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this is one of the worse mistakes he has made in his 8yrs in office.
Originally posted by gemstone
Bush has been the WORST POTUS in my lifetime of 54 years... Why would anyone expect him to say anything intelligent about the current economic meltdown... Think about it, this is the man who is fighting a war against terrorism in the WRONG country at a cost of 12 BILLION per month, and how many killed and injured??!!... I suspect he is currently kicking back a few brews and counting the days until he is out of office... (Not that I have any higher hopes for either of the 2 candidates)... What has happened to this once great country???????
Obama is the largest individual recipient at about $112,000, federal campaign finance reports show.
Link to article.
Bush Cancels Fundraisers
With the financial markets in turmoil, President Bush canceled a planned trip to fundraisers in Alabama and Florida today to consult with his economic advisers in Washington, the AP reports.
"The last few weeks have seen enough Wall Street turmoil and corporate collapses to prompt a blitz of federal interventions under Bush's watch. It is the kind of taxpayer-supported help for the private sector that might seem at odds with Bush's conservative, free-market economic philosophy. But Bush and his economic advisers say the government has stepped in to keep taxpayers from facing the potential of even worse problems."
Originally posted by paradigm619
Not to sound too forgiving (because the last thing Bush deserves or needs to be forgiven), but the economy is unique in that it can be heavily influenced by general perception, regardless of hard, underlying problems. It's a self-fulfilling prophecy. If you tell people the economy is going to crash, people's financial behavior will be a catalyst for that end result. The opposite is also somewhat true.