Bush to address Americans' financial fears (10:30am ET news conference)

[Newsjock]

Source: CNN

President Bush will address Americans' "understandable anxiety" about their finances Tuesday, the White House said.

The president's news conference will air live on CNN and CNN.com at 10:30 a.m. ET.

Speaking from the Rose Garden, Bush will "call upon Congress to send him sensible and effective bills that will help Americans weather this difficult period and keep our country moving forward," spokeswoman Dana Perino said in a written statement.

Bush will ask Congress to focus on four areas: energy, food prices, mortgage payments and student loans, Perino said.

Read more: http://www.cnn.com/2008/POLITICS/04/29/bush.economy/

[AndyTiedye]

1. Uh Oh

SELL!

[LynnTheDem]

2. ROTFL!

:rofl:

[mike_c]

3. now we're REALLY fucked....

Bush is going to lay his hands directly onto the economy. Very bad news.

[bdamomma]

4. * can eff off.

[mdmc]

5. So are we all getting 300 or 600 bucks?

Stimulate the economy by paying down debt, or buying gas / food.

[Tandalayo_Scheisskopf]

6. Translation:

Sensible Bills == Tax Cuts for the wealthiest 1% and Corporations.

After all, his puddin' head is incapable of only one thought at any time.

On edit: If Dear Leader has an brains/ego ratio that was more manageable, he would accept the fact that he is a lame duck, that his maladministration and party were responsible for this mess and that the best thing to do would be to do little but stand back and let the adults handle it.

Lord knows that poor ol' Hank Paulson is way out of his league, Elaine Chao is just qualifying for a pension and a cushy corporate position after she leaves and the rest are both evil and incompetent, a deadly mix.

[onehandle]

7. Resign. nt

[islandmkl]

8. but energy and food are not included in the consumer price index...

so as bad as the govt. has to admit it looks...

if two of the four areas nimrod is going to address were included in CPI...

things are even WORSE than they portray...

nice raid on the economy, neocons....

at least it worked out well for them....

[CountAllVotes]

27. however, mark my words on this

it WILL trickle down, believe me. The inflation is at the core of the economy right now and soon enough the price of clothing, appliances, etc. etc. will have to go up as well because of the cost to get such items transported from point A to your house is a lot more and the price of making all items will have to increase as well. Much of the inflation we are seeing is a direct result of the price of oil.

Hence, this inflation which will hit all areas of the economy soon and it will be reflected in the CPI whether they like it or not!

This is why no more I-bonds are being sold above $5,000 maximum limit and all of the new regs around them as well as the paltry ~1% base rate. The old I-bonds you could buy up to $30,000 at a time and could cash with a 3 month penalty any time after purchase. Some have base rates at well over 3% (if you are lucky enough to have any of these, I'd say do not sell them, hold as long as you can!).

This right here tells us something. THEY KNEW. :dunce:

[CBHagman]

9. It's going to take more than speechifying.

Only if he personally volunteers to pay my dental bills will I be even slightly moved. Otherwise, he might as well be reciting "Casey at the Bat." Hell, why doesn't he just do that?

[Sonicmedusa]

10. Watch the pendulum and repeat after me...

It's only a slow down, it's only a slow down, it's only a slow down, it's on....

[Tempest]

11. The market is down

Every time Bush talks about the economy, Wall Street goes into a panic.

[hatrack]

12. Shouldn't the verb in question here be "stoke" instead of "address"?

:shrug:

[Cassandra]

21. Toke is more like it.

Oh, sorry, that's a noun, isn't it?

[bdamomma]

13. I just heard on the AP news

that * feels our pain, sure he does, sure he does:sarcasm:
he does not feel shit.

[freefall]

14. Do I detect a cause and effect between these two DU posts?

Millionaires feeling the economic doldrums

&

Bush to address Americans' financial fears (10:30am ET news conference)


Now that his 'base' is being affected our fearless leader is finally starting to notice the state of the economy.

It's on now. I'm trying to force myself to go listen.


Peace,

freefall

Edit: spelling

[TransitJohn]

15. Haha

First thing he mentions is drilling in ANWR. Shitferbrains.

[truthisfreedom]

16. "Send me a bill, stupid Congress! It's your fault for not sending me a bill I can sign!"

"Send me a bill so I can sign a signing statement, now!"

[InkAddict]

17. Hurray, our NPD sociopath in chief is gonna tell us about sacrifice again...

HIS!

His hair is crisp, and black, and long,
His face is like the tan;
His brow is wet with honest sweat,
He earns whate'er he can,
And looks the whole world in the face,
For he owes not any man.

[Turbineguy]

18. I blame Congress too

for not impeaching that low-grade idiot.

[Pharaoh]

19. Yup, Congress is to Blame!

For not impeaching Shit for Brains...........

[brentspeak]

20. "Hi, I'm here to tell you that the mess I helped create is all your fault."

[Orsino]

22. Oh, shit.

Run on the banks tomorrow.

[paparush]

23. "Iceberg? That aint no iceberg. I KNOW icebergs, and that aint one. Full steam ahead"

Bush as Captain of Titanic.

[ckramer]

24. He should send out 600$ check to everyone every month!

Now that I would guarantee an economic recovery!

[earth mom]

25. * wants to help? Hmm. Okay. I'll take a stimulus check x 100.

:evilgrin:

[CountAllVotes]

26. tell me about it SOB *

lucky me just bought LESS than 5 gallons of gasoline for $20.00 and no it was not diesel! Grocery bill today (buying as many things on sale as I could find) was only $145.00!

:argh:

:kick: