BUSH: "I did not want to be a president overseeing a depression greater than the Great Depression"

[kpete]

During his speech to a Chicago group on Friday Bush said this:

When a member of the audience asked why he had signed off on the bailout of major financial institutions, Bush said he took that action after his economic advisors, Henry Paulson, the former treasury secretary, and Ben Bernanke, the current head of the Federal Reserve, urged him to do so.

"I did not want to be a president overseeing a depression greater than the Great Depression," Bush said.

In other words folks, Obama and the Democratic Party didn't just help save us from another Great Depression, they saved us from an even GREATER Great Depression!

And George W Bush along with his Republican Party created a Depression that could have been GREATER than the Great Depression....under THEIR WATCH!

more:
http://www.chicagobreakingnews.com/2010/10/united-states-president-george-bush-chicago-decision-points.html
http://www.dailykos.com/storyonly/2010/10/24/913094/-Bush:-We-could-have-had-a-GREATER-DEPRESSION-than-Great-Depression

[calimary]

1. Too late honey.

You just didn't want to be blamed for it. Sorry - too many of us out there know the truth.

[Fire1]

2. Ditto. n/t

[opihimoimoi]

3. Who believes the Lying sack of shit?...He enabled them banks to legally abscond with billions>>>WTF?

[unblock]

7. i don't think he's lying in this case.

yes, he's a serial liar, but in this instance, i honestly think he's way too stupid about such matters.

paulson and bernanke simply rolled him with the big bad depression fear.

and for the record, i strongly believe there would have been a "depression" if the government had done absolutely nothing. the problem was that there were more options that weren't considered and what they chose to do was not likely the best solution. in fact, what happened under shrub was of dubious value; obama's bailout was far more productive.

[opihimoimoi]

12. Dubya was an EPIC FAIL for 8 years...ruined the GOP in the process...exposed the soft belly. he is a

POS

[unblock]

13. epic fail and pos, i agree completely.

destroyed the gop in the process? sadly, one can only wish it were the case.
two years of refusing to help clean up their mess and they appear to be right back in the mix.

[glitch]

4. Always about him.

HE wanted to be a war president, HE didn't want to be a depression president. He cannot extend himself any farther than him. Pathetic.

[mediaman007]

5. Much to Bush's* regret, the collapse happened 6 months too soon!

They knew it was coming, but were surprised when it occurred in September '08, not March '09.

[Raksha]

17. Absolutely true, and a bunch of us said so at the time.

Re "Much to Bush's* regret, the collapse happened 6 months too soon!"

[OHdem10]

6. He affirms that Obama and Democrats saved us from another

Greater Depression.

This proves the current GOP are not ready for Prime Time.
They would have done nothing. Just let everything fail.

[Taitertots]

8. Then why did he push policies that were certain to cause it

Now he is pretending like he did something good by signing off on the bailout for the depression he caused.

[MadMaddie]

21. Because he had to continue enriching his buddies

they had to get every dime they could. They are all criminals.

[IDemo]

9. Arsonist: I did not want to live in a burning house n/t

[Bitwit1234]

10. No I didn't want to preside over it but I sure as

hell loved the fact that "I" caused it for the next president to handle. And this president is not doing too badly at that. The thing is he doesn't get the credit that Bush did, who did nothing.

[countrydad58]

20. He caused it!

Tax cuts for Millionaires, Funding 2 wars, Sky rocket Energy prices that his Oil buddies profitted from, in my opinion the high cost of energy was what drove the collapse, & still is a factor in stopping recovery!

[fishstickle]

11. OMG! If this had been a democratic president and he said this

under the same circumstances, it would be all you would see on the news for a week (or more).

[kpete]

14. thanks for noticing

exactly what I was thinking when I posted it...
peace, kp

[SammyWinstonJack]

16. Yep!

:argh:

[pipi_k]

15. No, so he just started it and then passed it on to someone else n/t

[Johonny]

18. don't worry it's not too late to have it.

The Republicans are running on policies to send us right back to 2 years ago

[AC_Mem]

19. Sounds like a good sound bite

for a democratic commercial. Bush making these statements, while a car speeds toward the cliff, show how many jobs lost by the time the democrats took over, cut back to Bush talking about a "greater Great Depression". Show McCain stating that the country was stable (when the crisis was hitting).

Then come back to one of the many reports showing that we stabilized. Give facts and charts. Show what we rescued and then show the car at the edge of the cliff and the (insert democrat candidate) getting into the drivers seat and turning the car around and then a close up of them putting it in D and driving back down an American highway.

When the GOP gives us these gems we need to grab them and make a lovely commercial necklace.