Bush suddenly scraps comments on financial markets

[inanna]

Source: AP

WASHINGTON (AP) — With little explanation, President Bush on Tuesday scrapped a statement he planned to give on the tumultuous financial markets, abandoning any press coverage of his meeting with key economic advisers as more developments roiled Wall Street.

As announced by the White House, Bush was scheduled to make comments to a pool of reporters after huddling with a key financial working group led by Treasury Secretary Henry Paulson. Its members include Federal Reserve Chairman Ben Bernanke and other key government figures in the field of commerce.

Yet after the session began, the White House told the press never mind. Spokesman Tony Fratto said only: "We decided it would be best to limit public comment about markets today." He declined to offer any explanation about why limiting Bush comment would be best, or why on this particular day.


Read more: http://ap.google.com/article/ALeqM5gH8vjAe8Yxxfh2Mgi2N-G9cqOD8QD9385J6O0

[Wickerman]

1. Attaboy, George, keep building confidence! n/t

[LisaM]

2. Wow, the news must be even worse than already reported

This doesn't sound good.

[dbt]

10. Ding! Ding! Ding!

No more calls, please. We HAVE a winner!

Bet the whole FARM on things being worse than the Media Borg is telling us. They all work for the corporations who are busy SELLING us shit, don't they?

:evilgrin:

PS: The books have been cooked since Reagan changed the formulae for calculating "Unemployment."

[Roland99]

3. With all the regulations and Federal Reserve Act sections being waived...

It's going to be one MASSIVELY expensive (to the taxpayer) major recession. Even if Obama were to win, he won't be able to enact any new social programs and tax cuts are gonna go bye-bye.

Yes, folks. This one's gonna hurt.

[SIMPLYB1980]

4. I'm actually glad he didn't speak. Opening his mouth would only make things worse.

[inanna]

6. Me too n/t

[sendero]

5. Sounds like even George..

.... believes in the dreaded piehole effect.

[SpiralHawk]

7. "Going AWOL. As usual. Smirk." - Commander AWOL (R)

[Omnibus]

8. Bush later spoke briefly against advice from his handlers.

"Well, you guys sure are screwed now. But don't worry, I'll have my buddies hold things together long enough for me to move to the ranch in Para-goo'-aye. Good luck expeditin' me an' Dick from there, heh heh heh."

[blue sky at night]

9. I don't know about you guys....

But I always go to Bozo the Clown for my Financial Advice and Updates on the Meltdown of the Market, who needs the head asshole.

[Bluebear]

11. Now watch this drive. nt

[unblock]

12. "we decided to keep him quiet because we noticed that whenever he speaks, the markets tank."

and we are desperately trying to ensure that the dow is not lower when he leaves office than when he took office!

[central scrutinizer]

13. all of their trial balloons must have been so bad they had to punt

[hvn_nbr_2]

14. "Bring me my brown pants." (Overheard Bush comment) nt

[paparush]

15. "I call on every billionaire CEO to give till it hurts. Now watch this drive."

[pleah]

16. Gutless little weasel.

Go hide in your little coke cloud there Georgy boy.

[NM Independent]

17. "What, the 'fundamentals' AREN'T strong? We're...

..actually headed for a meltdown like we've never seen? A shitstorm you say if AIG doesn't get HOW much? What do you mean the press will be waiting for me after this?"

thinking...

"Well, fuck that, not even turd blossom could spin me out of this."

- W

[curious one]

18. The news must have been really bad.