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View Full Version : Bush to appear on TV to talk about bailout



Wheres the beef?
09-24-2008, 04:18 PM
Booga Booga! Don't look at the legislation! Just pass it! Bad things are gonna happen if you don't! Booga Booga!

Hannahrain
09-24-2008, 05:07 PM
Look at his eyes. He's terrified.

boarderwoozel3
09-24-2008, 05:24 PM
Damn, I missed this. What was the jist it?

Hannahrain
09-24-2008, 05:25 PM
He's asking people not to jump ship, mostly financially but also just in general. It was more of a plea than an address.

boarderwoozel3
09-24-2008, 05:27 PM
I see, so something along the lines of: please keep your money in the system so the government doesn't have to replace it. Wonderful.

chairmenmeow47
09-24-2008, 05:27 PM
Look at his eyes. He's terrified.

his eyes always freak me out.

and COST OF EXCESSES INDEED, MR. PRESIDENT!!!!

Hannahrain
09-24-2008, 05:28 PM
I see, so something along the lines of please keep your money in the system so the government doesn't have to replace it. Wonderful.

More along the lines of, "please keep your money in the system, because your money is the system."

boarderwoozel3
09-24-2008, 05:28 PM
What channel was it on? Wait dumb question, probably all of them.

gaypalmsprings
09-24-2008, 05:30 PM
Bush is my homeboy. Write him a blank check.

boarderwoozel3
09-24-2008, 05:34 PM
More along the lines of, "please keep your money in the system, because your money is the system."

Makes sense.

I'm throughly enjoying Sean Hannity and Fox News trying to spin this. The republican pundit he has on isn't even taking the bait to rip Obama or the Dems.

Hannahrain
09-24-2008, 05:39 PM
Bill Clinton's on Larry King, endorsing Obama but also saying friendly things about McCain and Palin. You know, in case they're watching. He doesn't want to offend anyone to the point where they'll no longer sleep with him.

boarderwoozel3
09-24-2008, 05:59 PM
Bill Clinton's on Larry King, endorsing Obama but also saying friendly things about McCain and Palin. You know, in case they're watching. He doesn't want to offend anyone to the point where they'll no longer sleep with him.

I caught the first part of Larry King and Bill's interview with John Stewart last night on the daily show.

As much as I like Bill hindsight is 20/20. Saying seven years ago we should have invested in clean energy instead of the housing market isn't so profound in Sept. 2008.

boarderwoozel3
09-24-2008, 06:00 PM
W looked like he didn't fully understand what he was reading from the teleprompter. Had the confused look going. I really hope he knew what he was talking about. I'm getting tired of being embarrassed and ashamed by my country's president.

Hannahrain
09-24-2008, 06:38 PM
I disagree, actually. I think that's probably the most genuine speech I've seen him give. It was short and to the point. No fluff, and no mention of 9/11 or attempt to gain favor, just a plea. And he knew how to pronounce all the words. At this point, I feel bad for him more than anything. He's no criminal mastermind. He's just another person with lousy politics doing a job he's not qualified for. I feel like if you got him alone in a room and asked him about what he's voted for or endorsed during his presidency, he wouldn't have much to tell you without crib notes.



Also, Bay Buchanan reminds me of Paula Poundstone.

boarderwoozel3
09-24-2008, 07:50 PM
Well, after actually watching the whole speech (not just the new blurbs), you're totally right miss palindrome. #43 had the concerened eye brows with a hint of "oh shit" in his eyes. I did appreciate that he gave a no nonsense speech and addressed the issue at hand point by point: 1. We're in a lot of trouble. 2. This how we got in this position. 3. This is what it means to you, the citizen. 4. This is what I'm proposing to get us out of said trouble. 5. This how the plan will work, short and long term. I'm actually pretty pleased with how that went on the whole, I think its the candidness and honesty. Just not used to such novelties from this administration.

The only part that irks me is the mention of his asking McCain and Obama to return to Washington to meet with him. Of course they're both coming for the meeting but that felt like an unnecessary, politicized comment. It helps set the tone that both should be in Washington to see this crisis through even though at this point both are arriving to the party late and aren't directly involved with the committee who is working on the buyout proposal.

TomAz
09-24-2008, 07:56 PM
I'm in washington for a conference. While I'm here I think I'll stop by the white house and ask W to pay my mortgage, too.

I missed the speech but here's the thing. I don't care how sincere or scared or whatever he is. He sold us this panic schtick on Iraq and now he's trying to sell us this other thing with more panic schtick and I don't know why we should believe him.

boarderwoozel3
09-24-2008, 08:06 PM
I'm in washington for a conference. While I'm here I think I'll stop by the white house and ask W to pay my mortgage, too.

I missed the speech but here's the thing. I don't care how sincere or scared or whatever he is. He sold us this panic schtick on Iraq and now he's trying to sell us this other thing with more panic schtick and I don't know why we should believe him.

Its true, the fucker looked us in the eyes (albeit though a tv camera) and knowingly lied to us on a number of occasions, along with manipulating a national tragedy for public approval.

But this seems pretty serious. I just don't know enough about economics to decide whether this is a bailout for the uber-rich or what our economy really needs to bounce back. The government buying and then holding onto $700 billion in assets until the economy rights itself and said assets are worth something around their "normal" value does seem awful risky. If the economy continues to tank after this buyout then we're double-secret probation fucked!

Either way you should totally ask him to chip in on the 'ole house payment

faxman75
09-24-2008, 08:08 PM
I'm watching the replay right now. It sounds like he's in a wind tunnel what the fuck kinda mic set up does our president have?

faxman75
09-24-2008, 08:09 PM
He looks like he's trying to say "hey guys, i'm almost out of here, I know this looks bad, but i'm serious this time, It's not my fuck up, later"

PassiveTheory
09-24-2008, 08:39 PM
I hate to break it to you people, but W ain't addressing us folk with our iPods, 401K plans and "intranet"; he's addressing the simple and poor, the rich and old, the people who have real faith in our government, and they're still in the majority (of people who actually vote, at least). Honestly I couldn't give two shits about what the guy has to say, and it doesn't surprise me in the least that his treasury secretary has enacted dictatorial powers concerning the situation. We're just purely and honestly fucked.

Young blood
09-24-2008, 08:54 PM
*insert tomazs pic of the sky falling*

Hannahrain
09-24-2008, 09:09 PM
I missed the speech but here's the thing. I don't care how sincere or scared or whatever he is. He sold us this panic schtick on Iraq and now he's trying to sell us this other thing with more panic schtick and I don't know why we should believe him.

This isn't the same as Iraq, Tom. He's not trying to rally us or garner jingoism, he's trying to get us not to lose it. It's not a panic schtick, it's a don't panic schtick.

If you put it on mute, it looks an awful lot like a resignation.

TomAz
09-25-2008, 03:07 AM
I think it's a panic schtick wrapped up in the clothes of a don't panic schtick. he's asked congress to pass a $700billion bill that wasn't even being considered last week. that sounds like panic to me.

also, damn, 7 am comes early on the east coast. damn.

arbouler
09-25-2008, 04:18 AM
This isn't the same as Iraq, Tom. He's not trying to rally us or garner jingoism, he's trying to get us not to lose it. It's not a panic schtick, it's a don't panic schtick.

If you put it on mute, it looks an awful lot like a resignation.

urging congress to pass a 3-page bill worth 700 billion dollars as soon as possible is a panic schtick.

when congress asked why not pay 150 billion dollars for the next 3 months and see what happens from there, paulson and bernanke had no believable answer.

this is starting to sound like an irrational, rushed, no-exit plan.

yea this is the same as iraq.

Quadromarshia
09-25-2008, 05:33 AM
I like how Lou Dobbs was like "they need to stop selling us a society of fear". Clinton sounded good on the Daily Show the other night. You'd think that with a $700 billion economic plan (with various pundits saying it could end up being from $200 billion up to 1 trillion) that they could at least hook us up with healthcare and take care of our mortgages (forclosure would cost the economy much more than taking care of them). If there going to throw this socialist play, shouldn't they give us the socialist perks? Did you see the original stipulations for the bill? They want us to give an unelected official $700 billion dollars, without oversight, and without the ability of any govt organization to tell them what to do with it; giving the Sec of the Treasury more power than the President?

As an aside, I remember Ron Paul saying he was talking with Warren Buffet, and Warren doesn't even know what's going on or what to do.

Young blood
09-25-2008, 06:16 AM
Im still of the belief that this bailout is a big shiny turd wrapped in clever packaging. It buys time for and inflated sense of safety. This could have been prevented months ago, people saw it coming but these huge im guessing top 20+ investors in the market have plans to slowly back out the room at the cost of the american public. They wanted this to happen to get even richer. Removing the uptick rule will cause the bears to take over then raid and control companies. Its basic blackmail/corporate welfare. Its using the Iraq tactic on amercian companies and holding them hostage to get favors or deals done. I still think that there is much bigger panic in the market to come by the end of OCT. These investors are trying to control the "change"

chairmenmeow47
09-25-2008, 06:57 AM
buffet put money into goldman sachs, that's what he is doing.

and this is a fear schtick. whether or not he's right to be this much of a scare monger is moot at this point. since last year they've been telling us they had this under control when they obviously didn't. this administration has also abused the "just act now, think later" plea. and unfortunately the suspicion of the american people is the ultimate price here. we simply cannot trust our government.

sending the president on TV during a financial crisis to speak up about what's going on is a good idea; however sending a president that like 90% of americans hate at this point is almost like asking us to do the exact opposite of whatever he says. i feel like we're just riding this out until the election.

and FUCK POSTPONING THE DEBATES over all this. the president's job certainly doesn't stop over a crisis, so why should the campaign? maybe if mccain had shown up to vote BEFORE campaign season, he'd have a better idea of how to handle his job and campaigning at the same time.

Young blood
09-25-2008, 07:10 AM
Buffet is slick as fuck. Like Clinton said he got a hell of a deal. As soon as the government pumps your money into that pony guess who gets second dibs on assets when it goes under in a few weeks. If they dont go under Goldman sachs/Buffett will make a killing in overdraft fees.

faxman75
09-25-2008, 07:17 AM
Do McCain and Bush understand that it's not the job of the Obama and McCain to literally write the bill, in fact they are really only needed to vote yay or nay on it.

Young blood
09-25-2008, 07:19 AM
FACE TIME!!!

It makes old people feel all warm and fuzzy inside about their decisions.

SFChrissy
09-25-2008, 07:23 AM
Keep your money invested so the federal reserve can bail out the fucktards on wall street and only charge them 2% while the americans' money who saved their assess to begin with get stuck with 7% interest rates!!!