The man who ran an oil company and the Texas Rangers (oh yeah, and the USA) into the ground and was bailed out on all (hopeful on that last one) thinks bad businesses should be allowed to fail.
If the whole problem is that people and businesses can’t borrow money, why not just lend them money? That was what I got out of the reading of the teleprompter.
I had fun watching him talk about his trust in the free market right before he asked us to spend three quarters of a trillion dollars to bail out Wall Street. It was too funny.
If the whole problem is that people and businesses can’t borrow money, why not just lend them money? That was what I got out of the reading of the teleprompter.
What you are suggesting is a government run bank to (temporarily) replace the private ones while they fail. Which is actually a pretty good idea. But it will never happen so long as this administration draws breath.
If you just lend them money, you’ll have to keep lending them money for a pretty long period of time. And you won’t just have to lend banks money, you’ll have to lend every other company money, because the banks aren’t able to do so. Also, investors (who do most “lending” through the purchase of bonds and other securities) are afraid and have run to the safety of Treasuries, closing other markets.
No, the only thing you can do is remove the contagion from the body, and that contagion is these hundreds of billions worth of illiquid and impaired mortgage securities.
I think he still beleives that he can save his legacy by again being a bold, decisive leader in the face of adversity. He’s delusional and scared that history will equate Bush with Hoover and bit of Nixon thrown in.
Re TH’s comment “No, the only thing you can do is remove the contagion from the body ”
———-
No really — you can let the cocksuckers die.
We don’t HAVE to lend to anyone. Find some hardnosed asshole from the IRS and put him at the front desk screening applications. Find some ugly looking Federal Marshall with a big fucking revolver and have him stand beside the IRS guy.
That is exactly his plan. And McCain’s reason for “suspending his campaign.” The goal is to ratchet up the sense of crisis to such an extent that anyone who is not panicking over it is partisan, weak, unpatriotic, etc. This is what happened after 9/11, before the Iraq invasion, during the Iraq invasion, over the Patriot Act, FISA bill, etc. Crisis allows them to consolidate power.
Answer: if his appearance led people to believe that he was going to take an active part in trying to deal with the problem, yeah. But most people have tuned the fuck out.
Could McCain be having a senior moment or is he just too overwhelmed by this crisis to debate?
Or, is McCain really being dirty and underhanded, trying to pull the wool out from under Barack’s feet, when he reached out to him early Wedensday morning in a bi-partisan moment, so together they could show solidarity and release a Joint Statement, however, McCain did not like that idea and decidied to bring politics into an already unsteady situation in an attempt to aid his political career, pretending that it was he who reached out to Barack and not the otherway around! However, that was not good enough, he must one-up him and cancel the campaign all together, the crisis is so great, a sudden change of heart that makes McCain look phony and untrustworthy. That is not putting Country first, but we already know that by his Pallin pick!
And, of course, the debates should not be cancelled. A President has to be able to multi-task, big time! McCain’s cancelling looks more like a senior moment or that he is too overwhelmed and distraught to be albe to explain to the country just what he would do to address this problem.
McCain the Wizard of Oz now pretends he has a heart, brain and courage! If so, its not working very well. His wall of lies and deceipt are closing in on him and soon there will be no place to hide, not even in the Senate. McCain you can run, you can lie, but you cannot hide.
Of course Bush is trying to panic the public, and the markets and especially the democrats. McCain’s rash behavior isn’t the way someone who wants calm acts either. They want crisis so they can take advantage of it.
September 24th, 2008 at 9:06 pm
“Is there any chance that George W. Bush appearing on television could do anything other than deepen people’s sense of panic?”
Maybe that’s the plan. Panic people into signing on to this taxpayer robbery bill? Isn’t that how he got us into Iraq? Worked then, why not now?
September 24th, 2008 at 9:07 pm
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!
September 24th, 2008 at 9:07 pm
A lot of Americans really do find rambling, empty incoherence to be reassuring and citing specific facts to be smacking of “elitism.”
See also my comment on the Sarah Palin post a few minutes ago.
September 24th, 2008 at 9:08 pm
His plan appears to numb people’s minds into tranquility.
September 24th, 2008 at 9:08 pm
The man who ran an oil company and the Texas Rangers (oh yeah, and the USA) into the ground and was bailed out on all (hopeful on that last one) thinks bad businesses should be allowed to fail.
Not those that run them….
September 24th, 2008 at 9:09 pm
“to” = “to be to”
September 24th, 2008 at 9:10 pm
If you look up the word diffident in the dictionary, you will see Bush’s picture.
September 24th, 2008 at 9:12 pm
he himself looks panicked. he’s trembling as he stares down the teleprompter.
