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Bush: `I'm sorry' the economic crisis is occurring
AP ^

Posted on 12/01/2008 11:12:35 AM PST by WilliamReading

WASHINGTON (AP) - President George W. Bush expressed remorse that the global financial crisis has cost jobs and harmed retirement accounts and said he'll back more government intervention if needed to ease the recession.

"I'm sorry it's happening, of course," Bush said in a wide-ranging interview with ABC's "World News," which was airing Monday. "Obviously I don't like the idea of people losing jobs, or being worried about their 401(k)s. On the other hand, the American people got to know that we will safeguard the system. I mean, we're in. And if we need to be in more, we will."

The U.S. economy fell into a recession in December 2007, the National Bureau of Economic Research reported on Monday. Many economists believe the current downturn will last until the middle of 2009 and will be the most severe slump since the 1981-82 recession.

On the war in Iraq, Bush said the biggest regret of his presidency was the "intelligence failure" regarding the extent of the Saddam Hussein threat to the United States. With the support of Congress, Bush ordered the U.S.-led invasion of Iraq in March 2003—a decision largely justified on grounds—later proved false—that Saddam was building weapons of mass destruction.

"A lot of people put their reputations on the line and said the weapons of mass destruction is a reason to remove Saddam Hussein," he said. "That's not a do-over, but I wish the intelligence had been different, I guess."

Asked if he would have ordered the U.S.-led invasion if intelligence reports had accurately indicated that Saddam did not have the weapons, Bush replied: "You know, that's an interesting question.

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


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: agitprop; americanpravda; asspress; bush; busy; buttociatedpress; economy; globaleconomy; gwb
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To: WilliamReading
Palin and Bush don't have the grey matter to be President.

*Gasp* Did I really just insult those two!?!! I guess I'm an elitist now for telling the truth.

To regain Republican control, we need smart figures. Jindal for one. I'm not drinking the Kool Aid.

61 posted on 12/01/2008 12:31:22 PM PST by RgnRepublic
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To: reaganaut1

Well said. Governor Palin has the look but so do many in the party ranks. She has the straight foward style but, again, so do many in the party.

She doesn’t have the intellect to guide this nation and I think, after 8 years of Bush, we’ve gotten it pretty well figured out that “gut” and “passion” are one thing, the lack of intellect necessary for the Presidency is an entirely different story.

We need someone like Reagan and, unfortunately, we’re all still waiting on that someone to show up.


62 posted on 12/01/2008 12:35:03 PM PST by Mike Evans
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To: AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; george76; ...
remorse that the global financial crisis has cost jobs and harmed retirement accounts
it won't be long before we look back on these as the good old days.
63 posted on 12/01/2008 12:35:34 PM PST by SunkenCiv (https://secure.freerepublic.com/donate/_______Profile finally updated Saturday, October 11, 2008 !!!)
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To: WilliamReading

What was this, a full Bush confessional, similar to Vic Mackey’s on “The Shield”?


64 posted on 12/01/2008 12:36:06 PM PST by Virginia Ridgerunner (Sarah Palin is a smart missile aimed at the heart of the left!)
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To: WilliamReading

“She was a dummy to tell people not to vote for Ted Stevens, she could of had his Senatorial seat.”

The problem was that Stevens shouldn’t have won the primary in the first place.


65 posted on 12/01/2008 12:36:45 PM PST by ari-freedom (Conservatives solve problems. Libertarians ignore problems. Liberals create problems.)
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To: Mike Evans

We need someone like Laura Ingraham.


66 posted on 12/01/2008 12:38:11 PM PST by ari-freedom (Conservatives solve problems. Libertarians ignore problems. Liberals create problems.)
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To: RgnRepublic; All; Admin Moderator

You signed up today just to tell us these things?


67 posted on 12/01/2008 12:39:17 PM PST by Virginia Ridgerunner (Sarah Palin is a smart missile aimed at the heart of the left!)
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The current financial crisis is FAR beyond the control of any President. Let's not forget that GW tried to head it off back in 2001 with Red Flags on Fannie Mae and Freddie Mac. The Dims (like Barney Frank) said it was no big deal.

