Bush to discuss financial market problems

[Amerigo Vespucci]

Source: MSNBC

President Bush will address the volatile financial markets when he talks to reporters on Monday morning with the visiting president of Ghana, a White House spokesman said.

"You can expect the president to address the financial markets during his media availability this morning," said White House spokesman Tony Fratto.

Bush was to speak at 11:10 a.m. ET.

Read more: http://www.msnbc.msn.com/id/26718278/

[inanna]

1. Oh great n/t

[tanyev]

2. Oh, goody, he's going to 'splain it to us.

:eyes:

[melody]

3. Did they have to haul out the puppets to explain it to him again?

God, I'll be so glad when we have a thinking human being in office (Obama, iow).

[Solly Mack]

4. with the help of flash cards?

[ck4829]

5. If the Republicans were still the majority in Congress right now...

"Everything's fine! Stop worrying about it!"

[spinbaby]

6. Well, that's it

Last thing the markets needed today was a piehole.

[Epiphany4z]

7. blah blah the economy is strong

blah blah bull shit...blah blah its the dems fault...blah blah gimme you SS..blah blah ..drill baby drill

[Amerigo Vespucci]

10. White House Web Site: "Fact Sheet: American Economy Is Resilient in the Face of Challenges"

Also known as "catapultin' the propaganda..."

:eyes:

Fact Sheet: American Economy Is Resilient in the Face of Challenges

http://www.whitehouse.gov/infocus/economy/



President George W. Bush delivers remarks during a drop-by meeting on the economy and tax cuts Monday, June 2, 2008, in the Dwight D. Eisenhower Executive Office Building in Washington, D.C. President Bush said during his remarks, "The best way to deal with economic uncertainty is to let people have more of their own money, because we believe that the economy benefits when there's more money in circulation, in the hands of the people who actually earned it." White House photo by Joyce N. Boghosian

President Bush And His Administration Remain Determined To Help Americans Cope With Economic Uncertainties

On September 5, 2008, the Bureau of Labor Statistics released new jobs figures for August. Nonfarm payroll employment decreased by 84,000 jobs in August, and the unemployment rate rose to 6.1 percent. While these numbers are disappointing, what is most important is the overall direction the economy is headed. Last week, the economy posted a strong gain of 3.3 percent at an annual rate in the second quarter, led by growth in consumer spending, exports, and a well-timed and appropriately sized stimulus package. This level of growth demonstrates the resilience of the economy in the face of high energy prices, a weak housing market, and difficulties in the financial markets. Orders for durable goods have been rising in recent months. In addition, productivity growth over the past four quarters has been strong at 3.4 percent – above the averages for each of the past three decades over the course of the Administration.

* The bipartisan economic growth package that President Bush signed into law is having its intended effect. The Treasury Department has issued more than 114 million stimulus payments, totaling more than $93 billion. The growth package is estimated to return more than $150 billion back to American families and businesses this year. We may be seeing signs that business expensing provisions of the economic stimulus are starting to have an effect – shipments of core capital goods rose solidly in July, and orders have been solid over the past two months. The stimulus package is expected to continue to have a beneficial impact on the economy in the second half of the year.

President Bush Calls On Congress To Work On Bipartisan Measures To Accomplish Our Economic Goals

The President has proposed a comprehensive energy approach that would permit a range of new drilling options and encourage the development of alternative resources. If Democratic leaders in Congress are not willing to take comprehensive action, President Bush has called on them to act at least on three common-sense energy proposals.

* Congress should expand access to offshore exploration on the Outer Continental Shelf (OCS). Experts believe that the currently restricted areas could eventually produce about 18 billion barrels of oil, a quantity approaching current proven U.S. reserves and nearly 10 years' worth of our current annual production. This exploration is now banned by a provision included in the annual interior appropriations bill. President Bush calls on Congress to remove this restriction when they return from recess.
* Congress should expand access to oil shale. Oil shale is a highly promising resource in the United States that could produce the equivalent of more than a century's worth of imports at current levels. Last year, Democratic leaders used the omnibus spending bill to insert a provision blocking oil shale leasing on Federal lands – President Bush calls on Congress to remove that provision immediately.
* Congress should extend renewable power tax credits to spur the development of alternative sources of energy, such as wind and solar. Congress should make these credits long-term and expand them to cover all forms of low-emission power generation. Increasing production of low-carbon electricity will allow us to power a new generation of plug-in hybrid and hydrogen-powered vehicles.

The President continues to call on the Democrat-led Congress to approve pending free trade agreements (FTAs) with Colombia, Panama, and South Korea. Opening markets is extremely important during this time of economic uncertainty. Exports account for a greater share of America's gross domestic product than at any time in our history. These trade agreements will create more opportunities for American manufacturing interests, farmers, ranchers, and entrepreneurs.

