Posted on 07/30/2024 12:50:46 PM PDT by ChicagoConservative27
Instead of quoting a historical figure like Adam Smith, Daniel Kahneman or John Maynard Keynes, legendary investor Warren Buffett believes the most consequential words on modern economics came from a surprising source: former U.S. President George W. Bush.
At the height of the 2008 financial crisis, Bush said: “If money isn’t loosened up, this sucker could go down!”
Buffett deemed this quip “the 10 most important words in the history of economics,” he told billionaire Dan Gilbert during an interview at the Detroit Homecoming event at the College for Creative Studies in 2014.
Here’s why Buffett believes these words had such a great impact on the global economy.
So eloquently spoken by bush the monkey
Wasn’t 2008 the year that Bush sold our future down the drain (a torch picked up by Obama in transition) by approving trillions in spending on ‘economic (un) stimulus act’, ‘too big to fail’ bailouts, ‘shovel ready’ spending that never bought a single shovel?
Yeah. Brilliant! /S
They’ve been trying to “correct” a crisis every few year; eventually, we will have the Mother Of All Crises which will dwarf all previous ones.
I remember this Bushism...
I had to abandon free market principles in order to save the free market system.
George W. Bush: “Islam is peace.”
That one statement set the tone for the destruction of Western civilization. Don’t handle murderous, radical Islam the way FDR handled fascism. Instead excuse it.
We needed another FDR. We got a campfire singer.
I don’t recall him making that comment. I’m sure he did.
What I most recall about 2008, late summer, is that the press were already consulting Barrack Obama about these issues, and doing so in a serious manner, as if he were already president. I don’t think McCain got the same treatment, not before he suspended his campaign in some kind of panic.
W laid down with Saudi dogs—and he got fleas.
They loosened it all right. And now there is soon to be a nuclear financial explosion.
McCain was stunned when his beloved mass media started stabbing him in the back—over and over and over and over again....
What an idiot he was.
When Lehman brothers got in trouble, GW sent Jeb, who was working for Lehman, to Mexico to ask Carlos Slim Helu if he should bail them out.
George Bush, like Joe Biden did exactly what his oligarch handlers told him to do.
https://towncriernews.blogspot.com/2020/08/who-pulls-democrat-strings-who-is.html?m=1
Bush bailed out wealthy companies like AIG, Goldman Sachs and Merrill Lynch who then proceeded to pay their execs, and there were many of them, multimillion dollar bonuses at taxpayer expense and for what?? Wouldn’t happen for the storeowner who is losing his shirt or the coal miner losing his job. And the only one they put in prison was Martha Stewart.
Buffett is a DemocRat. Bush was Reagan’s biggest mistake. Farhering Bush II was one of Bush’s biggest mistake.
Marrying Barbara Bush was another. The Bushes are blood brothers to the RINO establishment.
“We needed another FDR.”
One of his first acts was to slash military and veterans budgets.
John McCain was the Media’s favorite Republican for years and years. That ‘bipartisanship’ was his gimmick, what made him special and valuable. That’s why he never went whole hog and switched parties. If McCain had ever officially become the card carrying Democrat he acted like, he would not be unique anymore. Back then, there were still a few hawkish Dems around. Chris Christie also enjoyed/ enjoys that dual relationship with the media, albeit on a lesser scale.
~Gasp~ Now how can you say these mean things about Bill Clinton’s good friend?
/sarc
Most of the QE is BO’s doing. Bush opened the door. Obama marched a generation through the door
“We needed another FDR.”
FDR was unhappy with a conservative USSC so came up with a court packing plan that was rejected by congress. He did, however, appoint seven new justices moving the USSC to a civil rights agenda.
> One of his first acts was to slash military and veterans budgets. <
Yes, FDR was a terrible president, domestically. He’s responsible for much of the bloated federal government we have today.
But he was absolutely amazing as a wartime president. He did darn near everything right. As just one example, he set the overall strategy but let the generals and admirals carry things out.
Contrast that with LBJ and Bush II. They and their civilian pals interfered in everything, constantly.
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