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Discussion Starter · #1 ·
This idiot is so out of touch with the American People. It's an embarassment to know he's our president. Tdown:

President seeks to calm financial markets, praises Federal Reserve actions
The Associated Press
updated 9:56 a.m. PT, Mon., March. 17, 2008
WASHINGTON - President Bush, trying to calm turmoil in financial markets after a dramatic weekend, declared Monday that his administration is “on top of the situation� and dealing decisively with the slumping economy. Glad to see YOUR admin. is on top of the situation.....little late aren't you Mr. President

“One thing is for certain, we’re in challenging times,� Bush said after meeting with Treasury Secretary Henry Paulson and other senior economic advisers. “But another thing is for certain: We’ve taken strong, decisive action.� I swear....this guy is a ROCKET Scientist.

Bush spoke as the financial markets absorbed the stunning news that 85-year-old Wall Street powerhouse Bear Stearns had agreed to be acquired by rival JPMorgan Chase for the fire-sale price of $2 a share. Bear Stearns, which traded at nearly $160 a share less than a year ago, collapsed after losing billions of dollars on mortgage-backed securities.

Bush commended the Federal Reserve for its urgent actions over the weekend, which included guaranteeing financing for the Bear Stearns deal and making available more credit to Wall Street investment banks. Fed policymakers are scheduled to meet again Tuesday and are expected to lower a key short-term interest rate by as much as three-quarters of a percentage point.

The White House moved quickly to raise Bush’s public profile Monday, and he continued to send an upbeat message, even in acknowledging a downturn that keeps roiling the economy and the country’s people as well. Raise it all you want......you're still an idiot.

Bush said “our financial institutions are strong� and “our capital markets are functioning efficiently and effectively.� He praised Paulson for working with the Fed and showing “the country and the world that the United States is on top of the situation.� Yeah right....and at the same time we're bailing these idiots out with our tax dollars.

Still, Bush said the administration is monitoring economic developments closely. conf:

“When need be, we’ll act decisively in a way that continues to bring order to financial markets,� Bush said.

He did not indicate any other steps the government might take, or when.

“In the long run, our economy is going to be fine,� Bush said. “Right now we’re dealing with a difficult situation.� See....what did I tell you....he's a ROCKET SCIENTIST!!!

Over the weekend the the Fed, which operates independently, approved a cut in its emergency lending rate to financial institutions to 3.25 percent from 3.50 percent.

White House press secretary Dana Perino said Bush had been kept informed of the Fed’s intended actions through a variety of people, but that he was not personally involved in making or approving the decision. He's never made a GOOD decision in 7 years.....why start now??

She defended the dramatic intervention on behalf of the financial markets as necessary, even though Bush himself had warned Friday against excessive government intervention in the housing markets. “The concern about possible future market disruptions is real, and a concern not only just to the president but also to world markets,� Perino said.

Global markets plunged Monday, with Tokyo's Nikkei index off nearly 4 percent and major European indices down about 3 percent.

She also said the administration was taking action to help individual homeowners suffering from higher mortgage defaults, and that there is “a responsibility on the part of the media to really explain� that assistance.

Later Monday, Bush was to meet with his Working Group on Financial Markets, which includes Paulson, Fed Chairman Ben Bernanke and Securities and Exchange Commission Chairman Christopher Cox.

© 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 

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Yep the pres is a moron and you work at Boeing bucking rivets. The pres is a moron and everyone that took out a sub prime loan is a victim. We need some change clown:
 
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Discussion Starter · #5 ·
Theking said:
Yep the pres is a moron and you work at Boeing bucking rivets. The pres is a moron and everyone that took out a sub prime loan is a victim. We need some change clown:
Actually King....I don't work in the shop anymore, but thanks for the compliment. And just WHAT prey tell is wrong with bucking rivets??? Is that kind of job below you or something. Those people who do that job are some of the hardest working people out in the factory. So unless you've done that job before.....you shouldn't be bad mouthing them. And I know what I'm talking about because I did that type of work.

And just what line of work are you in that makes YOU that much more special than a factory worker for The Boeing Co.???

And I never said anything about the people that took out those sub-prime loans were victims. Did I?
 

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"And just WHAT prey tell is wrong with bucking rivets??? Is that kind of job below you or something. Those people who do that job are some of the hardest working people out in the factory. So unless you've done that job before.....you shouldn't be bad mouthing them. And I know what I'm talking about because I did that type of work.

And just what line of work are you in that makes YOU that much more special than a factory worker for The Boeing Co.???"

Nothing is wrong with bucking rivets I just find it comical when a rivet bucker calls someone with GW's experience and education stupid. It's fair to disagree with him but calling him stupid from a lesser position and expierence and lacking a similar degree is far fetched at best.
 

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In looking at the Bear Stearns/JP Morgan deal, I see that we, the American taxpayers, have taken on a $30 Billion bailout. Morgan was not going to do the deal until that little item was added. Sheesh!
 
