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inanna Donating Member (672 posts) Send PM | Profile | Ignore Mon Sep-15-08 10:31 AM
Original message
Bush says economy strong enough to handle turmoil
Source: UK Guardian

WASHINGTON (AP) - President Bush declared Monday that the U.S. economy is healthy enough to withstand "the adjustments that are taking place" in the financial markets.

Bush issued a statement during a joint appearance at the White House with visiting Ghanian President John Kufuor. Bush conceded in his statement that Americans "are concerned about the adjustments that are taking place in our financial markets."


Read more: http://www.guardian.co.uk/world/feedarticle/7799280
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Jim__ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:33 AM
Response to Original message
1. Has bush ever been right about the economy?
:scared:
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Amonester Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:35 AM
Response to Original message
2. The war criminal has spoken. ("go shoppin'")
with what? Ah, yes: credit cards...

Nothin' to see here, as usual...

:grr:
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:35 AM
Response to Original message
3. My, my, my. I wonder if Vegas is taking odds.
<snip>
Monday, September 15, 2008
black monday today?

"...in one of the most dramatic days in wall street’s history, merrill lynch agreed to sell itself to bank of america for roughly $50 billion to avert a deepening financial crisis while another prominent securities firm, lehman brothers, hurtled toward liquidation after it failed to find a buyer, people briefed on the deals said." - nytimes

"...the world will not be a better place with two free-standing investment banks—goldman and morgan —and a half-dozen major commercial banks, if that, running everything. further, there is a risk that the unraveling will become disorderly and out of control from this point, as assets hit the market in fire sales and do not find takers. this will affect pension funds and greatly compound the collapse of the wealth position of the middle class.... the collapse of wall street will hit main street like ike hit houston." - james k. galbraith
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unfrigginreal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:37 AM
Response to Original message
4. Obama needs to tie this to McNutz's statement this morning
"fundamentals of the economy are strong"

More of the Same?
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:37 AM
Response to Original message
5. Here is Wall Street's reaction to Shrub's optimism
Dow Jones Industrial Average
11,175.94 -246.05 / -2.15%

Sep 15 11:33am ET †
Open: 11,416.37
High (day): 11,416.37
Low (day): 11,077.42
YTD%Change: -15.75%
Volume: 112,159,314.00
Prev. Close: 11,421.99

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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:37 AM
Response to Original message
6. "adjustments" ... largest reshaping of finance since the GD is an "adjustment"
Edited on Mon Sep-15-08 10:48 AM by ixion
...

...

:rofl:


whatever, moron. :eyes:

The meltdown of the financial vertical is more than an "adjustment".

Tectonic' Market Shift as Lehman Fails, Merrill Sold

Sept. 15 (Bloomberg) -- In the biggest reshaping of the financial industry since the Great Depression, two of Wall Street's most storied firms, Merrill Lynch & Co. and Lehman Brothers Holdings Inc., headed toward extinction.


http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=abVpg8xJDMWk


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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:41 AM
Response to Original message
7. And people think that 4 more years of this shit would be good?
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apnu Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:41 AM
Response to Original message
8. Shortly after the Simian-in-chief babbles, the Dow takes another plunge
This guy has the reverse Midas touch on the markets. Whenever he goes out and speaks, it turns to shit.
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LeftHander Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:42 AM
Response to Original message
9. Market was regaining losses until 11 EST....
Then his poopy pantness starts unloading dung....down they go.
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Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 11:15 AM
Response to Reply #9
38. It works that way every time this jackass makes a speech about the economy.
The economy is strong. The tax cuts worked. The economy is strong. The tax cuts worked. The economy is strong. The tax cuts worked. The economy is strong. The tax cuts worked.
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Andy Canuck Donating Member (234 posts) Send PM | Profile | Ignore Mon Sep-15-08 10:45 AM
Response to Original message
10. BARF!
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:45 AM
Response to Original message
11. In other words, he's got enough socked away that HE can handle it
and the rest of you hosers are on your own.

Isn't that always the way with that party?

They always channel Herbert Hoover sooner or later.
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:54 AM
Response to Reply #11
12. yeah, they've got that nice little plot in Paraguay
I'm sure that'll be enough to tide them over.
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 01:43 PM
Response to Reply #12
20. Forget that. Paraguay went left
and finally signed an extradition treaty.

