Understand that nations have public persona; some are totalitarian, some democracies, and others, in-between. There is however, a sometimes secret, and or, not so secret underbelly that each government has, that usually stays out of public view, it raises it’s head to orchestrate dastardly deeds, and then hides in the shadows, our shadow government.
Bush Tops ‘Heckuva Job’ With Clueless Comment on Financial Meltdown: ‘I Want to Thank You, Mr. Secretary, for Working Over the Weekend’
Jon Ponder | Mar. 18, 2008
Former Federal Reserve Chief Alan Greenspan says the U.S. economy is in the worst shape in 60 years: It is now official: George Bush has Katrina-ized the U.S. economy.
“The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War,” Greenspan said in a Financial Times commentary.
“It will end eventually when home prices stabilise and with them the value of equity in homes supporting troubled mortgage securities,” he said, referring to the meltdown in the US sub-prime home loan market and subsequent massive losses for the banks holding the debt instruments.
“The crisis will leave many casualties,” he said, his remarks coming after Bear Stearns, the fifth largest US investment house collapsed Friday and was taken over by JP Morgan Chase for a fraction of its value of only a week ago.
But Pres. George W. Herbert Hoover Bush says his government has stabilized the crisis — and it wasn’t even all that difficult. It just required putting in a little O.T.:
“I want to thank you, Mr. Secretary, for working over the weekend,” Bush said as he met with his economic advisors at the White House. “You’ve shown the country and the world that the United States is on top of the situation.”
Actually, many analysts and critics said, by focusing on Paulson’s working hours instead of on the fear gripping Main Street and Wall Street, the president seemed to show just the opposite — that he has failed to grasp the gravity of the country’s economic crisis.
“He has no idea what’s going on. Even by his standards, he’s wrong,” said Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, who said he had been trying to get the president to pay more attention to the economy for more than a year.
Bush’s “working over the weekend” line also suggested a comparison to another disaster in which he was accused of acting too slowly: Hurricane Katrina. After the storm, the president was ridiculed for praising FEMA Director Michael D. Brown for doing “a heck of a job” — even as thousands remained stranded in floodwaters in New Orleans.
Our worst fears are confirmed. This makes it official: George Bush has Katrina-ized the U.S. economy.
Thank You, Mr. Secretary, for Working Over the Weekend
It is now official: George Bush has Katrina-ized the U.S. economy.
But Pres. George W. Herbert Hoover Bush says his government has stabilized the crisis — and it wasn’t even all that difficult. It just required putting in a little O.T.:
Our worst fears are confirmed. This makes it official: George Bush has Katrina-ized the U.S. economy.
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This entry was posted on March 18, 2008 at 7:31 pm and is filed under American Empire, Americans getting it in the ass, Clueless Comment, George Bush has Katrina-ized the U.S. economy, Heckuva Job, Mr. Secretary, Thank You, bush teflon coated, for Working Over the Weekend, george, greedy sex, hell on earth, impeach IMPEACH impeach, impeach the corporate lackey with tags Clueless Comment, George Bush has Katrina-ized the U.S. economy, Heckuva Job. You can follow any responses to this entry through the RSS 2.0 feed You can leave a response, or trackback from your own site.