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Bush Says Economy 'Sound' as Inflation Rises To Record Levels

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posted on Jul, 18 2008 @ 10:57 AM
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Bush Says Economy 'Sound' as Inflation Rises To Record Levels


www.infowars.com

With three more financial outlets collapsing under the economical meltdown last week, queues of angry people outside banks with no access to their money, inflation at its highest rate for 27 years and scores of economists predicting a recession may tip into a full blown depression, president Bush reacted by declaring that the economy is still fundamentally sound.

"I think the system basically is sound, I truly do," Bush said. "And I understand there’s a lot of nervousness. . . . But the economy is growing, productivity is high, trade is up, people are working. It’s not as good as we’d like, but . . . to the extent that we find weakness, we’ll move."

(visit the link for the full news article)




posted on Jul, 18 2008 @ 10:57 AM
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I think maybe a hundred years from now, when all of this is behind us, our ancestors will have a good laugh at all of these press conferences of absurdity held by this guy...It is straight out of Alice in Wonderland.

"The economy is growing!"

"People are working...3 jobs to pay for gas and food."

"We're bailing out all the big folks, so the system is sound!"


Bush joked that he had now heard of $4.00 per gallon gas, after he notoriously denied any knowledge of those forecasts in a press briefing in March.

A sound system seemingly encompasses one that has led to 27 year highs for inflation rates. A report released by the Labor Department today revealed that on a 12-month basis the producer price index soared 9.2 percent in June, the largest increase since June 1981.




www.infowars.com
(visit the link for the full news article)



posted on Jul, 18 2008 @ 01:13 PM
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I sure am glad he said that. I was starting to worry a little bit about the economy and my business. I can go home early and rest easy knowing that the slow down in our local economy and the low ballance in my bank account is just my frickin imagination. I am soooo stupid sometimes. I voted for this clown twice. It really is my fault.



posted on Jul, 18 2008 @ 01:24 PM
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Bush:

"It’s not as good as we’d like, but . . . to the extent that we find weakness, we’ll move."

Umm...? To Paraguay?



posted on Jul, 18 2008 @ 01:37 PM
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But the economy IS sound.

IF you're already a multi-millionaire from a family of multi-millionaires who spends all his time networking with other multi-millionaires.

This should come as no surprise, people. Right-wing think-tanks since the fifties poured money into propaganda campaigns to convince whole generations that government is bad and restricts business and individual freedom, so you'd all vote for draft-dodging hacks like Reagan who gutted the regulations protecting the Middle Class. People say liberals promote class warfare--Wrong!! Class warfare has been alive and well for decades. Liberals like me have just been trying to call attention to it, because the Upper Class has been trying to destroy the Middle and Lower Classes for years. And now they're succeeding.

American quality of life is in the toilet and there's probably no going back, because the things that REALLY need to be done to save our economy are too "socialist" for most Americans to deal with.



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