Cheney will be taking off to Dubai before the president elect's hand hits the bible, though.
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Diclotican Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 02:43 PM
Response to Reply #20
25. Warpy
Warpy

I do not believe no corner of the world would be safe enough for the current leadership in the US, if the american people wanted them... Not in Paraguay, not in Dubai, no place would be free, to let him, and the cronies of mr Bush en Co be free.... It is similar to the Israeli who finally hunted down Adolf Eichmann in 1960.. It took a long time, but he was finally got to Justice.. And I do believe if mr Cheney was to run for his life, before the next president are been sworn in as President, specially if the man is an Democratic President he would find just temporally freedom in Dubai.. Dubai is little to depended on american soldiers to their own defense to risk everything just to keep mr Cheney free... And I would be if he was to run to Saudi-Arabia, where many sees him as mr Devil himself, even the Royal House of Saud would not dear to let him in.. Cheney and mr Bush would discover soon, that they have few friends after 8 year in the government - as hopefully many others in the criminal syndicate who have been in power for the last 8 year...

Mr Eichmann had at least some support in the government he was hiding in, Peron was an admirer of mr Hitler, and even that he never got to be that extreme as Hitler was, he was in love with so many of the fascism that he after WW2 imported many germans with less than admirable past...

Diclotican

Sorry my bad english, not my native language
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 03:03 PM
Response to Reply #25
26. I agree that it might only be temporary
except that this country has a long history of letting monsters go free.

The trouble we are in now began with the pardon of Nixon and the lack of will to prosecute the other members of his regime. Those men are now guiding this administration.

Will we make the same mistake this time? Sadly, I think it is likely. Our economy is in shambles and the most effort will have to be spent repairing that, not chasing the thieves who created it.

Once the monsters are out of power this country tends to think they're gone forever. We know that isn't the case, but that's what happens.

Your English is fine.

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Diclotican Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 05:03 PM
Response to Reply #26
28. Warpy
Warpy

Not even the pardon of Nixon, and the total lack of prosecute other members of that regime can compares to the criminal activity that THIS regime have been doing lately.. If half of what is been happening is true, it should be more than ample Prof, for even the most picky judge to get them arrested, and tried for their crime..

You know, after ww2 when the allied arrested the criminals of the 3 Reich, or the Nazi-Germany officials it was stated as an principle that regardless of where they was hiding, the principle of Justice would be followed.. And if US was to build trust again in the aye of the world, they have to follow up what the Nuremberg Principle was making for the future.. No where is safe for war criminals... And if US was to be to cowardice (and that is the fact if they are not to arrest, prove their guilt or innocence and put the criminals into custody) to face the Music, it is many others, Specially the International Criminal Cort who would be more than capable to arrest them, and give them the trial they deserve.. Even if it means that US marines was to attack Haag in an attempt to free the poor americans... I have a feeling that the Dutch armed forces would not be that easy to overwhelm, that the iraqis was in 2003.. And that case alone, would be an act of war against the rest of the NATO alliance.. And I for one don't believe that even US want to get to war against their own allies....

Yes your economy are in an horrible shambles.. And i FEAR it can take years, and years to get it up to the same level as pre Bush years.. Ie when Clinton was the President.. Maybe you must go back even longer to get to a level when the US economy are coming up to an better level than they are today... Your economy is in the gutter to speak frankly, and even I who are no good student of economy, can understand that 10 trillion US dollar in debt... Are no good sign for the future.. Not at all.. And all this banks and its like who have been broke lately, the fiat money, the US dollar can be in the danger zone... The US economy are depended of trust. And if that trust are broken.... Then the US dollar would if not collapse all together go true a hell of a ride... Thanks to the US banks who have been broke today, the Norwegian Treasury have lost more than 2 billion KR lately... But thankfully we do have some more money in the bank, and if our minister of Treasury is wise, she would try her best to get the money she could possible get out of US as fast as she can.. And instead get Euro for it.. That is a money worth invest in I guess...

The american public have just started the long tourney to discover what this regime have been managed to do with your country. And when the truth are coming out, it will hurt, big time.. As the germans so painfully discovered after the war.. That their regime was an criminal one, that the regime they had trusted their life and their property to, had lied, swindled, and stealing them blind in the start up to the war, and under the war when millions of germans had been send out to wage a war the german had no possible Chance of survive.. Even on the evening of the war, when Hitler, their Fuhrer had declared that the germans was not fith to survive, because of their lack of "surviving the war" had take his life, and hoped to drag the rest of the country with him..... Even then germans supported his "1000 year reich"... After the war, when the proof was there, all to see. The horrible fact was devastating for the germans.. And this is a lesson they still have to forget.. And it was maybe therefore the germans was so reluacting to get to war with Iraq.. They had learned the hard way what war is. And would on the other hand not provoke their nabour Russia to much to.. Many of that government are old enough to still remember some part of the Russian armed forces.... When they was coming into Berlin in may 1945... And even that the Red Army are not what it once was, it is still a force to respect in my wiew... I for one would rather respect their weapon, than to believe that "we" can attack Russia and survive the war who would follow.. Even NATO 26 member-states are not that powerfully. Not the former Warsaw pact members... And they would get the brunt of the formations of the red army, if it ever is start an shooting war between NATO and Russia..

