It seemed like every time President George W. Bush stepped before the cameras during last fall's stock market meltdown, the Dow tumbled.
It's a good thing the public couldn't see what was going on behind the scenes at the White House, according to an insider's account.
Bush is pictured as a desperate, bumbling lame duck with little grasp of the economic turmoil around him in the tell-all book by ex-speechwriter Matt Latimer in "Speech-Less: Tales of a White House Survivor."
Hours before Bush was to give a speech last September outlining the administration's $700 billion plan to buy up troubled mortgages, for instance, Latimer writes that Bush clearly didn't understand his own plan.
"We're buying low and selling high," Latimer quotes Bush as saying over and over in an excerpt posted yesterday on GQ's men.style.com Web site.
"The problem was that his proposal didn't work like that," Latimer noted.
25. It wasn't Dubya's job to understand economics. It was the job of all those "economics guys"
hanging around the White House.
Bush did his job and did it well. He managed to initiate the transfer of over TEN TRILLION DOLLARS into the pockets of the wealthiest people on the planet, and at the expense of the American taxpayers.
That was what his handlers wanted and they got what they wanted.
Anyone who thinks he was an economic failure doesn't understand what the goals were in the first place.
26. Paul O'Neill said pretty much the same thing in his book
The Price of Loyalty.
He said Bush never asked a single question when he briefed him, that he was "incurious". O'Neill was convinced that Bush never bothered to read any of the briefings prepared for him. O'Neill said that Bush stifled expression of any viewpoints or facts that interfered with his agenda, whether it was to cut taxes or go to war with Iraq.
Ignorance can be dangerous, willful ignorance even more so.
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