President Bush calls on Congress to save Americans from the largest tax increase in history by making his tax relief permanent. At a time of economic challenge, the last thing American families need is a massive tax increase. The President's 2001 and 2003 tax relief fueled economic growth and reduced the burden on everyone who pays income taxes. Without President Bush's tax relief, Americans would have paid an additional $1.3 trillion in taxes by the end of 2007. If the President's tax relief is allowed to expire at the end of 2010, Americans will pay about $280 billion more in taxes each year.

[Hillary2012]

39. same old same old

[MetaTrope]

8. Popcorn, anyone?

:popcorn:

[VWolf]

9. Fire, meet gasoline nt

[Xipe Totec]

11. Here's a Bush quote to remember:

"I want you to tell your friends and neighbors, remind them before they go to the polls, what our economy has been through. Six months prior to my arrival in Washington, the stock market was in serious decline. Six months prior to my arrival. Then we had a recession; then we had some corporate scandals. We passed laws, tough laws that now make it abundantly clear we will not tolerate dishonesty in the boardrooms of America."

- George W Bush at Victory 2004 Rally
Youngstown Warren Regional Airport
Vienna, Ohio

[libnnc]

12. should we expect "it'll be harder to put food on yer family"?

"Heh, heh...guess that ownerships society thingy didn't take. Oops. Mah bad." :freak:

[alcibiades_mystery]

13. This should be an enlightening lecture

:eyes:

[lurky]

14. "We will preemptively invade Wall Street"

"They threaten our way of life and must be stopped. Besides, all that number stuff gives me a headache."

[Guy Whitey Corngood]

15. Why? nt

[54anickel]

16. This should be entertaining. If he were honest he'd tell the American

public that he and his party have totally fucked up, not a single Repuke knows what to do and they're collectively loosing their OWN asses. That fellow calling to vote for change might be onto something.

[Doctor_J]

17. Man the lifeboats. The "First MBA Resident" is going to tell us

everything he didn't learn at Harvard. No questions will be allowed, I'll bet.

Please wake me from this nightmare.

[Gman]

18. OH well that friggin' fixes everything

like anyone in the entire country wants to hear him say a goddam thing.

[Whoa_Nelly]

19. media availabilty...

Can't be actin' all presidenshul or nuthin', and actually gettin' himself up to give speshul time address this direct-like as a real leader.
No time, I reckon...he's workin' hard, cuz it's hard work! :eyes:

[trusty elf]

20. "I've always found the best investments...

are those that you salt away based on economics." Dubya

[undeterred]

21. Rape victims will now pay for their own rape kits...

[iiibbb]

22. Not discussing... as he is not taking questions...

[Doctor_J]

27. yes - "address" would be the correct verb

If Stupid would actually have to answer a question, he would piss his pants and start drooling.

[debbierlus]

23. Oh good lord. Look for the word - sound, stable, preventative measures

In other words....

A load of crap.

[yellowcanine]

24. What is he trying to do, see if he can drive the stock market into Bush territory?

[clixtox]

25. Postpone the elections due to the financial crisis and the need...

to keep a firm, experienced, qualified grip on the tiller of state is today's message.

In this case he is breaking the USA up and plowing it under with a rototiller!

[Doctor_J]

26. "Make my tax cuts permanent, and vote for Sarah Palin"

subtitle - "that way my rich friends will weather the storm, and I'll never be prosecuted"

[shaniqua6392]

28. So the fox is still guarding the henhouse????

America is bleeding to death economically and he has a little bandaid. Quit worrying......Go shopping!!! Nothing to see here. Move along.

[LeftHander]

29. Financial markets "doin' a heckuva job..."...

"It's hard work..."

[radfringe]

30. I can sum up his speech in 3 points

1. economy is strong
2. blame the democrats
3. don't worry - go shopping

[cosmicone]

31. Bush to discuss financial markets

sounds as shocking and incredible as "Taco Bell Chihuahua to discuss quantum mechanics."

[apnu]

32. So Chimpy is going to do a comedy routine? Do we get two free drinks before the show? (nt)

[santamargarita]

33. The Fascist Pig will say "everything is fine"

[JenniferJuniper]

34. Bush isn't pining, he's passed on

Bush is no more. He has ceased to be. He's expired and gone to meet his maker. This is a late president. He's a stiff. Bereft of life, he rests in peace. If you hadn't nailed him to the podium, he would be pushing up the daisies. He's rung down the curtain and joined the choir invisible. This is an ex-president.

