While the country suffers soaring prices & foreclose, the president & advisors laugh their a**es off

[housewolf]

http://graphics8.nytimes.com.nyud.net:8090/images/2008/03/18/business/18bush_600.jpg

President Bush on Monday flanked by Treasury Secretary Henry M. Paulson Jr., left, and Ben S. Bernanke, right, chairman of the Federal Reserve.



Bush Backs Fed’s Actions, but Critics Quickly Find Fault
By STEVEN LEE MYERS
Published: March 18, 2008

WASHINGTON — President Bush on Monday welcomed the Federal Reserve’s sweeping intervention in the nation’s financial markets as his administration faced accusations that it had supported the bailout of a prestigious investment bank while doing little to address the hardships of Americans facing foreclosures on their homes.

Meeting with his economic aides at the White House in the morning in the first of two meetings on the economy, Mr. Bush again sought to project optimism at a time of financial turbulence after the Fed’s brokering of the takeover of Bear Stearns by JPMorgan Chase.

Mr. Bush singled out Treasury Secretary Henry M. Paulson Jr. for praise, saying he had shown “the country and the world that the United States is on top of the situation,” an assertion that was broadly disputed by the president’s critics.

“I want to thank you, Mr. Secretary, for working over the weekend,” Mr. Bush said in brief remarks in the Roosevelt Room.

more...
http://www.nytimes.com/2008/03/18/business/18bush.html?_r=1&ex=1363492800&en=e642a5a8ce69a792&ei=5090&partner=rssuserland&emc=rss&pagewanted=all&oref=slogin

[The Wielding Truth]

1. Do you get weekends off in jail?

[Clear Blue Sky]

2. They are laughing over how they all shorted Bear Stearns last week...

[Zynx]

4. Paulson would have if he had the chance. He was at Goldman and they hate Bear Stearns.

[Echotrail]

3. It's just another Katrina to him

He's a deadly :+

[rudy23]

5. He's really at his giddiest in the face of tragedy.

The man has full fledged NPD. He's a functioning suicidal.

[housewolf]

6. Shameful, isn't it?

Unbelievable.