[Willie Green]

The title of this article should read: "Bush Helps Insurance Industry Sodomize The Treasury"

With the collapse of the high-tech telecom/dotbomb bubble, and the economy in general in the dumpster, there is a glut of empty office space on the market. There is absolutely NO pent-up demand for new construction of 110 story office buildings.

Who does this out-of-touch Presidential Bozo think he's kidding?

Related thread: Bush Plans New Agency to Dole Out Billions in Aid

[meenie]

As they say in Texas, all hat and no cattle. The appearance is created that this is holding back construction when the real reason is the glut of office space that is already built.

[laotzu]

"read: "Bush Helps Insurance Industry Sodomize The Treasury""

Is there nothing more vile than those greedy, corporate insurance bastards?!! Oh!!..and those homophobes that won't let a gay man take children camping. The swine!! And christians..Yikes!!!

Sure is fun being part of the herd.

[Moonman62]

Bush said on Tuesday that more than $15 billion in real estate transactions were delayed by an inability to obtain terrorism insurance following the 2001 attacks on the World Trade Center in New York and the Pentagon.

Does anyone know of any actual project that's been held up?

[Moonman62]

"Today we're taking action to strengthen America's economy, to build confidence with America's investors and to create jobs for America's workers," Bush said at a White House signing ceremony.

If he really wanted to help investors and create jobs, he'd stop the runaway federal pork train, and get the government out of the way. Adding another $270 billion potential liabilty to us taxpayers isn't helping.

[WhiteGuy]

$100 billion in U.S. government backing for insurance companies........

Quid Pro Quo?

I suppose insurance premiums will be plunging now right?

[WhiteGuy]

I just had another thought....

Doesn't this "plan" seem like one of Tony Soprano's cause and effect scams?

Frightening

[demsux]

I own a ONE STORY office/warehouse building in a premiere business park and my "updated" insurance policy excludes "terrorism" AND THE PREMIUM DOUBLED.

You probably ought to research the problem from a business perspective, before posting.

[Jesse]

Why not just nationalize the insurance industry, just like the airlines think should be done with their companies according to Drudge. And while Bush is at it, he should just go ahead and nationalize the oil industry, the food industry and the mortgage industry...oops, the latter is already a creature of the feds.


What is the name of that guy on the radio who promises you how to get free money from Uncle Sugar? I quit. No more taxes. I want free money.