Cheney says no one saw financial crisis coming

[DogPoundPup]

Source: New Press

WASHINGTON (AP) - Vice President Dick Cheney says that his boss, President George W. Bush, has no need to apologize to the American people for not doing more to head off the financial calamity, saying no one saw the crisis coming.

During an interview Thursday with The Associated Press in his West Wing office, Cheney defended the administration's performance on an economy that is growing weaker daily and which recently collapsed in spectacular fashion. Cheney said that ''nobody anywhere was smart enough to figure it out.''

He said Bush doesn't need to apologize because he has taken ''bold, aggressive action.''

Note; article ends with that.

Read more: http://www.newspress.com/Top/Article/article.jsp?Sectio...

[CatholicEdHead]

1. Bold agressive action to his campaign funders

that is all that matters, unwind the rules as fast as possible, so Mission Accomplished.

[shraby]

2. And they never saw an attack coming using

airplanes and they never imagined the levees breaking at New Orleans yada yada yada.
The only thing they could see was all the non-existent wmd's in Iraq.

[JDPriestly]

68. So they admit that they have/had no vision. What a rudderless bunch.

[Amonester]

69. AND the hundreds of billions of future taxpayers's hard earned...

cash they saw coming... straight into their tax-free offshore bank accounts.

The Home is here, but where is The Brave?

[Mugweed]

3. Just like nobody could imagine flying airplanes into buildings...

despite all the warnings, and drills for such an occurrence, and moving that G8 summit to an aircraft carrier to avoid airplanes being crashed into buildings. Whatever...

[NewJeffCT]

7. and, nobody could have anticipated the levees breaking in New Orleans...

[Incitatus]

43. and nobody could have predicted a resistance in Iraq.

It was supposed to take 6 weeks, paid for by Iraqi oil revenue and we were going to be greeted with flowers and chocolates.

[felinetta]

44. It has always been about a money grab for them from the start. If

they didn't see it coming they are guilty and if they did see it coming and obviously did nothing about it they are guilty. It is a lose/lose situation for them either way. Cheney has such arrogance. They didn't care about America, they had not interest in governing. They just wait for the democrats to clean up and leave a surplus and then they all rush in to take the money. Nice ideology.

[libodem]

4. Yeah, when you are so delusional

you have no effing clue what reality is, and your answer is to stave it off with a $400.00 per tax-payer bribe, and your head is stuck so far up your ass that you have sufficated....OF COURSE...its a complete surprise.

[The Brethren]

5. suuuuuuuuure

they had no idea of the financial crisis ahead of time, any more then they had clear warnings of hurricane Katrina until junior literally went on vacation to go play with his toy guns in Texas. Little King George and Dickie both need to apologize for a whole lot of things, including the financial crisis. They will never change.

[MichiganVote]

6. Cuz' you and Hooverboy did nothing for 8 years to manage the gov't Dipshit?

[specimenfred1984]

8. The traitor belongs in jail after lengthy public trials

Starting with conspiracy to commit war: http://oversight.house.gov/IraqOnTheRecord/

[tularetom]

9. Nobody saw ANYTHING coming

It's hard to see things when your head is up your ass.

[2Design]

10. they were never working and never noticed anything n/t

[ellie]

11. Then the bush

administration is even more incompetent than previously imagined.

[StudsT]

12. check his pockets and make him take off his shoes, too

i don't think i've ever heard him so chatty

StudsT

[Turbineguy]

13. "We had no idea

all our policies would lead to this! Of course we made sure we ignored all the warnings."

[connecticut yankee]

14. He's so full of s**t

[tanyev]

15. Uh...no, lots of people saw it coming.

Just none of the toadies and lackeys in the Bush administration and the Repulican party.

[The Blue Flower]

16. Isn't that what they call malfeasance in office?

They simply did not do the job they were elected to do from day one. All they had was their agenda to conquer and loot.

[Crunchy Frog]

17. "Nobody could have anticipated" The official slogan of the * administration.

[machI]

18. Translation: We just about stole 2 Trillion dollars without anyone seeing us

Bush and Cheney need to go to jail for what they have done

[Myrina]

19. ... if so, they have got to have been the stupidest motherfuckers ever ...

... "nobody saw" airliners-as-weapons-hijack threats, "nobody saw" Iraq didn't really have WMD, and now "nobody saw" the looming financial crisis.

