September 22, 2008
Sweet Jesus

Former United States President George W. Bush brings himself up to speed on the collapse of the American economy:

Well, my first instinct wasn’t to lay out a huge government plan. My first instinct was to let the market work until I realized, upon being briefed by the experts, of how significant this problem became.

And so I decided to act and act boldly. It turns out that there’s a lot of interlinks throughout the financial system. The system had grown to a point where a lot of people were dependent upon each other, and that the collapse of one part of the system wouldn’t just affect a part of the financial markets; it would affect the average citizen — and how. Well, it affect their capacity to borrow money to buy a house or to finance a college loan. It affect the ability of a small business to get credit. In other words, the system risk was significant, and it required a significant response, and Congress understands that. And we’ll work to get something done as quickly and as big as possible.



Posted by Jerome Doolittle at September 22, 2008 03:24 PM
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Hank Paulson is the reincarnation of Don Rumsfeld. Stone heart, icy liar, and fossilized intellect must have been the signs by which the flying monks sent by Rove to search the country recognized the nth reincarnation of Henry the K.

Posted by: zeno2vonnegut on September 23, 2008 7:39 PM
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