Today, President Bush gave his
first substantial comments on the current economic crisis, trying to reassure the American public that his administration has a plan to get through it. Toward the conclusion of his speech, he cited the financial crisis in the same breath as terrorist attacks and natural disasters:
We’ve seen that resilience over the past eight years. Since 2001, our economy has faced a recession, the bursting of the dot-com bubble, major corporate scandals, an unprecedented attack on our homeland, a global war on terror, a series of devastating natural disasters. Our economy has weathered every one of these challenges, and still managed to grow.
Watch it:
(
http://thinkprogress.org/">Bush On The EconomyThe current financial crisis is a direct result of Bushonomics and should not be dismissed as just another unanticipated tragedy. As Center for American Progress Senior Fellow Scott Lilly has noted, for the past eight years “we have papered over the fact that American consumers
do not have the purchasing power to sustain economic expansion.” Why? Bush’s policies have
done nothing for the majority of Americans:
more