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Discussion Starter · #8 ·
Theking said:
"And just WHAT prey tell is wrong with bucking rivets??? Is that kind of job below you or something. Those people who do that job are some of the hardest working people out in the factory. So unless you've done that job before.....you shouldn't be bad mouthing them. And I know what I'm talking about because I did that type of work.

And just what line of work are you in that makes YOU that much more special than a factory worker for The Boeing Co.???"

Nothing is wrong with bucking rivets I just find it comical when a rivet bucker calls someone with GW's experience and education stupid. It's fair to disagree with him but calling him stupid from a lesser position and expierence and lacking a similar degree is far fetched at best.
You never answered my question, so I guess you THINK you are above everybody else. Lets try again and it's a very simple question. What line of work are you in???
And a rivet bucker (as you call them), couldn't have done any worse. And I never called Bush "Stupid". I called him an "Idiot". There is a difference. wink:

But I admit I am wrong about him being an idiot. You're right.....he is Stupid. That definition actually fits him better. Thanks for picking up on that. Tup:

Stupid:
1 a: slow of mind : obtuse b: given to unintelligent decisions or acts : acting in an unintelligent or careless manner c: lacking intelligence or reason : brutish
2: dulled in feeling or sensation : torpid <still stupid from the sedative>
3: marked by or resulting from unreasoned thinking or acting : senseless <a stupid decision>

Idiot:
1usually offensive : a person affected with extreme mental retardation
2: a foolish or stupid person
 

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IBC, I'll give you a pass on your remarks. I know you must be frustrated because your man Osama Obama, as Ted Kennedy called him, is not looking too good lately. I know you libs think he's the one to turn the country around to socialism, but he's not going to get his shot at it. It's ok to be a liberal. Don't let it frustrate you. You can call me a conservative and I won't be offended.
 

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"You never answered my question, so I guess you THINK you are above everybody else."

No I said I found it commical that a rivet bucker would call someone with a vast amount more expierience and education stupid. That is miles apart from putting down the rivet bucker it is merely a comparison of expierience and education. Now if I called the rivet bucker a moron you would have a point.
 
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Discussion Starter · #11 ·
Theking said:
"You never answered my question, so I guess you THINK you are above everybody else."

No I said I found it commical that a rivet bucker would call someone with a vast amount more expierience and education stupid. That is miles apart from putting down the rivet bucker it is merely a comparison of expierience and education. Now if I called the rivet bucker a moron you would have a point.
Well he sure hasn't used any of this so called "Vast amount more experience and education" these last seven years. Hell....I would take "Rosey the Riveter" over him any day.

Why are you so afraid to say what line of work you're in? Just answer the question.
 

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'Why are you so afraid to say what line of work you're in? Just answer the question."

It's simply not relevant nor is it any of your business.
 

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IBNUC

His vast experience has consistently been to fail at whatever he attempts. AWOL from the National Guard job daddy got him to keep him out of a war. Just scraped by in the college daddy got him into. Failed in the oil business daddy set him up. Oh yes, his experience is just what we need at the helm in tough economic times. He rode the Clinton economy into the ground and now is overseeing the most threatening economic period in U.S. history since the last Republican brought us the great depression

http://www.theatlantic.com/doc/200309u/pp2003-09-24

Do a google on Bush Failures and you will get thousands of hits.
 
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Discussion Starter · #14 ·
Wham Bam said:
IBNUC

His vast experience has consistently been to fail at whatever he attempts. AWOL from the National Guard job daddy got him to keep him out of a war. Just scraped by in the college daddy got him into. Failed in the oil business daddy set him up. Oh yes, his experience is just what we need at the helm in tough economic times. He rode the Clinton economy into the ground and now is overseeing the most threatening economic period in U.S. history since the last Republican brought us the great depression
Tup: wink: clap:

I agree!!!
 
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Discussion Starter · #16 ·
Theking said:
'Why are you so afraid to say what line of work you're in? Just answer the question."

It's simply not relevant nor is it any of your business.
It IS relevant. Since you think it's ok to be condescending torwards certain workers at the Boeing company. :evil: Real nice King....real nice!!!! Sorry we didn't all turn out like you.....Mr. Friggin Perfect!!!! :evil: :oops:

Maybe you're not proud of the line of work that you're in.....but Boeing workers are sure proud of the work they do. Tup: clap:

The same workers that build the planes that you have (in all probability) have flown on and got YOU to your destinations SAFE. clap:
 

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"It IS relevant. Since you think it's ok to be condescending torwards certain workers at the Boeing company. Real nice King....real nice!!!! Sorry we didn't all turn out like you.....Mr. Friggin Perfect!!!! "

Not certain Boeing workers just you in comparison to the resume of GW.



