Comments on: Bush: Wall Street Has "Hangover"

President Makes Unguarded Comment At Houston Fundraiser; Says Economy Must "Sober Up"

[harpoot]

That alcoholic moron ought to know about hangovers.

[daysrnumbrd]

President Makes Unguarded Comment At Houston Fundraiser; Says Economy Must "Sober Up".
.........


Irony.

[sleepyric]

How eloquent the man is!. He ought to know about hangovers. Why doesn''t he just hide in the whitehouse for 180 more days?? After 8 years of seeing him on the news everyday, yapping about something...we''re all tired of the scene...go away...and please, shut up!

[trishab4]

This Idiot needed the Cameras off in order to say it! What else are you hiding to fellow Americans, Liar935Bush? Why aren''t you saying the Economy is falling, collapsing, result of your aggressive military strategy in the Whole World and Huge Deficitary spending???

Your Repukons Cabal and you will be flushed down the Rock-dancing bar toilet, for at least 8-12 years from government. You were too much! You are our shame! STUBBORN MULE!

[aeasus]

Is it January yet? I get nauseous reading any story with this mans name in it.

[u-r-right]

How nice to hear Laura is house shopping in Dallas. I''ll bet she won''t have to worry about financing the purchase either. It will be another big energy sucker, just like the one in Crawford. Stupid folks livin'' large, eh George? Be sure to thank daddy again for that silver spoon of yours.

[oneworldusa]

Wall Street was drunk and had a hangover....

-Translation. Oil is now coming down and Bush''s own investments in the market are also down, and he''s upset. Awww. He''s finally feeling the pain of his own lack of judgement for 8 years. Waaaaah.

[brianbwb-2009]

Posted by zhangwuji

Your post suggest that you are new to these topics, so I will be nice. Please refrain from posting what is known as "spam", references to other websites that have nothing to do with the subject at hand.

Otherwise you will be reported, and after enough reports, not be allowed to post here under the same name again.

[n8yvn29]

Junior Bush should know something about alcoholism, being a recovering alcoholic (dry alcoholic) himself.

[donnie2700]

If this is the American Dream, I say no thank you. Bring back the Russians..

[donnie2700]

This economy has got no oversight, Mr. President. You''re Reaganomic deregulation stuff is putting lead back in our paints, and pre-union scandals back in our banks. Boss men.. with no accountability to anyone, because they just want to get rich and save up enough money before you leave office and the cops come.

[andor3]

brianbwb, excellent and thoughtful post.

"Not to forget to mention that the recently made poor will not take this passively, at some point civil unrest, and socio-economic instability will begin to destroy any national cohesiveness violence, and the consequent anger will take shape..."

which I believe is the real reason for the "anti-terror" laws. People who are pushed to angry and violent protest against the corporations and elites who have stolen from them, will be labeled terrorists, imprisoned without charges, have their communications monitored... at least that is part of the neocon dream. Hopefully we are stopping them in time.

[abmitus]

If anybody knows what a hangover looks like Bush sure does.

[babooph]

Nixon awoke each day with a hangover-so much better than Bush waking up each day an idiot-most CEO guys chose him to vote for-that explains the massive failure with US corporations,but not their pay packages.

[berkshirerez]

President Bush, in an unguarded moment, said Wall Street "got drunk and now it''''s got a hangover."

Really--you should all stop ganging up on G.W.; afterall that was apparently how *** Cheney explained the current state of the economy to him in his daily ''briefing''.

[alphaa10-2009]

bullyforhim asks, "Why do libs always want more regulation?"
---

After nearly eight years of Bush and a national debt nearly doubled since he took office, an economy reminding us stagflation is alive and well, a dollar which bows in relative worth to other currencies, soaring energy prices but with no rational address from Bush-- as though it just might be a crisis-- you ask, "Why do libs always want more regulation?"?

Here is one answer you will understand, and Lord Acton said it best-- "Absolute power corrupts, and absolute power corrupts absolutely." Bush-era capitalism is not the machine Bush said would produce more wealth for more people-- instead, it is the burden and ruin of millions in the failing American middle class.

(see "Why, Oh, Why?"--2)

[alphaa10-2009]

"Why, Oh, Why?" --2

While CEO salaries and perks have become astronomical, take home wages for the average worker have stayed frozen, despite rising prices. The erosion of the American middle class assets continues under a mountain of personal debt, and for most Americans struggling with increased cost for medical and other necessities, Bushonomics is another empty promise-- yes. a lie-- and no gateway to prosperity, at all.

While Bush subsidizes even Big Oil in a time of obscene oil profits, Bush crony capitalism says, "Consumer be damned!" Because Bush tax breaks to a wealthy few burden the rest of us even further, Bush in effect promotes welfare for industry at our expense.

You ask naively about regulation, ignoring the fact Bush and friends already have made sure everything from mortgage banking to consumer lending benefits those with wealth. This Bush regime of perks and benefits, without a doubt, is a form of regulation, too-- only tilting the playing field to benefit those Bush called his political base, whom he dubbed "The HaveMores".

(see "Why, Oh, Why?"--3)

[alphaa10-2009]

"Why, Oh, Why?" --3

A century after the Gilded Age, we see the same pattern of laws and regulations in America favoring a rich economic class. Yet, even the meanest blue-chip CEO today would insist concentrating wealth and power in the hands of a few is simply un-American. America''s greatest argument with communism, he will tell you, was the open distribution of wealth in this country, the chance for everybody to get ahead.

That CEO also might add an insight-- distribution of wealth is another word for "opportunity". Even more revealing, the same CEO also will admit that wealth, in the overwhelming number of instances, is an escalator to further economic opportunity. That is, wealth promotes wealth and raises capitalism above communism or any other command, centralized economy.

However, by promoting a concentration of wealth in America, Bush forfeits the capitalist argument about common opportunity and benefits. Bush not only drops the ball for Capitalism with a Human Face, but proves his own regulation of the American system favors the same economic tyranny of which he accuses the communists.

[harp1963]

This guy has bankrupted every organization he has ever overseen and America was still dumb enough to reelect him. 20 of the last 28 years of Greedapublicans and we still haven''t figured it out.

[brianbwb-2009]

Posted by bullyforhim

Actually what we are seeing is the logical conclusion to the "trickle down" view of economics, the regressives concentrated the money at the top, money that came from the middle (as the poor have little), but it did not "trickle down" again.

If you are a producer of goods, say autos, for example, and you close the factories, which lays off millions in the auto, and related industries, who is then left who can afford to buy your products? After you then switch your business model, and produce cars that only the rich can afford, what happens when that market is saturated, and they have all the cars they need? Who then do you sell to?

Not to forget to mention that the recently made poor will not take this passively, at some point civil unrest, and socio-economic instability will begin to destroy any national cohesiveness violence, and the consequent anger will take shape along ethnic, religious, economic, and local territorial fault lines. This is precisely what we are now seeing.