If that isn't grounds right there to never elect another Republican to any office, ever again, I don't know what is.

[UpInArms]

20. no one could have foreseen...

anything but pure crap from this mal-administration

UIA says:

Good-bye
Good-Riddance
and I hope you enjoy your cell at the Hague

[Still Sensible]

21. I mean, who knew?

Who could have predicted that if you allow greedy bastards to invent new ways to make money and you remove the ability of anyone to look over the greedy bastards shoulders, some bad shit's gonna happen?

Got It!

[Earth_First]

22. Anyone who reads the daily Stock Market Watch thread by ozymandius (et al.) here at DU

has been following this for WELL over a year.

[PfcHammer]

23. The dude that Cheney capped didn't see that shotgun

getting up in his grill either.

[goforit]

24. Giving the Banks 700Billion was his biggest mistake, next to 911. Banks ran away

with all OUR cash folks and won't return it anytime soon.

Playing DUMB doesn't cut it Dick...... I'm sure you got your share now in overseas accounts
Oh and by the way...Was Madoff a friend of yours?

[childslibrarian]

25. Must be nice to be a cyborg

That way you don't need to relate to anything...human.

[Fearless]

26. I did!

So he's wrong. Nuff said.

[jwirr]

27. By no one I am assuming he means the *ss administration and it's

multinational corporations. We have been telling them that they are wearing blinders from day one. So NOW he wants us to feel sorry for him?

[davidthegnome]

28. Wow, you know

I ran a red light while driving 40 miles per hour over the speed limit, and can you believe it? I got pulled over. Didn't see that coming at all.

(Sarcasm)

[Scooter24]

29. Tell that to John Paulson and several other individuals

who saw this coming and thus bet against the market and made billions in the process.

Paulson's firm alone went from $12 Billion in assets in June 2007 to $36 Billion in November 2008.

Three very-smart individuals, Paulson, George Soros, and James Simons earned a combined $9.4 Billion last year from shorting several sectors of the economy (mortgage-backed securities and commodities)

[Paula Sims]

30. The rank and file regulators saw it. . .

and when they told they superiors, it basically went nowhere. They knew years ago and it was dismissed. How do I know? Let's say I have "friends" that are rank and file regulators (banking and non-banking) and "they" were all talking about it years ago. Yes, the comparison to 9/11 is true -- "upper echelon" didn't foresee it because THEY had blinders and were told to look in another, 'more pression' direction.

[Adsos Letter]

31. Tell that to the folks over in the Economy forum...

They've been calling it for at least two years.

[bemildred]

32. Cheney dishonestly claims he is dumb as a box of rocks. nt

[Jefferson23]

33. And you will LIE Cheney forever, what else is new.

Arrogant bastard.

[mackerel]

34. ..."Cheney says no one saw financial crisis coming"

Sometimes you just have to laugh! (It's that or cry.)

[lunatica]

35. Jesus! This crowd NEVER sees anything coming!!!

Not the terrorists, not Katrina, not the backlash of the Iraq invasion, not anything! "Who could have imagined..." they wail while pointing fingers at everyone else! while

[jimlup]

36. Exactly the same excuse they had for 9/11

These people are such total clowns. I'm hoping we will survive the next 12 days without another major catastrophy!

[Lorien]

41. and Katrina and the faulty Iraq intelligence. Amazing how those of us

here on DU were so much better informed than the Bush administration, huh? Maybe they should have watched a little Bill Moyers or read Paul Krugman; they've been warning us about it for years!

[slutticus]

37. Byron Dorgan did........ in 1999

http://www.c-spanarchives.org/congress/?q=node%2F77531&...

"This bill will also, in my judgment, raise the likelihood of future massive taxpayer bailouts. It will fuel the consolidation and mergers in the banking and financial services industry at the expense of customers, farm businesses, family farmers, and others, and in some instances I think it inappropriately limits the ability of the banking and thrift institution regulators from monitoring activities between such institutions and their insurance or securities affiliates and subsidiaries raising significant safety and soundness consumer protection concerns."

[blm]

56. And Kerry added focus on expected mortgage and banking crisis issue to 2004 Dem platform.

The corporate media didn't think it was important to discuss or even mention, so I guess Cheney never heard about it.

