Bush suddenly scraps comments on financial markets

[EV_Ares]

WASHINGTON - With little explanation, President Bush on Tuesday scrapped a statement he planned to give on the tumultuous financial markets, abandoning any press coverage of his meeting with key economic advisers as more developments roiled Wall Street.

As announced by the White House, Bush was scheduled to make comments to a pool of reporters after huddling with a key financial working group led by Treasury Secretary Henry Paulson. Its members include Federal Reserve Chairman Ben Bernanke and other key government figures in the field of commerce.

Yet after the session began, the White House told the press never mind. Spokesman Tony Fratto said only: "We decided it would be best to limit public comment about markets today." He declined to offer any explanation about why limiting Bush comment would be best, or why on this particular day.

The meeting went on as planned.

After the session, White House press secretary Dana Perino offered only a one-sentence description of the session. She confirmed that Bush had been briefed by his working group on financial markets and said the president appreciated "their work to strengthen and stabilize the markets."

Bush's sudden no-comment came on a day when the turmoil on Wall Street came to seize the presidential campaign.

rest of article @ link:
http://news.yahoo.com/s/ap/20080916/ap_on_go_pr_wh/bush_markets;_ylt=AiYMBY.7Ekz7zVgPlGr0I8vZn414

[Hugin]

1. Yikes! It must be worse than we think...

Seriously.

[whosinpower]

2. They screwed up

This was supposed to implode AFTER Obama was elected - not before. Now the crap is stinking up the white house, deflating the little chance that McCain had and laying it squarely at the GOP's feet.

So - words of wisdom and comfort from Mr. Bush.....nope - no comment.