"Maybe you're not proud of the line of work that you're in.....but Boeing workers are sure proud of the work they do. "

I sure they are but it is not relevant

"The same workers that build the planes that you have (in all probability) have flown on and got YOU to your destinations SAFE"

Again not relevant


If you have a couple of drinks do you get red faced and angry over nothing?
 

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Wham Beam said:
His vast experience has consistently been to fail at whatever he attempts.
Except beating Democrats. :lol:

If he's such an incompetent idiot, what does that say about the Democrats that he's repeatedly beaten like a rented mule? clown:

He rode the Clinton economy into the ground and now is overseeing the most threatening economic period in U.S. history since the last Republican brought us the great depression
Bush 43 inherited a recession from Slick Willy, had a major war waged on our country and our financial markets and then helped turn it around by stimulating the economy with tax cuts for ALL tax payers giving us 22 straight quarters of economic growth coupled with record $etting Treasury Revenue receipt$!!! clap: clap: We've been so red hot for so long a down turn was cyclically inevitable.

Also, the Great Depression was a world wide economic down turn and would have been a normal recession here in the United States but it was made much worse and became disastrous by implementing the anti-free trade protectionist policies like the Smoot-Hawley Tariff Act---Interestingly, raising taxes, opposing free trade and becoming more protectionist is exactly what both Barack Obama and Hillary Clinton are promising they'll do if they get into office. Tdown: Doing those two things right now could very well usher in another Great Depression. Tdown:

Be careful what you wish for.wink:
 

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Also don't forget the lateset fisaco on the mortgage crisis started because our friendly liberal politicans cried that home owner ship was racist because lower income minorities were not represented at the same rate as white holders. So they passed legislation and essentially forced lenders to include the subprime borrowers into their portfolios.
 

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I'm sure we all appreciate a liberal riveter's expertise on Bush's capability in dealing with economic issues, but just for balance, lets peruse the opinion of someone with some Wall Street experience.

Bush's Bull's-Eyes

Leadership: If you wonder why we run many of President Bush's speeches verbatim, we can think of at least three reasons â€" the most important of which is that most of what he says is right on the money.

The other two are that (a) Bush's speeches are rarely covered in any depth by mainstream media hostile to much of what he says, and (b) when the speeches are covered, only a couple of points â€" of interest to selfsame media â€" usually are highlighted.

With so many problems confronting the U.S., it's a shame there isn't more direct, unfettered communication between the people and their president. Maybe if the public was given a chance to hear the president out, the president wouldn't be held in such low esteem in public opinion polls.

Bush's address Friday to the Economic Club of New York was only the latest in which he has spoken forcefully and authoritatively on a major issue.

The economy, we're told, suddenly tops Americans' list of concerns (now that it's doing poorly, as the media keep reminding us, and that the previous No. 1 concern, the war in Iraq, is going well, as the media are loath to report).

Sure enough, the first headlines to cross the wires â€" "Bush Concedes Economy Troubled" and "Bush Acknowledges Weakness In U.S. Economy" â€" read just as we expected. And let's face it, many people never get the past the headlines.

The Bush we watched and listened to, however, brought to mind anything but "trouble" or "weakness." As in other recent speeches, he spoke passionately about America's ability to rebound from economic downturns â€" and indeed its remarkable performance in the face of almost unprecedented difficulties in the past seven years.

He also struck us as a man of action, armed with very specific (and compassionate) plans to deal with the economic slowdown and the housing crisis that brought it on.

As always, the policies Bush set out were backed by the soundest of economic principles. Note his concern about government actions "that will make it harder for the markets to recover â€" and when they (do) recover, make it harder for this economy to be robust."

Note also his avid support of free trade in general and the pending trade pact with Colombia in particular. "Devastating" is not too strong a word, in our opinion, to describe the consequences if Congress turns its back on this important Latin American ally.

Bush's principled stands were even more in evidence in the brief question-and-answer period that followed his speech (and which we didn't have room to include). There, he spoke of the "easy politics" of protectionism, isolationism and even nativism.

"Probably the most grim reminder of what can happen to America during periods of isolationism and protectionism is what happened in the '30s, when we had this 'America first' policy, and (the) Smoot-Hawley (tariff). And look where it got us."

But Bush also was blunt in the Q&A in acknowledging that America's energy policy "has not been wise." "You can't build a refinery in the United States," he noted. "You can't expand a refinery in the United States. The Congress believes we shouldn't be drilling for oil and gas in a productive part of our country like ANWR because it will destroy the environment, which in fact it won't.

"Technology is such that it will enable us to find more oil and gas. And so, as a result of us not having been robust in exploring for oil and gas at home, we're dependent on other countries."

In these and other messages, this president is â€" to borrow a favorite phrase of his critics â€" speaking "truth to power." Problem is, he's not getting a fair listen.

By: INVESTOR'S BUSINESS DAILY
Talk about Idiots! :lol:
 
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