s true. The leading candidate for the Democratic nomination thinks the exact same thing.


37 posted on 03/09/2008 3:15:26 PM PDT by SlapHappyPappy
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To: JasonC
I am a capitalist in every sense of the word.

It isn't just today that I became critical of the reason(s) for the economic mess we are presently involved in. I have been talking about the stupidity that emanates from DC from the Congress AND the Executive Branch for years.

How does acquiescing over the current state of affairs and saying nothing about who's responsible make me "freaking stupid and freaking old?"

This is MY site. I belong here. Ostriches don't.

38 posted on 03/09/2008 3:17:46 PM PDT by fweingart (Obama-Clinton (A real dream team!))
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To: fweingart
"Forget about Washington's happy-talk about avoiding a recession. They got us into this mess and don't know how to get us out."

And MONTHLY sending wealth to the tune of some $60,000,000 to the world in endless trade deficits plus another $12,000,000 in endless efforts to install democracy in Iraq is how we got into 'this mess'. We have become the sub-prime borrower.

39 posted on 03/09/2008 3:18:55 PM PDT by ex-snook ("Above all things, truth beareth away the victory.")
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To: fweingart

At least McCain supports Nuclear energy.
I dont understand has embracing of carbon caps.

Our politicians are idiots


40 posted on 03/09/2008 3:19:08 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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