Bush said the "Banking system is basically sound."

[Renew Deal]

Basically??? :wtf:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3395937&mesg_id=3396218

[no_hypocrisy]

1. Wasn't that the last thing that Herbert Hoover said before there was a run for the banks?

[Indenturedebtor]

2. What a douche nozzle that guy is.

I didn't know that it was possible to poop out of one's mouth until Bushitler stole the WH. :puke:

[Jim__]

3. And, we know where the wmd are in Iraq.

What's amazing is that there are still people who listen to this idiot.

[Renew Deal]

4. In this case, I almost hope he's lying,.

I hope he meant that Banks are doing well. Crazy statement.

[mia]

5. Fodder for the next New Yorker cover. n/t

[hedgehog]

6. We've heard this song before:

“As never before does the keeping of our economic machine in tune depend upon wise policies in the administrative side of the government.”

—Herbert Hoover, Campaign Address, Elizabethtown, Tennessee

July 27, 1928

“The outlook of the world today is for the greatest era of commercial expansion in history. The rest of the world will become better customers.”

—Herbert Hoover, Speech at San Francisco

November, 1929

“Any lack of confidence in the economic future or the basic strength of business in the United States is foolish.”

—Herbert Hoover

January 21, 1930

“Definite signs that business and industry have turned the corner from the he temporary period of emergency that followed deflation of the speculative market were seen today by President Hoover. The President said the reports to the Cabinet showed that the tide of employment had changed in the right direction.”

—News dispatch from Washington

March 8, 1930

“President Hoover predicted today that the worst effect of the crash upon unemployment will have been passed during the next sixty days.”

—Washington dispatch

May 1, 1930

“While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence and character of the people of the United States—that is, prosperity.”

—Herbert Hoover, Address at annual dinner of the Chamber of Commerce of the United States

October 2, 1930

“During the past year you have carried the credit system of the nation safely through a most difficult crisis. In this success you have demonstrated not alone the soundness of the credit system, but also the capacity of the bankers in emergency.”

—Herbert Hoover, Address before the annual convention of The American Bankers Association, Cleveland

“Economic depression cannot be cured by legislative action or executive pronouncement.”

—Herbert Hoover, Message to Congress


http://historymatters.gmu.edu/d/5063/




I guess we have to excuse Bush. He said today that he's 62 years old and it's hard for people of his age to remember things!

[ColbertWatcher]

7. There wasn't a banner behind him with that on it, was there? n/t

[kentuck]

8. So long as the people agree to bail them out...

They are basically sound.