The american public will in time learn the hard way what this criminal syndicate, who claim to be "Neo-conservative" have destroyed much of what US once was respected as.. The Neo-Conservative are no conservative, but very similar in world view as the nazis once was.. In fact I would claim that the Noe-Conservatives are the 21 century Nazist... Even that they wold tell otherwise, they are in fact that... And we know how hard the ww2 hit europe... Before the spell of nazism was been gone.. And the same I hope would never hit the US... But I fear that if US are not staring to wake up, and prosecute the criminal empire that the Neo-Cons want to build. The same fate would hit the US, as the fate who was hitting the Nazi-Germany in 1945... But this time it would not be the US who was coming out of the ashes as the victor...

US would have to wake up to the fact that the NEO-CONS is a group of criminals.. And for the most part they though is open too.. In many year now they have written books, articles and have been more than willing to tell what they want.. Yes, better cloth, better language than the nazis was using before and under the war.. But in many cases dam close to the nazis in many views.. World Dominating my F*** ASS.. Not even the Roman Empire on their hight had that belive... But then, they do believed that the known world, was their empire.. And that specially in the north it was just barbarians to keep in control now and then... How misguided the romans was... But then they had no Nuclear weapons.... And not the full knowledge of what the world was either... But as the history so plentifully prove.. The roman overstretch itself... And the romans got into the dustbin of history.. I really hope not that is the case in the US.... And i do hope that this time around, the criminals of this administration are been prosecuted, even that the economy are in big troubles, and that the debt are 10.000.000.000 high.. Your fate are on the stake.. So please CLEAN IT UP.. Demand that the next president are doing what they can do, to prosecute the criminals... from the President and down to the "innocent" Neo cons who just happened to write what the administration wanted to do anyway...

Diclotican

Sorry my bad english, not my native language

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 07:28 PM
Response to Reply #28
30. It is my fervent hope that the world does step in
and bring these monsters to justice. There is nothing I would like more than to see them all stand before the World Court for war crimes.
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Diclotican Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 08:30 PM
Response to Reply #30
36. Warpy
Warpy

Then we just have to hope that the ICC would set in motion some prosecuting when this administration is off the power.. I also fear they would get free, but as long as someone in Europe, and the rest of the world have the guts to stand up for what is true and what is fair.. THen it is a great opportunity to that the Administration of mr Bush jr would be facing the war crimes tribunal in Haag... Or if the american public have the stomage to it, that them selfs have the guts to stand up, and demand that the next president and the next administration are making a full disclose of the former Administration, and all the hangling and dangling they have been doing for the last 8 year... And I mean EVERY SINGLE THING they have been doing.. Even what the "dark prince" himself have been using when he was on the toilet.. And with the dark prince, I mean nr Dick Cheney himself... He is the dark lord of the Sith in the current administration... And mr Bush, well he is just a dam clown.. I am not sure who is the Emperor because it is to many to select as that.. But it is very clear, it is not mr Bush, he is to stupid to be the emperor... Someone in the dark, that we today do not know maybe?.... I would guess it is many persons in the current administration, who have been working in the dark, and have played a hard game when it come to what happened between 20 January 2001 and 20 January 2009.... And it is important as hell, to give light to the devil who have been fostered in 8 year in the white house and the other parts of the US goverment... Not before the whole light, and truth about the neo-cons and all their actions have been taking into the light. Then, and just then it is possible for US to stand for what it once was standing for. And be that "light" that we all was growing up to se US as... I would not be harsh if I say that the last 8 year of mischiefs from the current administration have destroyed my sympathy, and respect for US more than every thing else the last 32 year of experience ever had.... I fear US, I am not exactly found of it, but I do fear US as it is today... And I would say if you in US are not doing what is needed, US WOULD GO INTO THE HISTORYBOKs as an text example for everything than can go wrong, when a mighty empire are killing what they once stand for...

