Critics say Bush is out of touch on the economy

[babylonsister]

Critics say Bush is out of touch on the economy

They say the president's comments show he doesn't seem to grasp the gravity of the country's financial turmoil.
By Maura Reynolds and Janet Hook, Los Angeles Times Staff Writers
March 18, 2008


WASHINGTON -- In some ways it was a throwaway line, the kind of praise a boss tosses out casually. But as the economy teetered Monday, President Bush's words to Treasury Secretary Henry M. Paulson struck many as discordant and disengaged.

"I want to thank you, Mr. Secretary, for working over the weekend," Bush said as he met with his economic advisors at the White House. "You've shown the country and the world that the United States is on top of the situation."

Actually, many analysts and critics said, by focusing on Paulson's working hours instead of on the fear gripping Main Street and Wall Street, the president seemed to show just the opposite -- that he has failed to grasp the gravity of the country's economic crisis.

"He has no idea what's going on. Even by his standards, he's wrong," said Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, who said he had been trying to get the president to pay more attention to the economy for more than a year.

Bush's "working over the weekend" line also suggested a comparison to another disaster in which he was accused of acting too slowly: Hurricane Katrina. After the storm, the president was ridiculed for praising FEMA Director Michael D. Brown for doing "a heck of a job" -- even as thousands remained stranded in floodwaters in New Orleans.

more...

http://www.latimes.com/news/printedition/front/la-na-bush18mar18,1,7194363.story

[emanymton]

1. Profound Sense Of The Obvious ...

.

Beyond your entertaining yourself, your point is what?


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Bush lied, people died.
No Amnesty, no pardons no immunity!!
Hold them accountable!

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.

[babylonsister]

4. Don't you have anything better to do than criticize? This is an article

from today's paper that some people might be interested in reading. Don't read it if you don't want to.

[emanymton]

6. Is There Anyone Here Who Does Not Know shrub Is Out Of Touch??

.

Criticize? Maybe one has to take a deep breath.

shrub is beyond hope and taking USA with him. Is it not possible to tell us all something we do not know!

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Bush lied, people died.
No Amnesty, no pardons no immunity!!
Hold them accountable!

-----

.

[seemslikeadream]

11. get a grip

This is GENERAL DISSCUSSION, that means we discuss stuff

[seemslikeadream]

5. What the hell is wrong with you?

[emanymton]

7. Nothing A Good Intelligent Reply Would Not Help.

.

Do you have one?

.

[seemslikeadream]

10. and your reply to the OP was intelligent?

When I see some intelligence from you, maybe

[WilliamPitt]

18. "I truly want to believe we will make it through November '08 and on to January '09 without a coup."

Heh. You first.

:eyes:

[emanymton]

20. Glad To See _We_ Agree

.

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Bush lied, people died.
No Amnesty, no pardons no immunity!!
Hold them accountable!

-----

.

[GCP]

12. Well, I, for one, was interested in the article

And I thank the OP for posting it.As to your attitude, emanymton, it's just indicative of the way this board is deteriorating in common courtesy.

[PA Democrat]

13. Actually, if you read the entire article, it's a great piece on the background

of how we got where we are today. A LOT of people in the Fed and in the Bush administration ignored the warning signals.

I like reading articles like this so that I am armed with facts to deflect the right wing talking points that I know are coming from all my Bushbot relatives over the holiday weekend.

[DCKit]

25. "It's all Bill Clinton's fault...

and our savior, *, had no time to fix all his mistakes before 9/11 happened and he got sidetracked by the Iraqi Terra-ists."

If your family is anything like mine, they're only fun to be around if you actually like to argue with people who've already made up their minds then cast them in concrete.

Have a nice visit!!

:banghead:

[PA Democrat]

26. I expect to hear Clinton blamed as well as the people who took out the loans .

Republicans are big on that whole "personal responsibility" thing although they don't seem to feel that the people who decided to EXTEND those subprime loans bear any responsibility, or the people on Wall Street who purchased huge amounts of mortgage backed securities on margin in a time when many were predicting that the housing market bubble was about to burst.

Carlisle Group as one example purchased $22 BILLION in mortgages for a cash outlay of only $300 MILLION. That means that the remaining $21 plus BILLION was financed. Can you spell stupidity?

[mwb970]

14. I thought it was a good article - thanks to the OP for posting it.

As for "emanymton", I don't understand the point of your post at all. Do you not want people to post articles that you find uninteresting? Is this your discussion board? OK, let's change the rules for DU posting so that all threads must be cleared by "emanymton" before appearing on the site.

Ridiculous.

[emanymton]

22. Why In The World Would You Want To Do That??

.


(...let's change the rules for DU posting so that all threads must be cleared by "emanymton" before appearing on the site.) Can't you make your own decisions as to what you find interesting?


-----

Bush lied, people died.
No Amnesty, no pardons no immunity!!
Hold them accountable!

-----

.

[mwb970]

24. I don't understand what you are saying.

But don't bother clarifying - I'll just put you on Ignore and move on. Thanks and buh-bye.

[WilliamPitt]

17. Wow.

You kinda suck.

Chill.

[emanymton]

21. Only, Kinda? ... Really? ... Wow

.

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Bush lied, people died.
No Amnesty, no pardons no immunity!!
Hold them accountable!

-----

.

[Eagle_Eye]

2. I doubt bush could even spell ' e c o n o m y '

[cornermouse]

3. His point of view: Our economic disasters don't affect him.

Why should he care?

[Supersedeas]

28. oh, but he'll ask how high if his wallstreet buddies say jump

[cornermouse]

30. Yeah.

They're probably the main reason he got in there and the main reason no one has had any interest in impeaching him.

[Lasher]

8. Junior has never understood the economy.

Neither did Poppy or Saint Ronnie.

[malaise]

9. Out of touch on the economy?

To be kind, Bush is simply out of touch!! To be honest, Bush is a fucking lunatic. Everything he touches turns into a clusterfuck!!

[Vinca]

15. The man is a moron. Just when you think life in this country can't

get any worse, the bread lines start to form. But wait, wait, I hear there's an angry black pastor in Chicago.

[babylonsister]

23. The irony. Talk about priorities... nt

[WilliamPitt]

16. Jesus, that headline...is it 1992 again?

http://www.usnews.com/articles/news/politics/2008/01/17/a-damaging-impatience.html

[sendero]

19. Bush is out of touch..

.. on EVERYTHING. Why should the economy be any different?

[bdamomma]

27. He is out of touch period

when will we as a people realize that we are being played by this a$$hole, this country is in deep trouble a deep crisis, and we need to return these neo cons back under their rocks, domestic enemies??? yes they are.

[Lorien]

29. It does indeed sound like his Katrina response

I keep wondering if it's incompetence or "the Shock Doctrine" at work.Do they INTEND to leave the economy on ruins so that the Robber Barons can further consolidate their power and holdings?