Thursday, September 18, 2008

Chronicles Of Depression 2.0: #216

Composite of Drudge. Click = big

Bush says he's working hard on economic turmoil

And I'd say he's damn well succeeded too. We have turmoil.

Oh, but that's not what he meant. He may as well have.
With the financial markets in turmoil, President Bush said Thursday that he shares Americans' concerns and the government will act aggressively to avert a deepening crisis.

Bush was supposed to spend the day in Alabama and Florida raising money for Republicans and talking energy policy. But he canceled the trip to focus on what is unfolding as the worst financial meltdown since the Great Depression.

Aiming to be reassuring and to show that he is working on the problem, he said the markets are adjusting to the "extraordinary measures" that have been taken in recent days by the federal government.

"The American people can be sure we will continue to act to strengthen and stabilize our financial markets and improve investor confidence," Bush said in two minutes of remarks delivered outside the Oval Office.

He did not specify what actions would be taken. The president was to meet with economic advisers over much of the day, and was seeing Treasury Secretary Henry Paulson at the White House later Thursday.

Emphasis added y me.

That jump in the market is the signal we've all been sold down the river. Especially if it goes up tomorrow too.

Because our nitwit President, who "puts food on his family" and who welcomes Grecians here, is a lame duck and he knows that.

So when he met with the Fed and the Treasury, he told them one thing: "Do whatever you have to do."

Because, what the fuck does he care? He's gone in January.

America might be too.

All the money sure as hell will be.

All prior Chronicles of Depression 2.0 posts. Read them before you must.

No comments: