Wednesday, September 24, 2008

Bush address on the financial crisis: These are not normal circumstances

Bush spoke, robotically, to the nation.

WHAT OVER THE PAST FEW WEEKS MANY AMERICANS HAVE FELT: “Over the past few weeks many Americans have felt anxieties about their finances and their future.” John McCain, for example, is worried about his future; everyone else is worried about their finances. (That semi colon was in celebration of National Punctuation Day).

A LOOOONG PERIOD, NOT MY FAULT AT ALL: “Well, most economists agree that the problems we are witnessing today developed over a long period of time.”

HE WAS FOR IRRESPONSIBLE ACTION BEFORE HE WAS AGAINST IT: “I faced a choice: To step in with dramatic government action, or to stand back and allow the irresponsible actions of some to undermine the financial security of all.”

NOT NORMAL CIRCUMSTANCES? YOU’RE PLANNING TO GRAB BILLIONS FROM THE TAXPAYERS AND GIVE THEM TO YOUR RICH FRIENDS. SOUNDS LIKE NORMAL CIRCUMSTANCES TO ME. “I’m a strong believer in free enterprise. So my natural instinct is to oppose government intervention. I believe companies that make bad decisions should be allowed to go out of business. Under normal circumstances, I would have followed this course. But these are not normal circumstances. The market is not functioning properly. There’s been a widespread loss of confidence.” I wonder why....

THE GOVERNMENT HAS PATIENCE, SEE? SO PASS MY BILL NOW! NOW! NOW! NOOOOOWWWWWW!!!! “The government is the one institution with the patience and resources to buy these assets at their current low prices and hold them until markets return to normal.”

MORE FINANCIAL BUBBLES FOR EVERYONE! “As they do, they must ensure that efforts to regulate Wall Street do not end up hampering our economy’s ability to grow.”

SO THAT’S OKAY THEN: “Despite corrections in the marketplace and instances of abuse, democratic capitalism is the best system ever devised.”

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