Bush’s former Treasury Secretary: ‘I don’t think Bush understands’ the financial crisis.
By on Sep 25th, 2008 at 5:11 pm
Bush’s former Treasury Secretary: ‘I don’t think Bush understands’ the financial crisis.
Former Treasury Secretary Paul O’Neill said President Bush is “in a panic” over the financial crisis and isn’t well-equipped to deal with it. “I don’t think he understands or knows much about any of this and it shows,” O’Neill told ABC News. In his 2004 book, The Price of Loyalty, O’Neill revealed that Dick Cheney argued in a White House meeting that “deficits don’t matter.” O’Neill also said that he was disturbed that Bush was so disengaged on domestic issues.
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I’m shocked, SHOCKED I say!!
September 25th, 2008 at 5:13 pmOH, it shows alright. His usual bravado and bluster are real shaky. He reads from scripts like a third grader, with zero comprehension of the babble that emanates.
September 25th, 2008 at 5:15 pmNo, not really….
I think that Bush is the least curious of any President. If it doesn’t pertain directly to what he sees as the world, it doesn’t matter to him.
September 25th, 2008 at 5:16 pmWe told ya so…..the rats are bailing by the barrel full now.
September 25th, 2008 at 5:16 pmIt’s simple: Wall Street wants to drink our milkshake….
or, for the lolcats: “I can haz baliowt?
…wil pay bak…onist!
September 25th, 2008 at 5:17 pmLatest Newsweek has Paulson’s background…he and bush met for an hour and Paulson took the job. Paulson and bush communicate but Paulson puts it together…good way to escape the blame if it doesn’t work. My question, why wasn’t limits set on CEO salaries from the get go ? Rather hard to punish your lunch friends maybe ?
September 25th, 2008 at 5:18 pmI was waiting for my wife yesterday and while sitting in the car I turned on right wing hate radio just to see what was up.
It cracked me up. I was so surpised to hear that 3 out of every 4 callers were bashing mccain and the guy kept hanging up on them while they were still talking. I loved it.
I may start listening to it more often just to hear thier pain.
September 25th, 2008 at 5:19 pmNo kidding.
He didn’t even know what he was saying in that speech last night — all he did was rehearse it.
September 25th, 2008 at 5:22 pmFormer…’nuff said; sour grapes anyone?…
September 25th, 2008 at 5:22 pmThe idiot NEVER HAS AND NEVER WILL understand the chaos he has tricked this country into!
September 25th, 2008 at 5:23 pmNot only does Bush not understand the financial crisis he does not understand that he has nearly destroyed America in just 7 years.
September 25th, 2008 at 5:23 pmThat’s it, JT — can’t dispute the message, so smear the messenger. Your mentor KKKarl has taught you well.
Back on topic, I don’t think any sentence that starts out with “I don’t think Bush understands…” is really going out on a limb. You could pretty much fill in the blank with anything and have a good shot at being right.
It’s like saying “I really like _______ flavor ice cream.”
September 25th, 2008 at 5:25 pmJT Says:
Former…’nuff said; sour grapes anyone?…
September 25th, 2008 at 5:22 pm
Oh look, ANOTHER huge crisis on your president’s watch. Ya got nothin’.
Next you’ll be saying you’re an independent….
September 25th, 2008 at 5:25 pmFormer…’nuff said
Yes, as in “not on board during the crash”, and has valuable insight for those smart enough to see the writing on the wall.
We got it.
September 25th, 2008 at 5:25 pmAw, aint that cute. jt takes up for shrub.
September 25th, 2008 at 5:25 pm“Bush was so disengaged on domestic issues.”
What exactly has he been engaged in this whole time? I’m currently holding my nose while reading Woodward’s new book and am pretty amazed at how little he ultimately participated in with anything to do with Iraq.
Just what the hell does he do? Did he take so much vacation so that he could actually go do something? WTF!?!
September 25th, 2008 at 5:26 pmsour grapes? I thought it was a desire to spend more time with family.
September 25th, 2008 at 5:26 pmJT, you can’t possibly be being anything else but sarcastic, correct?
JT Says:
——————————————————————————–
Former…’nuff said; sour grapes anyone?…
September 25th, 2008 at 5:22 pm
O’Neill resigned ; he wasn’t fired ……..
September 25th, 2008 at 5:27 pmWe really need to stop calling it a crisis and call it what it is, a fleecing.
September 25th, 2008 at 5:27 pmHe doesn’t understand, he doesn’t try to understand, he has not the capacity to understand. He understands things at a base level of self interest.
Intangibles escape him. Broader perspectives are not seen.
