Hey!! The country's got some GIGANTIC problems ..... So..... WHERE's George!! ??????

[remicks]

*****

They are calling it the worst financial situation since The Big Crash proceeding the Great Depression.....

SO ...where the heck is the prez???

Bush says he's working hard on economic turmoil

By BEN FELLER Associated Press Writer
Article Launched: 09/18/2008 12:24:23 AM PDT


WASHINGTON—Eager to show that he feels people's pain, President Bush told the country Thursday his administration is working feverishly to calm turmoil in the financial markets. With reports swirling of possibly imminent new government action, the president met with his treasury secretary and the head of the Federal Reserve.

Nothing was announced immediately after the 40-minute meeting at the White House, which included Securities and Exchange Commission Chairman Christopher Cox, along with Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke.

White House spokesman Tony Fratto would not comment on whether any decisions were made at the session, or whether any announcements would be forthcoming later Thursday. News reports said Paulson was considering having the government create an entity to take over banks' bad debt.
"The president and his senior economic advisers had a very good discussion about the serious conditions in the financial markets," Fratto said.
Bush was supposed to spend the day in Alabama and Florida raising money for Republicans and talking energy policy. He canceled his trip and sent Vice President Dick

A 40 minute meeting !!!!!! ....................



"working hard" ???? ..... jezzus chriz ....I take longer --- lunch breaks than that !!!! This guy is too much .....

At the very least .... Isn't this about the time a REAL leader has a prime time nationally televised message to the people saying something like "We have nothing to fear but fear itself?"



Chriz ...can't wait for this loser to be gone forever .... only months to go and counting down ... ...

.....although it looks like George's pretty much checked out early anyway .... MIA again!!



******
goofy photos of Bush provided by AP and are unaltered ..

..

[paul]

This what 30 years of republican, conservative, trickle down, let the free maket decide, unregulated capitalism has brought us. And while a few wealthy people will get even richer with this, guess who'll be paying.
Check this out from The Onion, January 2001.

Bush: 'Our Long National Nightmare Of Peace And Prosperity Is Finally Over'

January 17, 2001 | Issue 37•01
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WASHINGTON, DC–Mere days from assuming the presidency and closing the door on eight years of Bill Clinton, president-elect George W. Bush assured the nation in a televised address Tuesday that "our long national nightmare of peace and prosperity is finally over."

Enlarge Image President-elect Bush vows that "together, we can put the triumphs of the recent past behind us."

"My fellow Americans," Bush said, "at long last, we have reached the end of the dark period in American history that will come to be known as the Clinton Era, eight long years characterized by unprecedented economic expansion, a sharp decrease in crime, and sustained peace overseas. The time has come to put all of that behind us."
Bush swore to do "everything in [his] power" to undo the damage wrought by Clinton's two terms in office, including selling off the national parks to developers, going into massive debt to develop expensive and impractical weapons technologies, and passing sweeping budget cuts that drive the mentally ill out of hospitals and onto the street.
During the 40-minute speech, Bush also promised to bring an end to the severe war drought that plagued the nation under Clinton, assuring citizens that the U.S. will engage in at least one Gulf War-level armed conflict in the next four years.
"You better believe we're going to mix it up with somebody at some point during my administration," said Bush, who plans a 250 percent boost in military spending. "Unlike my predecessor, I am fully committed to putting soldiers in battle situations. Otherwise, what is the point of even having a military?"
On the economic side, Bush vowed to bring back economic stagnation by implementing substantial tax cuts, which would lead to a recession, which would necessitate a tax hike, which would lead to a drop in consumer spending, which would lead to layoffs, which would deepen the recession even further.
Wall Street responded strongly to the Bush speech, with the Dow Jones industrial fluctuating wildly before closing at an 18-month low. The NASDAQ composite index, rattled by a gloomy outlook for tech stocks in 2001, also fell sharply, losing 4.4 percent of its total value between 3 p.m. and the closing bell.
Asked for comment about the cooling technology sector, Bush said: "That's hardly my area of expertise."
Turning to the subject of the environment, Bush said he will do whatever it takes to undo the tremendous damage not done by the Clinton Administration to the Arctic National Wildlife Refuge. He assured citizens that he will follow through on his campaign promise to open the 1.5 million acre refuge's coastal plain to oil drilling. As a sign of his commitment to bringing about a change in the environment, he pointed to his choice of Gale Norton for Secretary of the Interior. Norton, Bush noted, has "extensive experience" fighting environmental causes, working as a lobbyist for lead-paint manufacturers and as an attorney for loggers and miners, in addition to suing the EPA to overturn clean-air standards.
Bush had equally high praise for Attorney General nominee John Ashcroft, whom he praised as "a tireless champion in the battle to protect a woman's right to give birth."
"Soon, with John Ashcroft's help, we will move out of the Dark Ages and into a more enlightened time when a woman will be free to think long and hard before trying to fight her way past throngs of protesters blocking her entrance to an abortion clinic," Bush said. "We as a nation can look forward to lots and lots of babies."

