Avoid Overcorrecting Economy, Bush Warns

[flashl]

Source: Washington Post

WASHINGTON -- President Bush on Saturday said the government must guard against going too far in trying to fix the troubled economy, cautioning that "one of the worst things you can do is overcorrect." Democrats said Bush was relying on inaction to solve the problem.

Bush, in his weekly radio address, said the recently passed program of tax rebates for families and businesses should begin to lift the economy in the second quarter of the year and have an even stronger impact in the third quarter. But he urged caution about doing more, particularly about the crisis in the housing market where prices are tumbling and home foreclosures have soared to an all-time high.

"If we were to pursue some of the sweeping government solutions that we hear about in Washington, we would make a complicated problem even worse _ and end up hurting far more homeowners than we help," the president said.

...

"In the long run, we can be confident that our economy will continue to grow, but in the short run, it is clear that growth has slowed," Bush said. He was spending the weekend at the Camp David presidential retreat in Maryland's Catoctin Mountains after delivering a speech in New York about the economy and helping raise $1.4 million for the national Republican Party.

Washington Post

Read more: http://www.washingtonpost.com/wp-dyn/content/article/2008/03/15/AR2008031501113.html

[nashville_brook]

1. Shockingly, Bush recommends INACTION.

[RUMMYisFROSTED]

4. Lol.

[Hugin]

2. Hardly a problem ATPT... Dub. n/t

[glowing]

3. seriously.. wtf does the man think we are going to do with 1200.00.

Hide it under our matress for a rainy day.. buy groceries or plant a garden.. its bogus and everyone knows it.. even people who aren't "political" said what a fucking fraud.. 42mil to tell us what we are going to get, and the pkg is less than that... just send the fucking money dipshits.. its ours anyway.

[Capn Sunshine]

21. The worst part of the plan

It's an advance payment on your 2008 tax refund. Next year when you file, you'll get even LESS back than currently, or maybe owe money. Right when the economy is REALLY in the toilet.

Cool, huh?

[ellie]

28. I asked my tax guy about

this and he said it wasn't an advance on next year's refund.

[Capn Sunshine]

31. Your tax guy is mistaken

That's how it was done last time as well.

[truthisfreedom]

5. Actually, one of the worst things you can do, mr bush, is pretend you're president.

And you've already done that, you fraud, and look at the mess you've put us in with your childish deregulation.

[Th1onein]

6. He's such a fucking idiot.

I am SO sick of Little Lord Pissypants talking about shit as if he knows anything. Why doesn't he just say, "Hey America! Fuck you!"?

[maseman]

8. Yeah no joke

I love how he parades out there and acts like some sort of fucking economics professor. He doesn't know the difference between GDP, GPA, GOP or a GPS.

[H8fascistcons]

9. I Think

he has been saying that for over seven years now but Americans apparently liked the message because they reelected him in 04. Charles Manson should have been able to get more votes than this criminal Fascist...

[RC]

12. It was Election Fraud via voting machine that got bu$h in both times.

[Demeter]

36. As Well As Ignorant, Insane and Psychopathic

[AKing]

7. Same strategy the chimp used in Iraq.......

Do nothing until it's too late.

[Gman]

10. Just keep devaluing the dollar, just keep trading oil in dollars

just keep printing money to prop up Bear Stearns.

The Republics have finally done it. They have completely destroyed the world economy. And, in order to keep looting the treasury, they now print more money. No small wonder why they quit publishing information on the money supply (M1?). They want to keep printing money to suck even more money out of the government so that when the dollar does start going back up, they will have even more. It's the theft that keeps on stealing.

[dipsydoodle]

13. Thought it was M3

Anyone know for sure ?

[corporatemedia]

22. It is............. .......... ............ .......... .............M3

From Wiki:



From SGS:



http://www.shadowstats.com/alternate_data

[yorkiemommie1]

11. Bush at Harvard

http://dir.salon.com/story/news/feature/2004/09/16/tsurumi/

From his Econ Prof at Harvard:


" I don't remember all the students in detail unless I'm prompted by something," Tsurumi said in a telephone interview Wednesday. "But I always remember two types of students. One is the very excellent student, the type as a professor you feel honored to be working with. Someone with strong social values, compassion and intellect -- the very rare person you never forget. And then you remember students like George Bush, those who are totally the opposite." ...
..."In 1973, as the oil and energy crisis raged, Tsurumi led a discussion on whether government should assist retirees and other people on fixed incomes with heating costs. Bush, he recalled, "made this ridiculous statement and when I asked him to explain, he said, 'The government doesn't have to help poor people -- because they are lazy.' "...
.."Bush once sneered at Tsurumi for showing the film "The Grapes of Wrath," based on John Steinbeck's novel of the Depression. "We were in a discussion of the New Deal, and he called Franklin Roosevelt's policies 'socialism.' He denounced labor unions, the Securities and Exchange Commission, Medicare, Social Security, you name it. He denounced the civil rights movement as socialism. To him, socialism and communism were the same thing. And when challenged to explain his prejudice, he could not defend his argument, either ideologically, polemically or academically." ...


