Sep
WTF is Bush thinking?
I’ll concede that I haven’t actually watched his “address” to the nation, I’ve just read little blurbs here and there. He’ll say whatever he’s told to say, but let’s look at who’s providing his “information”. Bernanke, who took over from Greenspan, as chief of the Federal Reserve, should have been aware of, and taken measures to prevent the obvious bubble in real estate and credit markets. Neither Greenspan nor Bernanke attempted to slow down what was obviously going to be a huge problem.
Now Bernanke knows how to fix Greenspan’s mess? Not likely.
Paulson came from Goldman Sachs, one of the companies significantly involved in fabricating wealth through derivatives. Now Paulson is going to fix the mess he helped build? Not likely.
George Bush needs to shut his face, he has no clue as to how to minimize the damage that is going to be done to mainstream America. Repeating the cues given by Bernanke and Paulson won’t make it any better, it’s fairly obvious they have a different agenda than preserving the well-being of the American taxpayer.
So, we have the President, the head of the Federal Reserve and the Secretary of the Treasury all saying really, really bad things are coming if you don’t do what we say.
This is one of those points in time where you, as an independent person, need to think about where these people are taking our republic. Yes, banks/institutions can fail and unemployment may rise. That’s part of living in a free society. What happens when the federal government controls/owns the financial institutions/banks? That’s where we’re going kids, it’s time to get off the couch or accept your part/culpability in the transformation of our society.