[mnhtnbb]

38. Cheney is so full of shit. What else is new. There have been numerous

folks predicting an economic collapse in the US for several years.

Cheney could care less. That's what he really meant to say. Bush doesn't need to apologize because
he doesn't give a shit.

[xxqqqzme]

39. Well, if he read something other than the

Washington Times and listened to something other than faux noise, he would have had more than a clue.

(edit: I just realized that I wrote Post not Times).

[Lorien]

42. I think he only reads the Washington Times

and watches Faux noise. They think of the Post as a "liberal" newspaper.

[Gman]

40. OMG... there is no end to the shit that comes out of his mouth

no one saw anything anywhere at anytime at all. Then why the fuck did they even run for the offices to begin with?

[FunMe]

45. NeoCONs ... lying all the way to the end!

Can't wait for that Reincarnated Nazi Cheney gets his heart attack!

[SOS]

46. The short sellers saw it coming

as did NYU professor Roubini, money manager Jeremy Grantham, mutual fund manager Bob Rodriguez, brokerage owner Peter Schiff, William Greider, Michael Lewis, Joseph Stiglitz, the financial editor of the Guardian and....

Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party

http://online.wsj.com/article/SB123086154114948151.html

Plenty of people were warning of the dangers, but they were dismissed as timorous fools.

[poppysgal]

47. Speak to the hand

because the head does not believe you dick-breath

[mikita]

48. HE JUST

MAKES ME WANT TO SCREAM

Oh how I wish I knew how to print that in the largest, grossest font available.....

[GoddessOfGuinness]

49. That's what happens when you walk around with your fucking eyes shut

[muriel_volestrangler]

50. Professor Nuriel Roubini, Gillian Tett of the Finanical Times

Roubini, who began making dire predictions about a U.S. economic collapse back when Americans were still busy flipping condos and doing cash-out refis, has become the oracle of the financial crisis. As early as mid-2006, on his well-read blog and in speeches, he explained why the bursting housing bubble would drive an unusually severe recession. He predicted mortgage defaults would cause financial institutions to fail, and that soaring oil prices, combined with falling home prices, would cause debt-ridden consumers to dramatically cut spending. At the time, most economists were predicting a "soft landing," and even those forecasting a housing downturn didn't foresee its deep impact on the financial system. Today Roubini scoffs at their optimism. "(My view) was so obvious, I don't know how anyone could argue otherwise," he says.

http://www.newsweek.com/id/176339

Another warning voice was that of Gillian Tett, the FT's award-winning capital markets editor. For more than two years Tett, who has a PhD in social anthropology, had pointed to the risks in the sophisticated debt instruments known as credit derivatives. In September 2007, well before before the collapse of Lehman Brothers, Tett identified the heart of the problem. "Although it has been taken as self-evident in recent years that the financial system grows stronger if banks spread their credit risks, some are starting to refine that view... Bankers had become adept at removing credit risk from banks' balance sheets, either by selling the loan directly to outside investors or, more usually, by turning loans into new securities such as bonds and then selling them on the capital markets."

http://www.ft.com/cms/s/0/4fc84eca-cb10-11dd-87d7-00007...

[Kurt Remarque]

51. i guess nancy reagan's astrologer wasn't available

[tblue37]

52. No one could have imagined the terrorists might fly planes into

buildings.

No one could have imagined that the levees in New Orleans wouldn't hold.

No one could have imagined that Obama bin Laden and Al Quaeda were "determined to strike within the United States."

No one could have imagined that Saddam didn't have WMDs.

No one could have imagined that the Iraq War would turn into a quagmire that would cost gsums of money and many US and Iraqi deaths.

Except, of course, that all those things were said over and over again by the people who are still considered to be "left-wing whackos," while all those people who couldn't have imagined such things are still the ones who are given unlimited airtime to spew their nonsense, while those who got everything right are still completely marginalized by the "serious" people in Washington and in the media.

[nightrain]

53. that's just f---ing bs. I knew it at least a year ago. Cheney is such a fraud.

[McCamy Taylor]

54. Bullshit. Go read my posts at Salon from several years ago. I am not even an economist.

[lenegal]

55. They were so totally inept. But they were also so totally corrupt

They knew it was coming. This economic depression was coming. They were just to busy burying the evidence of all the horrific misdeeds during the Antichrists #1 and #2 time in office.