The jerk is genetically arrogant!

[Hugin]

14. Great back story, yorkiemommie1.

This would explain the current state of things. If Dimson thinks those things, I'm sure all around him
-MUST- agree.

[yorkiemommie1]

17. Smirked then, Smirks now

..'Many of Tsurumi's students came from well-connected or wealthy families, but good manners prevented them from boasting about it, the professor said. But Bush seemed unabashed about the connections that had brought him to Harvard. "The other children of the rich and famous were at least well bred to the point of realizing universal values and standards of behavior," Tsurumi said. But Bush sometimes came late to class and often sat in the back row of the theater-like classroom, wearing a bomber jacket from the Texas Air National Guard and spitting chewing tobacco into a cup. ..."

http://dir.salon.com/story/news/feature/2004/09/16/tsurumi/index1.html


Unspeakably bad behavior! His parents did a WONderful job on their spawn!

:puke:

[bronxiteforever]

26. The whole beast laid bear for all the world-excellent

[liberal N proud]

33. That is almost ironic since he is creating that very situation now

.."Bush once sneered at Tsurumi for showing the film "The Grapes of Wrath,"

I guess he saw the movie and thought that it should be how poor people should live.

What a fucking ass.

[gtar100]

15. That's a typical argument from someone who doesn't want to do anything

As far as I can tell, the last thing Bush wants to do is help homeowners. But he uses that to justify himself? Typical republican bs.

[susu369]

16. Complete bonkers - what images does this bring?

"As we take decisive action, we will keep this in mind: When you are steering a car in a rough patch, one of the worst things you can do is overcorrect," the president said.

"That often results in losing control and can end up with the car in a ditch," Bush said. "Steering through a rough patch requires a steady hand on the wheel and your eyes up on the horizon. And that's exactly what we're going to do."

=====
All wrong:
bu$h is going to steer this crisis into the ditch....and that's exactly what he's going to do.

[scarface2004]

18. here eat some cake!! bush sneered!

he is a pathetic p o S!!!!!

[Myrina]

19. Yes for Goddess' sake PLEASE don't help any poor people!

That's just not at all what Bush Co's Amerika is about!
Every millionaire for himself! It's MY money, you can't have any!
Eat the poor! etc etc.

Bastard. There's a special place in hell for him and his cronies. :mad:

[Rob H.]

20. It'll all magically work itself out just like Iraq, right, George?

He's always been a fucking moron, but now he's clock-watching fucking moron, expecting his successor to somehow transform the fruits of his colossal ineptitude into something not quite so horrible.

"He was spending the weekend at the Camp David presidential retreat in Maryland's Catoctin Mountains...."

Y'mean he's taking some "me" time? I'm shocked. Really.:sarcasm:

[postulater]

23. What the hell does he know about the economy?

He's the one who crashed it.

[Fenris]

24. He made a hilarious comment about driving and the economy.

He said the economy right now is like a rough patch on a road, that if you try too much to correct your course you end up in the ditch. The truth is that we're already in the ditch, and his policy is to pretend that we're not and keep driving in the ditch until we crash into a culvert.

[corporatemedia]

25. For bush, the economy is not exciting and ROMANTIC enough. n/t

[GreenPartyVoter]

27. He really is a piece of

work, isn't he?

[llmart]

30. No.....

he's a piece of shit. Let's tell it like it is.

[fshrink]

29. Can't wait

for January and be rid of this fascinating mixture of idiot and asshole. And of its incredibly stupid comments on strictly everything. Our country hasn't said a sensate or half-intelligent thing in 8 fucking years!

[HuffleClaw]

32. his pretending he has even the teensiest understanding of this is hilarious n/t

and its even funnier imagining the people trying to explain it to him.

[cliss]

34. No one needs to worry that Bush will

"overcorrect". He's going to do nothing.

I just read a speech which The Old Boy gave to some economic forum earlier in the week. He was "preaching to the Choir". Bush said that he's not going to do anything about the foreclosure situation.

[Xenotime]

35. * should just add the economy to the axis of evil list.

[gatlingforme]

37. why do people even listen to this asswipe, I am sick of his face, I

wish he would just go away. JC I hate him sooooooooooooooooooooooooooo much

[xxqqqzme]

38. When you earn an MBA, is a thesis required as in

other master programs? I'd love to know what his was about........... and who wrote it and how much it cost.

[villager]

39. Look at FDR's "overreaction" during the Depression, after all!

I mean, we wouldn't that kind of thing happening again, would we?

[nwliberalkiwi]

40. Responsibility

This is the responsibilty of the policies of the Retugs!!!