President Bush has been an excellent President. The only shortcoming was his lack of comfort at public speaking.

This current recession is certainly not his fault.

68 posted on 12/01/2008 12:39:18 PM PST by NoRedTape
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To: NoRedTape
Bush promoted freddie mac. Again, compassionate conservatism in action.
69 posted on 12/01/2008 12:43:25 PM PST by ari-freedom (Conservatives solve problems. Libertarians ignore problems. Liberals create problems.)
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To: ari-freedom

Stevens shouldn’t have won the primary, but he did. Palin guaranteed that the Democrat would win the Alaska seat.

She may have been prompted by McCain to do so.


70 posted on 12/01/2008 12:44:25 PM PST by WilliamReading
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To: WilliamReading

Stevens actions guaranteed the Democrat would win.


71 posted on 12/01/2008 12:46:45 PM PST by Badeye (If he's a Messiah, how come his brother lives in a mud hut?)
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To: WilliamReading

if anything she should have said something against him before the primary. She would’ve been a national hero! I guess that wasn’t meant to be.

But to support him after the primary just to take his seat? That would be the kind of politics that Americans are sick of.


72 posted on 12/01/2008 12:48:11 PM PST by ari-freedom (Conservatives solve problems. Libertarians ignore problems. Liberals create problems.)
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To: ari-freedom

Much as I hate to admit this, I would easily pick Ingraham over Palin. I was a Huge supporter of hers and am still so deeply disenchanted with Romney and McCain I can’t put it to words.

My problem now is that Governor Palin has taken back to the low-key, small time personality that she was before the race.

She was in prime position and she pissed it away in a few short weeks.

I’ll be waiting and I’m afraid it will be a long, long time.......I hope Not!


73 posted on 12/01/2008 1:00:55 PM PST by Mike Evans
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To: WilliamReading

I don’t know how he was going to stop people from buying houses with no credit. I believe that Arabs can have a democracy,(however I feel a monarchy mixed democracy is best for them). He did push business to the detriment of main street, that was his big mistake.


74 posted on 12/01/2008 1:01:38 PM PST by teacherbarbie (I would go into politics, but I like to keep my youthful looks.)
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To: WilliamReading; trillabodilla

He probably should have added “my bad”.


75 posted on 12/01/2008 1:02:21 PM PST by VA_Gentleman ("There are sheep, and there are wolves. In the end, the wolves always win." - Col. Ripley, RIP)
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To: Mike Evans

Laura Ingraham is incapalbe of being elected to anything, unless it is a Congressional District with 65% registered Republican voters.

She talks a good game, but there is no way people would vote for her on a state -wide basis.


76 posted on 12/01/2008 1:02:49 PM PST by WilliamReading
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To: teacherbarbie

There were several regulatory agencies whose job it was to prevent this sort of abuse. Bush has a “free market” mantra, that doesn’t work because we have to stand behind the Fannie and Freddie loans.


77 posted on 12/01/2008 1:04:00 PM PST by WilliamReading
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To: stuartcr

I wonder how much the whole Bush family is suffering?

How much is anyone suffering. I am just as broke now as if it was good times.


78 posted on 12/01/2008 1:04:57 PM PST by Big Horn (Rebuild the GOP to a conservative party)
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To: WilliamReading
He should have listened to her and stepped aside. She would've chosen a successor. He was all for himself and always has been.
79 posted on 12/01/2008 1:05:25 PM PST by teacherbarbie (I would go into politics, but I like to keep my youthful looks.)
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To: Mike Evans

I can tell just by listening to Laura that she is smart. I didn’t get that with Sarah. Just because she was able to pull off an oil pipeline doesn’t mean she’s ‘presidential.’

gosh...of course she’s not stupid but not everyone has what it takes to be president.


80 posted on 12/01/2008 1:12:28 PM PST by ari-freedom (Conservatives solve problems. Libertarians ignore problems. Liberals create problems.)
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