Soldiers at Ft. Bragg march lockstep in preparation for America's return to aggression.

Continued Bush: "John Ashcroft will be invaluable in healing the terrible wedge President Clinton drove between church and state."
The speech was met with overwhelming approval from Republican leaders.
"Finally, the horrific misrule of the Democrats has been brought to a close," House Majority Leader Dennis Hastert (R-IL) told reporters. "Under Bush, we can all look forward to military aggression, deregulation of dangerous, greedy industries, and the defunding of vital domestic social-service programs upon which millions depend. Mercifully, we can now say goodbye to the awful nightmare that was Clinton's America."
"For years, I tirelessly preached the message that Clinton must be stopped," conservative talk-radio host Rush Limbaugh said. "And yet, in 1996, the American public failed to heed my urgent warnings, re-electing Clinton despite the fact that the nation was prosperous and at peace under his regime. But now, thank God, that's all done with. Once again, we will enjoy mounting debt, jingoism, nuclear paranoia, mass deficit, and a massive military build-up."
An overwhelming 49.9 percent of Americans responded enthusiastically to the Bush speech.
"After eight years of relatively sane fiscal policy under the Democrats, we have reached a point where, just a few weeks ago, President Clinton said that the national debt could be paid off by as early as 2012," Rahway, NJ, machinist and father of three Bud Crandall said. "That's not the kind of world I want my children to grow up in."
"You have no idea what it's like to be black and enfranchised," said Marlon Hastings, one of thousands of Miami-Dade County residents whose votes were not counted in the 2000 presidential election. "George W. Bush understands the pain of enfranchisement, and ever since Election Day, he has fought tirelessly to make sure it never happens to my people again."
Bush concluded his speech on a note of healing and redemption.
"We as a people must stand united, banding together to tear this nation in two," Bush said. "Much work lies ahead of us: The gap between the rich and the poor may be wide, be there's much more widening left to do. We must squander our nation's hard-won budget surplus on tax breaks for the wealthiest 15 percent. And, on the foreign front, we must find an enemy and defeat it."
"The insanity is over," Bush said. "After a long, dark night of peace and stability, the sun is finally rising again over America. We look forward to a bright new dawn not seen since the glory days of my dad."

[Videoskooter]

Over the last 48 hours, the governments of Belgium, Holland and Luxemburg are in a crisis meeting to save our biggest bank "Fortis" from collapsing. It has to be done before the Asian markets open on Monday (right now-Belgian time).

Seems that the whole world is facing a financial meltdown. Maybe it's a clear sign to all the Bankers and their CEO's to get real and start thinking about everybody who has trusted them their life-savings. I hope! You and I will feel that in our wallets, they probably gonna get a big bonus when their joint goes bankrupt.

[RetroRuss]

Now that Congress has rejected the Bill to inject $700bn into the US Banking system expect chaos on the markets tomorrow.

Most banks will have falls of around 25% in their share value & as a result will only allow loans at punitive rates. In the UK we face a 'special' crisis with a highly indebted government, falling tax revenues, a weakening economy, and a social welfare system on the verge of collapse. We also face rising fuel costs as a result of greed and political manipulation so expect to hear about riots, civil disobedience, starvation and hunger in the UK - oh yes it was also reported we're going to get a flu epidemic from AUstralia this winter! Oh Happy Days!!

[Videoskooter]

Yep, today the second biggest Belgian bank "Dexia" has lost big. Government is going to inject money into 'em to stabilise but the Belgian stock-exchange is collapsing.

This is not going well! But...the oil prices are in freefall right now. Maybe it's time to fill those tanks!

BTW, George is there right now, but the US congress is absent! Not only the Republicans, many Democrats are also reluctant to sign that bill. Maybe next Thursday?

[RetroRuss]

We're left with 4 & I think one will go - and what's amazing that the people who are to blame for this crisis are the same two who are to blame for the problems in the Middle East!!

If only people picked their leaders with the same provenance as their cars!!

[Videoskooter]

Excellent article:

FT.com / In depth - House rejects US bail-out bill

Course of our Dexia bank: