Bush sees no recession coming

[maddezmom]

Source: AP

WASHINGTON - President Bush said Thursday that the country is not headed into a recession and, despite expressing concern about slowing economic growth, rejected for now any additional stimulus efforts. "We've acted robustly," he said.

"We'll see the effects of this pro-growth package," Bush told reporters at a White House news conference, acknowledging that some lawmakers already are talking about a second stimulus package. "Why don't we let stimulus package one, which seemed like a good idea at the time, have a chance to kick in?"

Bush's view of the economy was decidedly rosier than that of many economists, who say the country is nearing recession territory or may already be there.

~snip~

On one issue particularly worrisome to American consumers, there are indications that paying $4 for a gallon of gasoline is not out of the question once the summer driving season arrives. Asked about that, Bush said "That's interesting. I hadn't heard that. ... I know it's high now."

Bush also telegraphed optimism about the U.S. dollar, which has been declining in value.



Read more: http://news.yahoo.com/s/ap/20080228/ap_on_go_pr_wh/bush;_ylt=AlrpY9bgxT6hQ5V0WlHj64es0NUE

[Kolesar]

1. Didn't anticipate airliners being flown into skyscrapers either

woe.

[mac2]

4. That was my exact thought.

Impeach the lying, stealing, treasonous so and so.

[ixion]

8. nor a lengthy occupation of the 'cake walk' that became the quagmire Iraq

nor anything else. He's a lying sack of sh*t, in other words.

[KansDem]

19. And in both cases, he'll sit on his butt and do nothing. (nt)

[mac2]

67. That was reason enough to impeach him.

We don't need investigations into all that other stuff. In the future yes...but we are in danger now.

[L0oniX]

2. If his car was stuck on a rail road track, he wouldn't see the train coming.

[LiberalEsto]

3. Bush doesn't see anything

because his head is so far up his own ass.

[YOY]

5. And his instincts have always been on target!

:sarcasm:

Keep talking shrub...

[mike_c]

6. that's a relief-- I feel so much better now....

:crazy:

[Mythsaje]

7. Another breathtaking prediction from Nostradumbass...n/t

[oldtime dfl_er]

9. Nope, all he sees

is a tall cool Jack Daniels comin' his way.

[Kittycat]

10. Well that's because it's already here.

What an idiot. I heard him talking about this today live, and I had to pick up the baby and leave the room.

[PassingFair]

51. I hope you got out in time...

and the baby wasn't damaged in any way!

:hi:

You REALLY have to SCREEN!

[Kittycat]

78. No, I'm pretty sure he was crying as we ran out.

I'm not sure if it was because I took him for a nap or pre-napmares from seeing *.

[tridim]

11. Anyone have any doubt that they'll blame the "coming" recession on the Dem candidate?

It wont work, but that's what they're going to do.

"American consumers are just reacting to the possibility of a Democrat winning office." Blah blah blah.

[gasperc]

23. well, they'll blame dem for making it worse

i don't think they'll be able to blame it on the Dem, but whatever shitstorm engulfs us next year, the dem will certainly be blamed for amking this worse, things wouldn't have been this bad under a rethug

[ChairmanAgnostic]

12. If you think about it, his life is a never-ending story of failures.

Harken Oil, Dry Hole Oil, baseball, Mishun Akkomplisht, the economy, the muddle east - everything.

[onehandle]

13. Good news Mr. President. Have a beer!

You know you want to.

[Kolesar]

14. bush* ordered Treasury Sec'y Paul O'Neill to only say "strong dollar"

O'Neill wanted to deliberate on deficits and monetary issues, but bush* muzzled him until he quit in disgust.

Then Paul wrote "the Price of Loyalty" that the bushies could not rebut. http://thepriceofloyalty.ronsuskind.com/

[mac2]

68. O'Neill was a corporate leader with guts and ethics.

Bet Bush didn't expect that.

[Hugabear]

15. He's already got his millions

He already has it made, and he's about to leave office. Why should he care if the nation slips into a recession or worse? It's not like it's going to affect him.

[bdamomma]

38. nope it is not going affect him in the least.

can we arrest him now???

[mac2]

69. Murder and genocide have no time limit

is our only hope for the future.

[EmperorHasNoClothes]

16. $4 a gallon gas is "interesting" to Bush.

I'm sure it is.

[Deny and Shred]

70. "What do you say to the average American who's hurting economically?"

That question was posed to him during the Q&A after his press conference this morning.
His response consisted of two points: A) The Tax Cuts should remain permanent, and B) We should be exploring for more Oil & gas.

The Q&A was some of the worst, most unfocused oratory in the history of the spoken word, and I include Cro-Magnon Man's original grunting. It was virtually incoherent, chock full of mixed metaphors and misuse of basic words. He can barely keep a thought in his head.

[Tanuki]

77. "...Cro-Magnon Man's original grunting." hahaha

You made me laugh! Thanks for that image. I look forward to reading more posts from you!

:hi:

[Zorra]

17. "Let 'em eat cake - heh-heh". Bu*h must be Marie Antoinette reincarnated

He does not look beyond the walls of the ivory tower he was raised in, so he has no idea of what is really going on in the world.

Bu*h is a fool and needs to be removed from office mmediately, before he has a chance to destroy the country completely.

[YOY]

28. Yeah, but she never really said that

Bush might.

[gasperc]

18. he'll send in the Florida gang

to fix facts

[CountAllVotes]

20. no recession is right

we'll skip that part and just move right along to something called a DEPRESSION!

:dem: :kick:

[emmadoggy]

21. The man is so far out of touch with reality, he might as well be on Pluto.

On one issue particularly worrisome to American consumers, there are indications that paying $4 for a gallon of gasoline is not out of the question once the summer driving season arrives. Asked about that, Bush said "That's interesting. I hadn't heard that. ... I know it's high now."


:wtf: Could he be any more clueless???

[bdamomma]

39. he is a real sick sick man, mentally .

He needs to be removed from office. Hasn't he caused enough damage, what is wrong with those Reps and Senators we need to impeach his butt.

[Art_from_Ark]

83. And his father thought bread was selling for $19 a loaf

Under his prodigal son, it just might reach that level :banghead:

[Amerigo Vespucci]

22. 'That's interesting. I hadn't heard that. ... I know I'm high now."

Junior uses the word "interesting" in very interesting ways. During the 2004 elections, when the idea of a "National Sales Tax" (the same "Fair Tax" Huckabee is endorsing) was floated, he replied:

"You know, I'm not exactly sure how big the national sales tax is going to have to be, but it's the kind of interesting idea that we ought to explore seriously...

Later, when Kerry challenged his "interest" and reminded Americans that:

"If (Bush) has his way, every trip to the supermarket will feel like a visit to H&R Block and every day will be April 15,"

...Bush downplayed and eventually denied his "interest." He never discussed it again prior to the election.

I'm interested in January 2009. I'm interested in Bush waving to the crowds, Nixon-style, and departing the White House for the final time. That's interesting. Or, as Paris Hilton might say, "That's HOT."

:patriot:

[napi21]

24. He really DOESN'T listen to any of the experts, does he!

either that, or it's the old "If his mouth is moving he's lying!"

[iconoclastic cat]

25. If he did, he'd see *two* of them coming. nt

[nels25]

26. Yeah right and Tampa Bay

is going to beat the Yankees in the ALCS and the Cubs in this years world series too.

Sure!!

:sarcasm:

[liberal N proud]

27. Not for him and the uber rich

Just the rest of the world suffers while he dines on caviar

Stupid fucker

[pinto]

29. Meanwhile, "Economy slows to near crawl in fourth quarter" :

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3202242

[JDPriestly]

48. Bernanke predicts possible bank failures amid news of more unemployment and decline of Dow Jones

Wall Street fell sharply Thursday as investors, already concerned about a rise in unemployment claims, sold off when Federal Reserve Chairman Ben Bernanke said there could be some bank failures. The Dow Jones industrial average fell more than 140 points.

ADVERTISEMENT
Bernanke, testifying before Congress, said that while the large U.S. banks will likely recover from the recent credit crisis, others could fail.

"Implying that some banks may fail stirs concerns for any investor who's familiar with financial and economic history," said Hugh Johnson, chairman and chief investment officer of Johnson Illington Advisors. "Investors have been very edgy about credit market conditions and banks' financial conditions. Very edgy. And this doesn't remove that edginess."

http://biz.yahoo.com/ap/080228/wall_street.html

Stocks are still at a higher level than they were five years ago. But -- gold is way up.

As for oil:
Light, sweet crude for April delivery rose $1.81 to $101.45 a barrel on the New York Mercantile Exchange after earlier rising as high as $101.90. Futures set a new record of $102.08 on Wednesday.

Oil's rally is pulling gas prices higher. At the pump, retail gasoline prices rose 0.9 cent overnight to a national average of $3.161 a gallon, according to AAA and the Oil Price Information Service. Prices are within 7 cents of May's record of $3.227 a gallon. The Energy Department expects prices to peak near $3.40 a gallon this spring; many analysts think prices will rise much higher than that.

Oil prices fell $1.24 a barrel Wednesday after the Energy Department reported crude inventories rose more than expected last week.

But that reflected a rare reaction by oil investors to supply and demand fundamentals. Oil prices have been far more affected in recent months by dollar- and interest rate-driven investment decisions, analysts say.

http://biz.yahoo.com/ap/080228/oil_prices.html

Bush seems to be living in the pre-internet age when ordinary people could not get check the indices of the economy for themselves in a matter of seconds. Or, alternatively, Bush is lying, knows he is lying, but doesn't care anymore. Actually, that Bush is just lying to the American people is quite likely. After all, his statement will be reported on the news tonight and because he is the president many fools will actually believe him rather than the evidence that is so readily available.

[Tempest]

30. Which means in reality the recession is already here

When has he ever been right?

[redqueen]

41. And has been for months... wasn't this acknowledged already?

In the foreign press, I mean... of course.

edit: This is the one I was thinking of

Recession in U.S. has arrived.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x32142

[bdamomma]

42. he does not care, only cares about himself and his cronies.

[Harry Monroe]

31. One question for Mr Bush

"What color is the sky on your planet??"

[krispos42]

32. Oh shit, we're fucked

[Vinca]

33. To the mysterious 20% who don't think he's nuts, this is proof positive. nt

[truthisfreedom]

34. "... which seemed like a good idea at the time..." My god, what a schmuck.

He's insulting himself.

[kineneb]

35. Hey George! That's not the moon, it is an on-coming train!

(sound of diesel train horn...) ...splat!

...ugh. Oh, well...he didn't see that coming either...

[damntexdem]

36. But, then, he DID see a 'mission accomplished.'

He has long needed to have his eyesight checked.

[bdamomma]

37. geez, what a sick POS he is.

really he is, just wants to hear good news, I remember when I read that somewhere, never wants to hear the bad, what a detached fratboy he is.

[Turbineguy]

40. But then again

he keeps his eyes closed just in case. Or maybe he has those special shades that Zaphod Beeblebrox wears to protect himself from danger.

News flash for visiting Freepers: Your president is an idiot.

[katty]

43. bush assures us "all is well in munchkin-land"

[opihimoimoi]

44. We Trust him??? The one with a Hemongous record of IGNORING WARNINGS????

His GUT FEELINGS are Known for being FUCKED UP....do we get it mow...??

[bdamomma]

50. again he will keep on repeating and repeating to catalpult

the propaganda, and how many of those who are not clear thinkers like us, will start saying "we are not in a recession", geez, denial is a bitch isn't it?

[opihimoimoi]

73. When REALITY is denied.....its called...Obstinate, Rigid, Foolish, Deaf, Delusional, etc

When large amounts of peeps follow...its called the Lemming Effect.....

[musette_sf]

45. "We've acted robustly"

this is the most idiotic thing i've heard Idiot Son say in a few weeks. WTF does THAT mean????

[zbdent]

46. "Ya see, I got a job ... pays $400K a year ...

but I'm going to leave 1/21/2009 ... and I'm going to receive free health care and police protection ... so I can't see any problem ..."

[mac2]

65. Another reason to impeach at this late date.

We won't get the bill for a President who ruined us both democratically and financially. Most the world hates us making us a target. I believe they don't want our dollar either for that reason.

[Maeve]

47. He's right, y'know....it's already HERE!

Dumbya strikes again...

[fascisthunter]

49. Criminal Sociopathic Liar

"duh... I didn't know..".


Yeah... sure ya didn't.

[Nickster]

52. "You see, all that economic, that means dealing with the economy, information was historical in

nature. There was nothing in that economic information that was actionable."

[LiberalFighter]

53. What does he pay for groceries?

[Lone_Star_Dem]

54. He doesn't. We foot the bill.

He lives in a nice little bubble were things such as soaring grocery and fuel prices cannot touch him.

[khaos]

55. he's monkey brained analysis given to him by his script writers is correct..

it's a depression

[maseman]

56. Bush: U.S. is not headed for recession

Source: MSNBC/AP

WASHINGTON - President Bush said Thursday the country is not recession-bound and, despite expressing concern about slowing economic growth, rejected for now any additional stimulus efforts. "We acted robustly," he said.

"We'll see the effects of this pro-growth package," Bush told reporters at a White House news conference, acknowledging that some lawmakers already are talking about a second stimulus package. "Why don't we let stimulus package 1, which seemed like a good idea at the time, have a chance to kick in?"

Read more: http://www.msnbc.msn.com/id/23389508

---

What an ass-clown. Recession means nothing. People are REALLY hurting and with inflation going on with energy prices soaring no one can afford anything (except his rich crony friends.) Fuck you Bush.

[Vincardog]

57. Say it again Fuck you Bush you a$$ Clown.

[Kikosexy2]

64. It's because...

we're already there....such a bad liar he is...

[CountAllVotes]

58. * is right!

No recession - try DEPRESSION!

:kick:

[racaulk]

59. Yeah, because everything Bush has said over the last 7+ years has been true.

Whenever he says something, you know the opposite is true. If he says we're not headed for a recession, you know we are. Only pathological liars and the criminally insane are so divorced from reality, and I believe Bush is both.

I second your sentiments. Fuck you, Bush!!! Fuck you with something large, hard, and sandpapery, you criminal Nazi fuck!!!

:mad:

[stellanoir]

60. And gas is NOT 4 bucks a gallon.

[Hugabear]

71. Not yet anyways

It will be before too long.

[fascisthunter]

61. Wealthy Parasites

[flakey_foont]

62. not headed.......

already there...............Geez Louise! is that plonker so far removed from reality????

[maseman]

63. He was sitting in Junior high

saying over and over "She likes me...she likes me...hehehe she likes me..." thinking that would make her fall in love with him.

[godfather08]

66. Have you had your 'Polzoo' today?

Have you had your ‘Polzoo’ today?

By

Jared Colby

New generation grassroots political editorial and social network gathers attention

As sparks continue to fly on the political stage during this eventful primary season, the cyber world of the pundit blogosphere is pulsing with activity following every debate, election and every piece of gossip. In the past two years, the politicized internet has been dominated by blog sites such as Dailykos.com, popular with the Liberal crowd, and Townhall.com which serves the needs of the Conservative blogger. Other large budget news blogs such as Politico.com and Huffingtonpost.com also cast a long shadow over their share of the blogosphere.

It is in this shadow that a small but tenacious grassroots blog seeks to stake a claim. Polzoo.com bills itself as ‘a social networking center for political participation, debate and action’. Despite a long winded and seemingly banal self-description, the site itself actually offers quite a bit of entertainment for your average political junkie. Launched in early February of 2008, owner Frederick Kuo envisioned a non-partisan site where bloggers of all stripes and colors can come together to discuss and debate issues. “I wanted to combine the traditional online political editorial and blog with the functions of myspace”, says Kuo, a local Sacramento crepe shop owner, enthusiastically of the project. Despite only being in operation for a mere three weeks, Polzoo already has a group of regular contributors who act as featured columnists on the front page. True to form, the political affiliations are divided evenly between three liberals, three conservatives and one independent. The featured columnists were hand picked from the blogosphere by Kuo who reveals, “I was looking for columnists who represented the average joe, rather than those who already had connections… and they also needed to be passionate”. And passionate they are, already some blogs have generated fiery reactions from other members. In response to a liberal columnist who writes that adherence to diversity was what historically made America great, a conservative member argues the opposite and charges “and the Liberals keep fiddling while Rome burns… they were the ones who let the Huns in”.

Free advertising for social causes

In addition to being a full fledged grassroots political blog and social networking site, Polzoo has also begun a program to help non-profit organizations by permanently giving free advertising on the front page for a different cause on a weekly basis. “My goal was to use this site not only to spur political thought and debate, but also to allow important social issues of our day to gain greater exposure”, says Kuo of the Polzoo non-profit organization program. Although clearly, no organization has yet to apply, the program statement advises organizations to submit their banners to be featured and to create a blog detailing the importance of the cause they are involved in.

Navigating throughout the site, I found the setup intuitive and easy to use. However, it is clear that as a young site, there are still a few kinks here and there to work out. The profile function could be refined a bit more in order to create an easier flow for those who want to surf portfolios. The private messaging system is not very intuitive, and could be integrated better with the community database. I am told, however, that these bugs are to be worked out in the coming months as the site continues to grow. “I am focusing on providing quality content and substance first, and then everything will come together”, asserts Kuo confidently on the direction of the site.

So have you had your ‘Polzoo’ today? Perhaps not, but as interest in this grassroots political site grows, growing numbers of individuals will increasingly have Polzoo with their morning coffee.

[sarcasmo]

72. If I were a multi millionaire and ruling elite, I wouldn't see one coming either.

We are already in one A$$hat.

[MrsBrady]

74. well, we already know the man doesn't have a frim grasp on reality n/t

[BadGimp]

75. God Dammed Lies

[GoddessOfGuinness]

76. See no evil

[minnesota_liberal]

79. Wishful thinking or denial? Neither works well as Policy

Just more crap from the administration that paid journalists to hype No Child Left Behind, assured us they knew where Saddam's WMDs were and sold their troop escalation as a "surge."

Anyone who'd believe their economic forecasts is a fool.

[IsItJustMe]

80. He is brilliant after all. I will trust him. He has proved he is a person of wisdom.

:sarcasm: :sarcasm: :sarcasm: :sarcasm:

[rocktivity]

81. Runner up for this month's "You Call This NEWS?" award

If he doesn't see a recession, it's because he doesn't want to look. And he doesn't want to look because he knows he'd see himself.

:eyes:
rocknation

[sofa king]

82. And if it does come, it's Bill Clinton's fault.