Bush assures us that he will provide stability
This you will not believe. It's Bush telling everyone that he shares our concerns, as evidenced by the fact that he canceled travel plans and is speaking to his economic advisers. He says that it was great that the government took control of Freddie and Fannie, and that the Fed intervened in AIG. He further praises the SEC for stopping "illegal market manipulation." Finally, he says that he is injecting "liquidity" and that should make everyone happy.
Actually the whole video is like a replay of his whole post-9-11 posture.
Comments (6)
Solar
Market rebounds huge today
Looks like the bottom is in:
http://iamned.com/blog
Maybe things aren't so bad
Published: September 18, 2008 4:59 PM
Rellag
Actually, the feelings aroused by watching the U.S. government and its agencies flail around at great cost with little effect and less understanding must be akin to what an Iraqi citizen felt over the past five years.
Its difficult to watch.
Published: September 18, 2008 6:20 PM
Joe
To me, it looks like the Government and the Fed are in a full blown panic. Now we are hearing about resurrecting the old Resolution Trust Corp. to buy up the toxic debt and put it all on the back of the taxpayer just like they did with the S&L crisis. I do not like this at all.
Published: September 18, 2008 9:27 PM
Jeremy Wiebe
"Bush assures us that he will provide stability"
That's rich. While Bernanke and Paulson have been working up a storm of emergency loans and bailouts Bush has quietly slipped behind the curtain and now he makes such a comment. Clearly this man is out of touch with reality.
Published: September 19, 2008 12:51 AM
Keith
Emergency loans and bail outs. I love that. Did they just happen to have $85 billion in the back room? Did it fall from the sky?
Do you think I could get them to give me a bail out? Keith Inc. seems to be at a constant risk of failure and it would be devastating to my local economy. Maybe I should give these guys some political contributions.
Published: September 19, 2008 6:51 AM
Mike
Solar-
I get it. Bush has a blog.
Published: September 19, 2008 9:01 AM