Bush says 'I'm sorry' economic crisis is occurring (kind of blames Clinton for it)

[sabra]

Source: IHT/AP

WASHINGTON: President George W. Bush expressed regret Monday that the global financial crisis has cost jobs and shrinking retirement accounts and said he will support more government intervention if needed to ease the recession.

"I'm sorry it's happening, of course," Bush said in a wide-ranging interview with ABC's "World News," which was airing Monday. "Obviously I don't like the idea of people losing jobs, or being worried about their 401(k)s. On the other hand, the American people got to know that we will safeguard the system. I mean, we're in. And if we need to be in more, we will."

...

As he leaves office, Bush said he felt responsible for the economic downturn because it is occurring on his watch, but he added: "I think when the history of this period is written, people will realize a lot of the decisions that were made on Wall Street took place over a decade or so" before he became president.

He said he would like to see "instant liquidity" in the markets given the extent of the financial rescue plan, yet he understands that fear has paralyzed the markets. "Slowly but surely the system is becoming unthawed, and it's going to take time for the system to become unthawed," he said. "What the American people have got to know is we've taken the steps to unthaw it, which is the first step to recovery."

"It is hard for the average citizen to understand how frozen the system became and how over-leveraged the system became," he said. "And so what we're watching is the de-leveraging of our financial markets, which is obviously affecting the growth of the economy."

Read more: http://www.iht.com/articles/ap/2008/12/01/america/NA-US-Bush-Interview.php

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:crazy:

[Captain Hilts]

1. That's pitiful. He's had eight years and, this....nt

[FriendlyReminder]

9. Hey, I'm a noob here but....

I am soooooo glad he will be gone soon.

I just found this site and look forward to "conversing"....

[zbdent]

16. Welcome aboard!

:hi:

[FriendlyReminder]

18. Thanks! Glad to be here!!!!

[Mira]

19. elcome ! Hang around you'll like it here.

[FriendlyReminder]

33. Thanks! It will be fun!

[liberalmuse]

2. I've never seen anyone so delusional in my life.

Is it the mass quantities of liquor and blow, or did Barbara drop him on his head about 100 times?

[tanyev]

5. That may not be an either/or answer.

[ksimons]

7. all of the above

and more

[rfranklin]

20. Remember, they create their own reality...and we can only watch

in awe.

[Beausoleil]

3. Unthaw? n/t

[sabra]

4. yeah, the spell checker didn't like that one :-)

[ArrowMan]

12. Doesn't "unthaw" mean to freeze?

[onehandle]

6. "over a decade or so before he became president" I agree.

Reagan and your dad were terrible for our economy.

[VeraAgnes]

8. Oh for Chrissake!

What a drunken bastard *bush is......

[northernlights]

10. oh my freakin lord

first the war wasn't his fault, it was faulty intelligence and other people.

now the economic crash isn't his fault, after 8 years at the helm.

Whatsa matta, *? Not happy with the * legacy?

Bad news, *. Losers don't get to rewrite their history.

[natrat]

11. wow that guy is like a pathological loser

[FriendlyReminder]

13. It must be HEREDITARY

[Politicalboi]

14. Heck of a job

Brownie. How about finding the 2.3 Trillion that was misplaced on 09/10/01???? That had nothing to do with Wall Street. How about telling us where the WMD's are? That had nothing to do with Wall Street. How about finding out who played the market a week before 9/11? That had something to do with Wall Street. Oh forget it, EVERYTHING is Bill Clinton's fault. :sarcasm:

[davefromqueens]

15. Conservative blame Game

1. When economy does great under Democrats it is because of ronald Reagan.

2. When economy does poorly under Republicans, it is fault of

A) clinton B) Carter C) LBJ D) FDR. (you just pick one depending on the time of day.

Of course Sean Hannity has added a new twist for you can blame future presidents for current economic woes. Didn't you know, this is the "Obama Recession."

Next thing conservatives will tell you is that 9/11 happened on 9/11/99 while clinton was president.