September 24th, 2008 at 9:23 pm
Only thing worse than a BushCo speech is all the ensuing horse shit “analysis” from our clueless media dorks.
September 24th, 2008 at 9:23 pm
If the whole problem is that people and businesses can’t borrow money, why not just lend them money? That was what I got out of the reading of the teleprompter.
September 24th, 2008 at 9:24 pm
I just keep hearing in my head: The Iraq war will pay for itself
September 24th, 2008 at 9:31 pm
That IS the plan. To create a sense of panic to get the bailout deal he seeks.
September 24th, 2008 at 9:31 pm
Bush being kept at arm’s length through all this reminds me of that quote from The Godfather:
“Nothing was more calming, more conducive to pure reason, than the atmosphere of money.”
Bush doesn’t really fit into an atmosphere like that.
September 24th, 2008 at 9:34 pm
I had fun watching him talk about his trust in the free market right before he asked us to spend three quarters of a trillion dollars to bail out Wall Street. It was too funny.
September 24th, 2008 at 9:59 pm
What you are suggesting is a government run bank to (temporarily) replace the private ones while they fail. Which is actually a pretty good idea. But it will never happen so long as this administration draws breath.
September 24th, 2008 at 10:08 pm
If you just lend them money, you’ll have to keep lending them money for a pretty long period of time. And you won’t just have to lend banks money, you’ll have to lend every other company money, because the banks aren’t able to do so. Also, investors (who do most “lending” through the purchase of bonds and other securities) are afraid and have run to the safety of Treasuries, closing other markets.
No, the only thing you can do is remove the contagion from the body, and that contagion is these hundreds of billions worth of illiquid and impaired mortgage securities.
September 24th, 2008 at 10:10 pm
I think he still beleives that he can save his legacy by again being a bold, decisive leader in the face of adversity. He’s delusional and scared that history will equate Bush with Hoover and bit of Nixon thrown in.
September 24th, 2008 at 10:16 pm
Re TH’s comment “No, the only thing you can do is remove the contagion from the body ”
———-
No really — you can let the cocksuckers die.
We don’t HAVE to lend to anyone. Find some hardnosed asshole from the IRS and put him at the front desk screening applications. Find some ugly looking Federal Marshall with a big fucking revolver and have him stand beside the IRS guy.
September 24th, 2008 at 10:39 pm
Exactly. John McCain’s “campaign suspension” was meant to do the same thing. The concept that the end is upon us needed reinforcement.
September 24th, 2008 at 11:31 pm
I figured out what this speech reminds me of….
Willow: Well, the important thing is not to panic.
Xander: You just recited the mystical panic-causing incantation, so little hope there.
September 24th, 2008 at 11:50 pm
Wow, did that little chimp look like he was close to losing bowel control or what?
September 25th, 2008 at 1:13 am
That is exactly his plan. And McCain’s reason for “suspending his campaign.” The goal is to ratchet up the sense of crisis to such an extent that anyone who is not panicking over it is partisan, weak, unpatriotic, etc. This is what happened after 9/11, before the Iraq invasion, during the Iraq invasion, over the Patriot Act, FISA bill, etc. Crisis allows them to consolidate power.
September 25th, 2008 at 1:32 am
Answer: if his appearance led people to believe that he was going to take an active part in trying to deal with the problem, yeah. But most people have tuned the fuck out.
September 25th, 2008 at 7:01 am
Could McCain be having a senior moment or is he just too overwhelmed by this crisis to debate?
Or, is McCain really being dirty and underhanded, trying to pull the wool out from under Barack’s feet, when he reached out to him early Wedensday morning in a bi-partisan moment, so together they could show solidarity and release a Joint Statement, however, McCain did not like that idea and decidied to bring politics into an already unsteady situation in an attempt to aid his political career, pretending that it was he who reached out to Barack and not the otherway around! However, that was not good enough, he must one-up him and cancel the campaign all together, the crisis is so great, a sudden change of heart that makes McCain look phony and untrustworthy. That is not putting Country first, but we already know that by his Pallin pick!
And, of course, the debates should not be cancelled. A President has to be able to multi-task, big time! McCain’s cancelling looks more like a senior moment or that he is too overwhelmed and distraught to be albe to explain to the country just what he would do to address this problem.
McCain the Wizard of Oz now pretends he has a heart, brain and courage! If so, its not working very well. His wall of lies and deceipt are closing in on him and soon there will be no place to hide, not even in the Senate. McCain you can run, you can lie, but you cannot hide.
September 25th, 2008 at 8:58 am
Of course Bush is trying to panic the public, and the markets and especially the democrats. McCain’s rash behavior isn’t the way someone who wants calm acts either. They want crisis so they can take advantage of it.
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