Bush, Praising Fed’s Intervention, Faces Criticism

[Amerigo Vespucci]

Source: The New York Times

“I want to thank you, Mr. Secretary, for working over the weekend,” Mr. Bush said.

As he did in New York on Friday, Mr. Bush again projected an optimistic front on Monday, though his remarks and his schedule reflected a growing concern about the markets on a day that would otherwise be devoted to the traditional St. Patrick’s Day meetings and lunches.

“One thing is for certain,” Mr. Bush said in brief remarks in the Roosevelt Room. “We’re in challenging times.”

Democrats in Congress reacted harshly, with the Senate’s majority leader, Harry Reid of Nevada, saying the White House was willing “to bail out Wall Street at taxpayer expense,” even as it opposed legislation intended to ease the financial crunch on mortgages.

Read more: http://www.nytimes.com/2008/03/17/business/17cnd-bush.html

---

The time has come for Harry Reid to start walking the walk. He could start with walking into Speaker Pelosi's office and asking "What is this RIDICULOUS bullshit about "off the table?"

[Solly Mack]

1. I'm sure his inheritance is safe

[saigon68]

10. Doing a Hell of a Job---Brownie

As the hurricane approaches the shore

[Solly Mack]

11. Precisely

[Raven]

2. Yeah, I caught that too. The man has no idea what work means.

He really is his mother...we should be very afraid!

[magellan]

3. Speaking of the Roosevelt Room

Who knew the chimp did these things to it? From Wikipedia:

Cast bronze bas-relief plaques with profile portraits of Theodore Roosevelt by James Earle Fraser and of FDR by John DeStefano hung on the south wall until removal during a refurbishment during the second term of President George W. Bush.

Traditionally paintings of both presidents Roosevelt have hung in the room. Even before President Nixon's formal naming of the Roosevelt Room a tradition existed of Democratic administrations hanging Alfred Jonniaux's portrait of FDR over the mantel with Teddy Roosevelt's equestrian portrait by Tade Styka titled "Rough Rider" hung on the south wall. Republican administrations would, in turn, hang Teddy Roosevelt's painting above the mantel and move FDR's portrait to the south wall. Bill Clinton decided to keep the landscape formatted Teddy Roosevelt portrait above the mantel and FDR's portrait on the south wall.

During the second term of the George W. Bush administration the painting of FDR was removed from the room.

Just in case anyone doubted how childish Bush** really is.

No fireside chats for US!

[DLnyc]

5. Did he put up Herbert Hoover's picture?

That would seem appropriate, somehow.

[ryanmuegge]

4. If you're waiting for Harry Reid to grow a pair, you're going to be waiting forever.

He's a fucking punk.

[eridani]

6. From Manufacturing newsletter

Absolutely delusionaal--

http://www.manufacturing.net/News-Bush-US-Dealing-With-Financial-Crisis.aspx?menuid=36

President Bush, trying to calm turmoil in financial markets, said Monday that his administration is ''on top of the situation'' in dealing with the slumping economy.

"One thing is for certain, we're in challenging times," the president 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."

The president commended the Fed for its urgent actions over the weekend. "We've shown the country and the world that the United States is on top of the situation," he said.

Bush spoke on a day of turmoil and plunging prices on global financial markets. Oil prices hit a record in Asian trading, U.S. stock index futures fell sharply and the dollar hit record lows.

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 people as well.

"We agree upon the fact that our financial institutions are strong, and that our capital markets are functioning efficiently and effectively," Bush said with his economic aides.

[Kaleko]

7. The pretense is killing us, but the farce must go on... and on... and

:nuke:

[librechik]

8. his base gets helped--the people get zilch. What's wrong with that?

and it's a challenge to just help the rich and bamboozle the poor into thinking you're still "their" president. Yet he's pulling it off/. He's like magic, man. He can fly and stuff.

[Supersedeas]

9. using financial policy for partisan purposes to maintain the GoP Elitist base