Bush sees temporary hit to economy from storm

[sabra]

http://www.alertnet.org/thenews/newsdesk/N01475612.htm

Bush sees temporary hit to economy from storm

WASHINGTON, Sept 1 (Reuters) - Hurricane Katrina will represent a temporary setback for the U.S. economy and the energy sector, President George W. Bush said after he met on Thursday with his economic team and Federal Reserve Chairman Alan Greenspan.

"In our judgment, we view this storm as a temporary disruption that is being addressed by the government and by the private sector," Bush told reporters.

Bush acknowledged, however, "it's going to be hard to get gasoline to some markets."

He also called on Americans to conserve energy, telling them: "Don't buy gas if you don't need it."

[frylock]

1. you can't anything past this guy..

pure genius.

[DrZeeLit]

2. Yeah, right. Temporary. Mmmm, do you really think gas prices will

decrease after this?

Once they know consumers will pay, they've got us and they won't be changing those numbers any time soon.

Yesterday afternoon gas in VT was $2.53 at its highest in my city (I drive by several stations on my route to/from work).

This morning = $3.00.

My thoughts... mmmm.... gouging? I mean... they didn't pay a higher price for what's in those tanks under the pumps, did they? Magicall everyone got gas deliveries last night?

I can't believe people would do this to their neighbors. But then, I'm hopelessly naive when it comes to the depths human nature can sink.

Oi.

[Verve]

3. In WI yesterday the low for unleaded was $2.99.

I'm sure today it's much higher.

[VegasWolf]

4. This news isn't going to help brain at the polls. nt

[More Than A Feeling]

5. Heaven and Earth sees Bush has no idea what he is talking about

Losing a major city that is also an important seaport is not "temporary"

[KansDem]

6. You know, this guy's not even on the radar screen...

You read about the people who need help and the people trying to give help; you read about the people who are living a nightmare that could end in death at any moment, and this twerp chimes in with these platitudes? If he were there, I'm sure those people trying to render aid would just say, "Shut up, George, and get the hell out of the way..."

This moron is a nonentity.

[displacedtexan]

7. Raise your hand if you new they'd blame Katrina!

As if the economy was just peachy before this tragedy!

[NeoConsSuck]

11. Exactly.

This hit on the economy has been going on since this turd took office.

[Vox_Reason]

8. 2% Q4 GDP

Stellar.

What a disaster.

Has ANYTHING good happened to America since 2000?

ANYTHING?

[Imagevision]

9. At a point in time in life the government sells its own people out

Renegade administration from the president on down.

http://downingstreetmemo.com/

[VegasWolf]

10. Bush can't "see" his hand in front of his ugly face. nt

[Zenlitened]

12. Economy sees long-term hit from failed Bush policies.

For sheer incompetence, this administration has 'em all beat.

[daleo]

13. Bush - "We have lost one city, but we have several more"

"This is just a small temporary setback".

[fob]

28. That made me come *this* close to shooting boogers out of my nose!

"We have lost one city, but we have several more"

bush*, the master of disaster.

[Lisa]

36. ".... but I just saved some money on my car insurance ..."

How long before he utters something like that?

[VegasWolf]

14. Bush is thinking that , "Poor black people don't consume that much

anyway!"

[vernon_nackulus]

15. Technically Ice Ages are temporary, they don't last forever

n/t

[Triana]

16. Who the HELL ever 'buys gas if they don't need it'?

:wtf:

[Lisa]

37. naw, we just get some extra for the kids to play with!

Cheaper than Play-Doh. And it does make the dog's coat nice and shiny!

(sigh)

[susu369]

17. bu$h* met Greenspan over lunch

you just wonder if they even thought about those suffering without food for DAYS. Don't have to wonder if MONEY was on their minds.

Yes: I get more cynical every day.

[VegasWolf]

19. Bush tells waiter to send unused dinner roll to New Orleans. nt

[MasonJar]

18. Always the economy never the people.

[Skittles]

20. I am hoping bush is temporary setback, a temporary disruption

it sure is a long one though

[shantipriya]

21. *ush

Does this idiot know what he is talking about?

[orpupilofnature57]

22. I swear, "temporary Distraction" from possibly the Mos inept man that..

has ever managed Our country, Economically, socially, and as far as Democracy!!

[Up2Late]

23. "Don't buy gas if you don't need it." I see he thinks we don't understand

basic economics either.

Economics 101: In a time of inflation, buy as much as you can. It WILL be more expensive the next time you buy it. (If it is a time of inflation)

In times of Deflation, buy as little as possible, it will cost less next time. (during deflation).

[Up2Late]

26. kick n/t

:kick:

[ticapnews]

24. Just another reminder:

We no longer live in a society.
We are an economy.

We are no longer citizens.
We are consumers.

[Gilmore]

25. what?

Conserve Gas? I mean really people have to get around in this society! Bush needed to come back sooner than two days before his precious vacation ended. This is crazy.

[fob]

27. I hope you won't mind if I bypass economics advice from our first "MBA"

"president" who most famously said, "I know it's a budget, it's got lots of numbers in it".

"Don't buy gas if you don't need it" - Anyone here buy gas just for shits and giggles?

:wtf: is wrong with this fucknozzle*?

[spiderpig]

29. Um...George...?

Bite me.

Have a nice day, jerk.

[belle]

30. He's spoiled, idiotic, permanently wetbrained from booze, and evil?

And just purely doesn't give a flying fuck.

Other than that, he's a great guy...

[brentspeak]

31. Three years from now, he'll still be blaming the storm

and citing 9/11 as a bit of backup, while Karl will suggest also throwing Clinton in there for good measure.

[RaleighNCDUer]

32. Starting with the price of gas killing Labor Day weekend.

For thousands of resorts, Labor Day is the last hurrah of the money making season. Losing it will severely damage their annual intake. Money that they need to prep for the off season, do off season maintenance, getting ready for next summer, is not going to happen. The supplies they would have bought, won't be. Tens of thousands laid off earlier than expected.

And that's just one sector of the economy.

[Up2Late]

34. I DID cancel my plans for Labor Day, not going to take that 5 hour drive

to Destin, Florida. Not with $3.00 to $5.00 per gallon Gas, No Way.

[pursuivant]

33. Like a "temporary" hit by a bus

My guess is that it will take months for the nation to recover from the disruptions caused by the damage to the Gulf coast. It will take years for the areas actually hit by the storm to recover - if they come back at all.

[antonialee839]

35. Wow! Does the jackass read palms too?