[katty]

17. o pleeeeezzze! go back to crawford already!

[santamargarita]

21. You goddamn shitbag!

Get the fuck out!

[LaPera]

22. "Over a decade before he took office" would be his own Pappy (Bush) & Reagan before him!

[orleans]

23. FUCK HIM. FUCK THAT ASSWIPE. FUCK HIM ALL TO HELL! n/t

[rateyes]

24. He wants to "UNTHAW" it? What a friggin dumbass.

He wants to RE-FREEZE the Credit Market???????


He's dumber than a box of rocks.

[Tansy_Gold]

27. Please apologize to all boxes of rocks for that insult

I have boxes of rocks in my workshop and any one of them is much smarter than boooooosh. Not a single one has every mispronounced "nuclear." None has ever mangled its syntax or botched its grammar. No agate or jasper, no obsidian nodule or book of mica has ever told a lie to start a war. None has signed executive orders abolishing habeas corpus or authorizing domestic spying. They have not insulted women or minorities.

While I cannot speak for all boxes of rocks, I can at least attest that all of mine are MUCH more intelligent than booooosh.



Tansy Gold, rock-hound

[rateyes]

32. Mea Culpa

to the rock boxes.

[Tansy_Gold]

34. ;-)

:hi:

[benld74]

25. How long did it take him to memorize this statement,,,?

"It is hard for the average citizen to understand how frozen the system became and how over-leveraged the system became," he said. "And so what we're watching is the de-leveraging of our financial markets, which is obviously affecting the growth of the economy."

[Botany]

26. bush is spending $600,000 a minute in borrowed money for his Iraq war

... and yet he talks about the "de-leveraging of our financial markets?"

He really is a fucktard

[sofa king]

28. Why, I do believe that's good old "compassionate conservatism" at work.

As eventually explained by someone--perhaps Condoleeza Rice somewhere around 2003--it turned out that "compassionate conservatism" meant "sucks to be you."

Bush is "sorry" that such a thing happened to the schmucks. But he's not sorry that he made that thing happen, that he ignored the warnings, that he bailed out his pals while letting said schmuck worry about his 401K--which his pals have probably already stolen anyway.

Nope. He's "sorry" that such a thing could happen without feeling a shred of responsibility or remorse.

You're the worst President in our nation's history, George W. Bush, and I hope there's a Hell so I can watch you burn in it.

[The Wizard]

29. Increase his meds

Shock treatments? Confinement in a padded cell? WHoooo boy, what a fucking nut.

[LynnTheDem]

30. Then why didn't you FIX those 10 years ago decisions, George. You had EIGHT YEARS.

The party of responsibility. :eyes:

[Zhade]

31. Well, some of it IS clinton's fault. But b*s* took it to a whole new level.

NT!

[sarcasmo]

35. Again, I say, Get that JUNKIE out of my life.

[Jamastiene]

36. I wish I could just make up words any time I damn well please,

rob everybody blind, stay fucked up beyond all recognition, fuck up everything I touch, never have to pay for any of my wrongs, and ALWAYS blame some guy's dick for everything I fuck up...AND GET BY WITH IT.

I simply cannot WAIT until that mother fucker leaves the WH. Enough is enough. Can't they stuff a sock in his mouth and get Homeland Security to send over an ample supply of duck tape to hold the damn sock in until he is no longer anywhere near a microphone or reporter? I could live the rest of my entire life without ever hearing another stupid pile of pabulum puke bullshit emanate from that sawed off, half cocked, irresponsible, lying, war mongering, homophobic, thieving fucking imbecile.

This has been the LONGEST 8 years of my entire life and I lived through Raygun and shithead's daddy. That was a long fucking 12 years, but these last 8 years have been like 80 years. Hell! I'll be dead soon. Is that asshole ever going to pack his fucking bags and GO? Oh, good grief, when will the nightmare ever fucking end?

[Suji to Seoul]

37. It's all the Clenis, right, Chimpy? GO FUCK YOURSELF!!!!