Nothing he says or does about this matters. Toss him on the funeral pyre already.

[Tandalayo_Scheisskopf]

41. Yup.

He's The Norwegian Blue President.

[Amerigo Vespucci]

43. Reminds me of that old Glen Campbell song...

..."Country Boy, you've got your feet in L.A., but your mind's on Tennessee..."

I'm sure that the only thing on Junior's mind right now is the mansion that Laura wants in Dallas, and his previously expressed desire to "replenish the ol’ coffers..."

And for My Second Act, I’ll Make Some Money

By KATHARINE Q. SEELYE

Published: September 9, 2007

http://www.nytimes.com/2007/09/09/weekinreview/09seelye.html

A NEW book out last week reported that President Bush wants to hop on the lecture circuit when he leaves office in 2009 — “replenish the ol’ coffers,” as he put it in Robert Draper’s account of his presidency, “Dead Certain.”

“I don’t know what my dad gets,” the president told Mr. Draper. “But it’s more than 50, 75” thousand dollars a speech. He added, “Clinton’s making a lot of money.”

In recent years, virtually every president has left office and parlayed his experience into handsome fees. Criticism has followed.

Ronald Reagan was excoriated for taking $2 million for two speeches in Japan, at a time when the United States was locked in economic battle with his hosts; George H. W. Bush’s association with the Carlyle Group was held up to ridicule in Michael Moore’s “Fahrenheit 9/11”; and Bill Clinton has been lambasted for extracting eye-popping fees, sometimes $350,000 a speech.

There was no exception for the current president, with critics accusing him — in advance — of venality, greed and capitalizing on his presidency in a time of war.

In the book, Mr. Bush did not really explain his interest in more money. His assets are estimated at between $8 million and $20 million (and his daughters are out of college). Moreover, since the 1950s, when it was clear that Harry Truman could not afford even an office staff, the federal government has taken care of former presidents. Mr. Bush will receive an annual pension of $186,000, travel funds, mailing privileges, Secret Service protection, office space, staff, stationery and transition expenses.

“These are not people who are put out on the street destitute,” said Meredith McGehee, policy director of the Campaign Legal Center, which advocates tighter campaign finance rules.

And yet, what is an ex-president to do with the rest of his life? They are now generally leaving office at a younger age than their predecessors and living longer. Mr. Bush will be 62 when he clears out; Bill Clinton was 54. Their youth makes it unrealistic to expect them to retire and vanish.

“Presidents have always been able to profit from their prominence,” said Brian Flanagan, assistant director of the Hauenstein Center for Presidential Studies in Grand Rapids, Mich.

Sometimes this surprises people. “We’ve gotten to know our presidents through their careers in public service,” he said. “So people can feel betrayed or confused when they see a former president in a different light, cashing in on their celebrity. You see athletes doing it and movie stars. It’s hard to put a president in the same category.”

Mr. Bush has been vague about his post-presidential plans. He mentioned having “a nice place in Dallas” and setting up a Freedom Institute. Otherwise, he told Mr. Draper, “I can just envision getting in the car, getting bored, going down to the ranch.”

[Javaman]

35. Barking Weasel regurgitates at 11am. nt

[MadinMo]

36. I'm sure he'll explain everything clearly and

we'll all feel much better afterwards........

:puke:

[Jennicut]

37. Maybe is he breaks out the tap dance routine we will all feel better

Cause it will all be about comedy and farce this morning.

[HopeHoops]

38. Maybe he will show up drunk again to explain how Wall St. "gots a hangover"

[Roland99]

40. WTF does The Propagandist know about the markets?

As much as Palinsane does which is JACK SHIT!

[whistle]

42. That should be enlightening

[kimmylavin]

44. Unless he says, "This is all my fault,"

there's no point in listening.

[EmeraldCityGrl]

45. I'd risk every dime I have to throw an egg in his smug face...

I truly hate him...

[Liberalynn]

46. I can summarize it

"Its all those damn democrats in congress' fault. It doesn't matter that I have been the one in the big white house for eight years. Doesn't matter one horse poop, that for most of those years, I had a Puke majority. All it matters is that the Dems are in control of Congress by such a slim majority that they can't get any of their legistlation passed my fellow Puker's blocking efforts, its still the Dem's fault. Get it, its all the Democrats fault, it's all the democrat's fault. Elect more Pukes."

All the Corporate Bobble Media Heads Bob and Nod, all the sheeples in the viewing audience nod.

Conference over.

[AndyTiedye]

47. Uh, Oh, SELL!

If there is one thing that reliably makes the markets go DOWN, it's having ** talk about them!