Torture, rendition to other nations of prison, an Gulag similarly prison system on foreign soil... Murdering of prisoner who have not been doing america no harm... Abu Girab and other concentration camps... Almost zero respect from their allied and friends.. Who in their right mind would believe that US should be going from a respected member of the world community, to an dis-respected, maybe feared but not loved in just 8 year.... The strain that have been made between US on the other side, and the other members in the NATO alliance is larger than we can believe today... What I fear is that US would snap the line, and maybe even try to threatened the other member alliances to follow suit.. Specially the "new europe" who would benefit most from "friendship" with the US... We, who are part of "the old europe" have less to benefit from been part of military alliance where we are just been given the order, and have no say.... I would guess that the Check republic, and Poland and maybe other parts of what Rumsfeld once claimed to be "the new europe" would soon discover that it is not that easy to get a mighty empire on their head. I fear that this "cozy" love affair many of the former eastern europe have today, can cost them dearly in the future.... Very dearly...

Maybe it is little dark this.. But after all, it is 3:30 in the morning.... And I have the blues.... Just thinking about it, make me feel ill...:puke: And so sad, so horrible sad :cry: :cry:

Diclotican

Sorry my bad english, not my native language..

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AlbertCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:55 AM
Response to Original message
13. Bush forgot to add....
... that Dubai is lovely this time of year!
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trthnd4jstc Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:04 AM
Response to Original message
14. A three paragraph article. Still, I hope the economy is healthy enough.
Edited on Mon Sep-15-08 11:05 AM by trthnd4jstc
Seeing that our president has never lied to us about anything, I guess he is right about this also.
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truthisfreedom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:07 AM
Response to Original message
15. Yep. JUST strong enough to return to a level lower than it was prior to your erection, georgie.
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benld74 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:37 AM
Response to Original message
16. AS LONG AS THE FED KEEPS PROPPING IT UP!!!
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Alcibiades Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 02:32 PM
Response to Reply #16
22. But then who will prop up the Fed?
The Chinese, Japanese, Germans, Canadians and everybody else are not going to do it forever.
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:39 AM
Response to Original message
17. So I guess repukes take vomit as wisdom? LOL nt
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bdamomma Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 12:08 PM
Response to Original message
18. he is delusional
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katty Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 01:28 PM
Response to Original message
19. really, georgie? only 2 Wall St major invest firms left as of today
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Fearless Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 02:27 PM
Response to Original message
21. Oh thank heavens! I was almost worried... Phew... Crisis Averted.
:scared:
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happygoluckytoyou Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 02:33 PM
Response to Original message
23. "hey i didnt say YOUR economy is strong....MINE is strong....you? you're pretty well f'd" Bush/McC
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yellowcanine Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 02:38 PM
Response to Original message
24. McSame agrees. “the fundamentals of our economy are strong.”
McCain said this morning that, despite fears over the "turmoil" on Wall Street, “the fundamentals of our economy are strong.”



And this morning he was hanging out with Jebbie Bush, member of the Lehman Brother's Board. You just can't make up this stuff.
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mbperrin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 04:11 PM
Response to Original message
27. Phhhhhhhhhhhhhhffffffffft!!!!!
:eyes:
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crossroads Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 05:33 PM
Response to Original message
29. Another Mission Accomplished Again? nt
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 07:33 PM
Response to Original message
31. Adjustments my ass!
This is no little blip on the radar, you dumbass! The sucking sound you hear is the bottom falling out of our economy! I got your legacy right here! You are the Depression President! Hoover was an amateur!
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Skittles Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 07:50 PM
Response to Reply #31
32. this is an adjustment to the economy
the way a hanging is an adjustment to the neck
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 07:52 PM
Response to Reply #32
33. Seriously!
Well said.
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someone else Donating Member (34 posts) Send PM | Profile | Ignore Mon Sep-15-08 08:17 PM
Response to Reply #33
34. Sick feeling
I've got this sick feeling that we ain't seen nothing yet.
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 10:59 AM
Response to Reply #34
37. I've been saying this for years...
We've barely seen the tip of the iceberg in the distance.

Think about it... Lehman Bros was 150-years-old... they survived "The Great Depression"... AIG is the 18th largest company IN THE WORLD, and THE LARGEST INSURANCE COMPANY IN THE USA!!!

Sorry for screaming.

And welcome to DU, someone else.
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daleo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 08:26 PM
Response to Original message
35. Economy strong!
Economy smash enemies!
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