Bangkoktraveler Posted September 18, 2008 Report Share Posted September 18, 2008 President Bush on Thursday assured Americans that their savings are secure and that the economy will weather Wall Streetâ??s financial crisis. The Dow Jones Industrial Average has fallen by 450 points twice already in a week that began with Lehman Brothers filing for bankruptcy and Merrill Lynch being snatched up. In addition, the insurer American International Group received an $85 billion federal bailout. Bush said in a brief statement that he shared the concerns of Americans, noting that he canceled his travel Thursday to stay in Washington and deal with the situation. â??In recent weeks, the federal government has taken extraordinary measures to address the challenges confronting our financial markets,â? Bush said. â??We've taken control of Fannie Mae and Freddie Mac, the home finance agencies, to help promote market stability and to ensure they can continue to play a role in helping our housing market recover.â? Bush also touted the Federal Reserveâ??s action Wednesday to add liquidity to the financial system. â??These actions are necessary and they're important, and the markets are adjusting to them. Our financial markets continue to deal with serious challenges,â? the president said. â??As our recent actions demonstrate, my administration is focused on meeting these challenges. The American people can be sure we will continue to act to strengthen and stabilize our financial markets and improve investor confidence.â? Link Link to comment Share on other sites More sharing options...
chuckwoww Posted September 18, 2008 Report Share Posted September 18, 2008 You had your chance Dubya. Time to hand the reins to...Moosegirl! Link to comment Share on other sites More sharing options...
Faustian Posted September 18, 2008 Report Share Posted September 18, 2008 Bush has spoken, so that's all right then. It's not like he ever lies... Link to comment Share on other sites More sharing options...
kamui Posted September 18, 2008 Report Share Posted September 18, 2008 Bush, I think I remember his name. Is he still in Washington? Link to comment Share on other sites More sharing options...
rogueyam Posted September 18, 2008 Report Share Posted September 18, 2008 You had your chance Dubya. Time to hand the reins to...Moosegirl! Moosewoman. Get it right. Link to comment Share on other sites More sharing options...
chuckwoww Posted September 18, 2008 Report Share Posted September 18, 2008 Nah....Moosegirl. OMG She's like the most popular girl at Junior High!! And those glasses are like soooo cool! Link to comment Share on other sites More sharing options...
rchapstick Posted September 18, 2008 Report Share Posted September 18, 2008 Well, I'M CONVINCED! All is well. Remain calm. George is in charge. Time to head on down to WalMart to buy some more useless Chinese-made crap ... Link to comment Share on other sites More sharing options...
shygye Posted September 18, 2008 Report Share Posted September 18, 2008 Mission Accomplished Link to comment Share on other sites More sharing options...
kamui Posted September 19, 2008 Report Share Posted September 19, 2008 Bush, I think I remember his name. Is he still in Washington? Is President Bush AWOL? Whereâ??s George? The president, I mean. You remember him. Dubya. No. 43. Won a second term a few years ago. It was in all the papers. But where has he been lately? Where has he been during Americaâ??s worst financial crisis since the Great Depression? Nowhere. AWOL. Every now and then, when the stock market takes yet another sickening plunge, a few words issue forth from the presidential lips. A very few words. Delivered with the greatest reluctance. â??I will continue to closely monitor the situation in our financial markets and consult with my economic advisers,â? President Bush said Thursday in a two-minute address from the Rose Garden. Thatâ??s right, two minutes. Delivered, according to the official White House transcript, from 10:15 a.m. EDT to 10:17 a.m. EDT. Maybe you missed it. Maybe you were at work. Maybe the president doesnâ??t care. Maybe thatâ??s the problem. ... Link to comment Share on other sites More sharing options...
Flashermac Posted September 19, 2008 Report Share Posted September 19, 2008 Vote for Rocky and Bullwinkle! Link to comment Share on other sites More sharing options...
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