As for the people in the nation over which he presides, he has no compassion, no understanding of their lives, and worse, he doesn’t want to know or care.
This is not new. Some of this was apparent before he was
September 25th, 2008 at 5:28 pm(s)elected, but only after he became “comfortable” in the White House were we able to see just how incapable he is as president and world leader.
Didn’t Spitzer see this coming and speak out?
September 25th, 2008 at 5:28 pm“sour grapes anyone?…”
How many bbl of wine would this make it, now? Must be just a coincidence… keep telling yourself that.
September 25th, 2008 at 5:28 pmIt has taken 8 years for bush supporters to see he hasn’t a clue on running a government and really doesn’t want to know. Just delegate to anyone but don’t bother me, I am working out. Boy, bush had better sell the ranch and move to Paraguay, today.
September 25th, 2008 at 5:28 pmYes, Spitzer started complaining a year ago and suddenly his personal life became public. Also the Governor of Georgia fought against deregulation for his state and they said they would ban all loans to his state if he didn’t accept the deregulation policies on Fannie and Freddie. Guess who was CEO at Freddie, Rick Davis, advisor to mccain.
September 25th, 2008 at 5:31 pm“Didn’t Spitzer see this coming and speak out?”
I’m not convinced that taking away resources from investigating terrorists to “catch” Spitzer happened without ulterior motives. I wish some journalists would look into it, if they haven’t been.
September 25th, 2008 at 5:32 pmYou know I wish I felt better about being right about bush, Iraq, oil rather than Iraq freedom, bush dragging the U.S.A. into the mud, but I just feel sick at what this man and his V.P. have done to our beautiful, proud country.
September 25th, 2008 at 5:32 pmBush clearly doesn’t understand much about the economy other than that every time he ran a company into the ground daddy’s friends propped him up. His response to this crisis makes sense in that context. Not sure about Bush being “in a panic”. That implies he is somewhat sober which seems unlikely.
September 25th, 2008 at 5:34 pmThough Sen. John McCain says the nation’s current financial crisis requires “all hands on deck” because “the whole future of the American economy is in danger,” he admitted in an interview in Cleveland on Tuesday that he hadn’t even read the Bush administration’s proposed rescue plan that was unveiled over the weekend.
September 25th, 2008 at 5:34 pmIf it all comes out what has been done by this administration it will look like the JFK and Bobby Kennedy murders were child’s play. This is a quote from John Dean of the Nixon era.
September 25th, 2008 at 5:35 pmNext he’ll prolly freak out and invoke martial law. Then cancel the election. You know sometimes the prezient has to do some deciderin’ ;)
September 25th, 2008 at 5:35 pmI don’t think Harry Reid understands what this is all about.
He said:
Oh, yeah, this is all for American families.
September 25th, 2008 at 5:36 pmThe Goldman family.
The Sachs family.
The Morgan family.
The Lehman family.
etc.
I have heard some minor rumbles that some are beginning to rethink the Spitzer events in light of current events. Has anyone else heard anything like that?
September 25th, 2008 at 5:37 pmI understand but you wouldn’t let your children drive without training would you? It wouldn’t be safe for them or other drivers. Someone has to be the adult.
September 25th, 2008 at 5:38 pmDeer in the headlights during that speech last night.
9/11 crisis: Invade Afghanistan
WMD crisis: Invade Iraq
Social Security crisis: Privatize Social Security
Wall Street crisis: $1 Trillion dollar taxpayer bailout.
Does anyone else see a pattern here?
September 25th, 2008 at 5:43 pm#Marie Says:
Though Sen. John McCain says the nation’s current financial crisis requires “all hands on deck” because “the whole future of the American economy is in danger,” he admitted in an interview in Cleveland on Tuesday that he hadn’t even read the Bush administration’s proposed rescue plan that was unveiled over the weekend.
All three pages of it. If McBush can’t read and understand three pages, then what the hell is he doing running for President?
September 25th, 2008 at 5:43 pmI forgot one.
Gasoline prices crisis: Offshore drilling.
September 25th, 2008 at 5:45 pmI dont think Bush understands RAIN.
September 25th, 2008 at 5:45 pmHee, hee.
September 25th, 2008 at 5:48 pmFred – It was very apparent that bush was not a child at all. Yet, voters were too lazy to study this person to see that what he said was different than what he did. To understand it was all about looking good politically.
September 25th, 2008 at 5:50 pmDid you hear Maliki was told “for domestic politics” America would not remove troops until after 2011 at least.
So, I wonder how the voters feel now, that put this piece of work in office. My voice along with many others screamed NO, and nobody would listen.
JT Says:
——————————————————————————–
Hee, hee.
