Bush Emergency Address to Nation 1 Year Ago
I hope the US news companies all air this speech in its entirety today. If you don’t painfully remember, the basic theme of the speech: give money to me so I can keep the powerful from losing all their money, otherwise we are taking you all down with us. Quotes below, in chronological order, are doozies:
“Most importantly, my administration is working with Congress to address the root cause behind much of the instability in our markets”
“These are not normal circumstances, the market is not functioning properly”
“…irresponsible actions of some, to undermine the financial security of all”
“…the government’s top economic experts warn…America could slip into a financial panic, and a distressing scenario would unfold…”
“[the bailout plan will] remove risks posed by ‘troubled assets'”
“we expect that much, if not all, of the tax dollars we invest, will be paid back”
“Once this crisis is resolved, there will be time to update our financial regulatory structures. Our 21st century global economy remains regulated largely by outdated 20th century laws. Recently we have seen how one company can grow so large, that its failure jeopardizes the entire financial system.”
“democratic capitalism is the best system ever devised” (Did anyone ever get to vote for/against capitalism?!?! If not, how is it democratic exactly?)
“good luck losers, I’m retiring in two months!” (Okay, this last one was added by me)
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