[musette_sf]

57. full article here:

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/0...

[Canuckistanian]

58. No one saw Cheney coming

And that's worse.

We can have debates over whether Shrub was the worst president ever.

But there can be no doubt that Cheney was the

worst Vice President EVER

in the entire history of the United States of America.

[BootinUp]

59. No one could have predicted it!~

sounds familiar...I know I heard something like this before. hmmmmmm

[Dappleganger]

60. Fuck George Bush and the Mayflower he sailed on.

[Cha]

61. Yeah, like they didn't see 9/11 coming

'cause they were either asleep at the wheel or they didn't give a rat's fuck.

[bdamomma]

75. the second part of comment is more like it.

[TXDemGal]

62. Translation: "We just got away with the biggest robbery in the history

of the United States. See ya, suckas!!!"

[llmart]

63. So NOW he comes out of his hidey hole......

where the friggen coward has been lying low for the better part of the past few years. I thought we were under an orange alert? Shouldn't he be afraid? No, because these bastards took advantage of the disaster of 9/11 and that alone earns them a place in hell. I can't wait until these clowns are never heard from again.

[sendero]

64. I think he meant...

.... no DUMBASSES saw it coming. Plenty of folks right here on DU saw, not to mention several notable economists.

[midnight]

65. That's because this financial crisis was planned, and carried

out without any transparency.

[buckrogers1965]

66. Really? Nobody?

Oh right, only the "nutjobs" were warning everyone about this for years before it happened.

[Lithos]

67. *cough*bull$hit*cough*

n/t

[No Elephants]

70. Bushco is scum on slime, BUT where the hell was Congress, Pub or Dem? Worrying about

some woman's right to die, if they were Pub and steroids in baseball if they were Dem. Taxpayers deserve better. How do we get it?

[Danascot]

71. Cheney's a dick n/t

[ryanmuegge]

72. Give me a break. Anybody with a passing interest in the economy saw it coming.

The same people also know that it's no accident. This was engineered.

[robinlynne]

73. Did Condi teach him how to say that?

[bdamomma]

74. I thought he would reply to us with his "So what" answer.

I can't stand how arrogant this man is, I really hope he chokes on his own bile.

This man's comments or spewing in the last couple of weeks should have landed in prison, such disrespect for the American people. I really hope he chokes on all that arrogance.

[redqueen]

76. Is everything he says a lie?

It's disgusting that our sorry excuse for a free press let them get away with this.

[Uncle Joe]

77. This reminds me of the Nova program from the other night re: Jason and the Argonauts,

after being captured by the one-eyed giant Cyclops.

The Cyclops asks Jason his name, and Jason replies with the Greek version of the word "nobody."

After getting the Cyclops drunk on wine, causing him to fall asleep, Jason and his crew use a spear to stab the Cyclops in the eye. The Cyclops wakes up screaming. The other giants alarmed by the commotion yell out, who is attacking you? and the Cyclops answers "Nobody!"

Jason and his men proceed to escape.

This is the Cheney/Bush answer to all that has plagued their corrupt, incompetent, maladministration, no one has been in charge, so no one can be held accountable.

[opihimoimoi]

78. ZERO Credibility...Zero Respect...why bother listening to his LIES? FUCK HIM TOO

[Cass]

79. Oh, please. These people have been busy looting the Treasury since they were

they were installed in 2000; the bailout of the banking industry was their last heist. They knew damn well what they were doing.

This is one hell of a flaming example of the complete and utter failure of republican economic policies. We had 8 years of their economic policies and, as a result, are on the brink of financial ruin clearly illustrating their trickle down approach is a bunch of bull.

[htuttle]

80. It's hard to see things coming when you suffer from an Ingrown Head...

[dflprincess]

81. It's been coming since Reagan was president

But at least this comment of Cheney's is true "nobody was smart enough.."

[GinaMaria]

82. kinda reminds me of when we got a new puppy

My mother had a rule, if you see a dog mess, clean it up. We all suddenly went blind. Never saw a thing, so we never picked up poo.

[rocktivity]

83. Candidate tor this year's "You Call This NEWS?" award

Since when do Rethugs forsee ANYTHING they don't want to be held responsible for?


rocknation