Anyone watching Bush's announcement right now?
- Thread starter Wendi
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wizardwatson
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He says his plans are big enough to work and they have everything under control
Makes me wonder what those plans are.
Global enslavement?
Dorfsmith
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I must admit that that very thought crossed my mind.
Johnnybags
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He certainly is a high functioning moron
any idiot alive that believes him is a low functioning moron. Sell,sell,sell.
any idiot alive that believes him is a low functioning moron. Sell,sell,sell.
What do you do for a living? Just curious.I can't watch it, I'm at work... please if someone is watching tell us what the idiot is saying now
I wonder if he tells something else to foreigners.
I really don't know why anybody bothers to watch him or listen to him anymore.
Bruno
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He said that he was meeting with the G7, the IMF, and the World Bank this weekend, and that Paulson was meeting with the G20 next week. They will coordinate efforts to calm the world markets. They are talking about taking "bold action." I think we are going to see quite an historic change in the world's economic make-up on Monday of next week.
Why can't the average American see the writing on the wall here? We were witnessing the steps towards a global currency that are happening at an accelerated pace.
Why can't the average American see the writing on the wall here? We were witnessing the steps towards a global currency that are happening at an accelerated pace.
georgiaboy
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Bush said that there were problems, and the Federal Gov't had many tools at their disposal, and they were using them, and we should all feel confident. The problems and tools, roughly, were:
1. Banks & Businesses not having money to meet daily financial needs -- Fed Reserve injecting hundreds of billions of new dollars into the system.
2. People losing homes, foreclosures, due to too much supply, not enough demand -- "Home Now" program in place to get homeowners and lenders to re-negotiate mortgages & keep people in their houses (I hadn't heard about this one before)
3. Small businesses and families not able to get credit to run their daily lives -- $700 Billion bailout money being used to buy assets and securities to get consumer and small business credit flowing.
4. Other nations were also having problems, so Bernanke initiated a coordinated interest rate cut globally, so that banks would be able to get money more cheaply.
There was more, like Bush is meeting with other leaders of nations today to work additional solutions, but this is what stuck to me.
1. Banks & Businesses not having money to meet daily financial needs -- Fed Reserve injecting hundreds of billions of new dollars into the system.
2. People losing homes, foreclosures, due to too much supply, not enough demand -- "Home Now" program in place to get homeowners and lenders to re-negotiate mortgages & keep people in their houses (I hadn't heard about this one before)
3. Small businesses and families not able to get credit to run their daily lives -- $700 Billion bailout money being used to buy assets and securities to get consumer and small business credit flowing.
4. Other nations were also having problems, so Bernanke initiated a coordinated interest rate cut globally, so that banks would be able to get money more cheaply.
There was more, like Bush is meeting with other leaders of nations today to work additional solutions, but this is what stuck to me.
How the heck do they think they can calm the world markets? Do these people think they are gods? Funny money and globalism are the problems. Get rid of funny money and globalism and America will be a much more prosperous and happy place.
Thrashertm
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I can't watch it, I'm at work... please if someone is watching tell us what the idiot is saying now
He said that his (paraphrasing) "crack squad of economic advisors, lead by Hank Paulson, are up to the challenge of handling this crisis".
What a farce!
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