Posted on 09/24/2008 6:42:26 PM PDT by Tennessee Nana
President Bush, warning of the danger of a "long and painful recession," urged Congress to pass his administration's economic rescue package in a rare address to the nation Wednesday night.
"We are in the midst of a serious financial crisis, and the federal government is responding with decisive action," he said.
Bush said the $700 billion rescue package is not aimed at saving any one financial institution, but rather at "preserving America's economy."
He cast the need for the package in personal terms, warning American taxpayers that their home values, their retirement accounts and their personal businesses could be at risk if the economy continues to spiral
-Snip-
The Associated Press contributed to this report.
(Excerpt) Read more at foxnews.com ...
ANYBODY ELSE WANT TO GRADE GEORGE W. BUSH’S LEGACY?
D+
Everyone involved will still be multi-multi millionaires.
F minus. Counting the war on terror into that, I’d give him an F plus minus. I have NEVER been so disappointed in any person that I voted for, and that includes Nixon, as I have George W. Bush. I think that he has blown everything that was gained in 2000. I remember well, right after the elections, with Bush in the White House and the Congress under republican control, all the talking heads saying that the republicans would rule Washington for the next 20 years. Funny, something happened and the stupid asses didn’t last six years. They blew it. Totally blew it. Spent like drunken sailors on liberty for the first time (sorry sailors). Bush acted like he was a conservative. He certainly threw the word around alot. However, he wasn’t. He was at best a moderate-liberal. He certainly never met a tax payer dollar he didn’t like to spend. I’ve been voting since the first Nixon administration, and for the first time in my life, I am going to go to the polls on election day and vote for a person that I do not like and do not believe will do the job, simply because I have to too keep a liberal socialist slime ball nobody out of the White House. I have no one to vote for, yet have to vote for McCain and I am sick at my stomach at having to do that. I know full well the alternative. However, HAVING to vote for someone is not choosing to vote for someone. I’d rather have a choice. Few republicans give me that chance any more. Thank God my senator, Jeff Sessions and my congresscritter, Mike Rogers are conservatives I can vote for and not hold my nose.
Although his intentions might be noble...economically its suicide.
Inside two years we will be back here again, if not sooner.
Unless the under lying weakness’s of household budgets are addressed we are sunk!
If the surge is truly working won’t oil revenues soon begin to see their way into the American economy? Is 700 billion in revenues realistic within two or three years?
Thomas Sowell says Bush is right. I’ll take his word over Newts. Since when is Newt a financial expert?
Why didn’t Newt stop Clinton when he set all this crap up? He controlled the House. Maybe Mr. Global Warming should STFU.
I’ll support the bailout if every member of Congress who votes for it, and Bush if he signs it, puts up half their personal wealth in addition to our tax dollars.
I mean, we’re buying solid investments for the taxpayer, right? It’ll be paid back, with interest, right?
So I expect full, eager compliance.
And a pony...
I wonder if the posters in this thread know what the Paulson plan basically does? Lot’s of name calling but no facts.
Hannity marred the next few minutes by reverting to political considerations when he should have followed up on the financial and market principles that Newt was talking about.
Cordially,
A recession is a small price to pay for maintaining capitalism.
Inside two years we will be back here again, if not sooner.
If Obama and his Clan are elected, yes.
However, I do have great interest in following the FBI investigations, which at most will neuter prominent Democrats who've been the MOST responsible for halting all manner of meaningful reform -- social security, medical reform, etc.
The very unholy top cream of the socialist Dems will feel less than empowered to pull their usual crap. And this is, no matter who wins office. At the second and third tier levels, this puts issues and matters important to the American citizen on MUCH more fair, equitable positionings.
Household budgets are another story.
[The same idiots who got us into the mess are now telling us they can fix the mess.]
EVEN WORSE! They want to “fix” the problem with more easy money, which is what caused the problem to begin with.
Blackmailed by a group of crooked businesssmen. Why should the american people believe Paulson...a lehman brother hack...
these people including all the democrats involved need to be in the clanger...
you know they are salivating at the thought of getting hold of that $700billion....
They have the president convinced...
You know what...my retirement is up in the air here but I’d rather work till I’m 85 before I see these rotten bastids get hold of that money and share it with the likes of Reins and Obama, Dodds and Frank...
This is the last kiss in the mail...
You did not miss anything. His main theme was easy credit, credit, borrow, mortgages, financial instruments, payments, interest rates, credit, easy credit, borrow..............well, you can figure out the rest.
“Hannity marred the next few minutes by reverting to political considerations when he should have followed up on the financial and market principles that Newt was talking about.”
He did. It was depressing. I was salivating to hear more from Newt and just sick when Hannity started turning it political, half-heartedly hitting his talking points. He knew it was flat...there was a pause...then he kept on going. I walked off when I realized he was just going to use Newt for politics. Wasn’t it something to have Colmes there and not one word of disagreement. He wasn’t feelin’ it either. The set was like a morgue and the now politically disgraced Newt sitting there with the answer held out for free on a silver platter and no one willing to pay attention. I hope McCain talks to Newt.
I can’t summarize it. I’m not that smart. And I can’t find a youtube of it from tonight. But here is what Newt said on Greta yesterday about it:
http://www.youtube.com/watch?v=FAqUrpDAkKg
“Why didn’t Newt stop Clinton when he set all this crap up? He controlled the House. Maybe Mr. Global Warming should STFU.”
Because all the Repubs were for freedom, freeeeedom, for these people to create fictional values and concentrate value where any hit would really hurt all. The “deregulation” gang.
I resembled that remark, except for a short period in DaNang and a few years making patrols on a submarine.
Bush's disappointment for me has been as a "leader" as he has been a pathetic one! Ronald Reagan was a leader. He inspired Americans. He faced constant Congressional opposition from majority-holding Democrats, yet he got things done. President Bush, in 2001 after 9-11, had a 90 percent approval rating and Republicans holding both Houses of Congress. Yet, with the exception of taking Baghdad and capturing Saddam, he couldn't get one damn thing done ... his initial refusal to begin Iraqi nation building resulted looting, crime, foreign terrorists pouring through Iraqi borders, and unnecessary loss of life for our men and women in uniform--simply because he was trying to fight a war on the cheap with an idiot like Don Rumsfeld and his Ambassador puppet Paul Bremer in charge. Consequently, although we had capable Army Civil Affairs Branch people who knew a thing or two about keeping the lights on, the sewage system running, and water works in tact, by hiring capable Iraqi Bath workers (just as Gen. Patton used former Nazis to do the same thing in postwar Germany) they were not allowed. Add to the fact that there were precious few resources for, in Rumsfeld's words the "Army you go to war with" and fewer soldiers, especially those with the right stuff, professionalism and correct MOS'es running certain jobs. It is a fact that most of the Abu Grab guards were either Reservists or NG members rather than career MPs.
There is a Napoleonic maxim that goes "when you set out to take Vienna, TAKE VIENNA!" The meaning is clear, you use overwhelming force to gain the objective. Bush didn't in war and he hasn't in domestic policies. He has continually been reactive rather than proactive and most certainly pitiful as a leader.
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