September 25th, 2008 at 5:48 pm
Dropped your drawers and looked down again , didn’t ya’ ?
September 25th, 2008 at 5:55 pmWell, duh….the only clue Bush has is where the Liquor cabinet is.
September 25th, 2008 at 5:58 pmFolks, lets understand WHY chimpy was selected by Cheney to be president: It is precisely that he is an idiot, an underachiever who probably would be so caught up in being king, that Cheney and his friends could rip off the country and re-claim the Nixionian executive over-reach Cheney wanted. It is that simple. Someone smarter than Bush would have figured out Cheney’s plan and gotten in the way. Anyone dumber than Bush couldn’t find his way out of a phone booth, and consequently couldn’t get elected. Cheney had to find just the right idiot, and you know what? Mission Accomplished.
September 25th, 2008 at 6:01 pm#32
and let’s not forget the rothschild family, in which one member is on team with shillary hitlery. and it’s for:
j.p. morgan family
rockefeller family
dupont family
murdoch family
fannie and freddie family
and the biggest culprits…..ZIONISTS
September 25th, 2008 at 6:03 pmWhat’s up? Did JT finally sprout a pube?
September 25th, 2008 at 6:04 pmchimpy was elected because the ZIONIST mission could be accomplished without any ramifications. as the american folks sit back with there bon bons thinking their government is soooooo friendly, sooooo nice and the would do nothing but goooood things. ignorance is what will be voting at the booths on 4 nov and that is scary.
September 25th, 2008 at 6:06 pmLatest Newsweek has Paulson’s background…he and bush met for an hour and Paulson took the job. Paulson and bush communicate but Paulson puts it together…good way to escape the blame if it doesn’t work. My question, why wasn’t limits set on CEO salaries from the get go ? Rather hard to punish your lunch friends maybe ?
paulson: former ceo for goldman sachs.
that would mean regulation and that would limit the ceo’s to further the zionist mission under the n.w.o.(new world order). folks this is real simple….banks do not have money. they gamble on YOUR money. the federal reserve which is not federal with no reserves prints money and puts it in the hands of the international bankers(which owns the federal reserve bank)and decides who will get rich and who will get poor. look at your paper money…it says federal reserve note. that piece of died green paper is worth shit.
September 25th, 2008 at 6:17 pmHeh. Got understatement…?
September 25th, 2008 at 6:17 pmsocialism, dictatorship, imperialism, zionism, naziism and that is your purple mountains, sea to shining sea, free america.
what a joke.
September 25th, 2008 at 6:22 pmI agree with Paul O’Neill, I don’t Dubya or McSame understand what is going on.
September 25th, 2008 at 6:23 pmRepublican Congress and Senate members are feeling the heat from their constituents this week over corporate bail out and the new sneaky way of taxing Americans by corporations.
September 25th, 2008 at 6:25 pmThe sell of Conservatism is getting harder these days,and these backers of Bush soon they will have no place to hide.
Bush knows that in few months he will not be around to answer any questions no matter how big the problem is,but for these Congress and Senate members, they will be the ones to answer questions for sometime to come about their votes and their deeds.
No ‘family values’ sell will wash out their support vote for this huge corporate bail out schemes.
But folks, he’s our first president with a MBA, doesn’t that count for anything?
September 25th, 2008 at 6:47 pmwith this $7oo billion..you mean a trillion.. bushes debt in 8 years will be $11.4 trillion.
September 25th, 2008 at 7:10 pmAdd this one to the long list of issues that are beyond the intellectual grasp of the Dear (mis)Leader.
September 25th, 2008 at 7:15 pmA few weeks ago, the President clings on this lie that the economy is fine and the fundamentals our strong. AND now, Bush gives a speech saying that we must act now because our economy is a disaster. Which is it? Why should we buy into this?
Grandpie McSane didn’t even read Paulson’s plan until Tuesday and even admitted he didn’t take time to read it. He supported deregulation for his whole career and now is trying to take credit for this bailout.
September 25th, 2008 at 7:26 pmGet this Keating 5 clown out of here.
yea, but see, i’m more inclined to think that maybe he DOES understand …
just found this, where i left off earlier today, at the ‘palin: health care’ thread -
pluege Says:
“Ultimately, what the bailout does is help those who are concerned about the health care reform… “ -sp
BINGO!!!! (even if a Freudian slip). Porkbarrel palin tells the truth. The “bailout” is to so strap the Government and Americans that Healthcare reform can not be enacted. Its the republicans parting “gift” to make sure Americans do not have the resources for the programs they actually want.
-2:14 pm
w o w . . .
well, i mean, yes, we knew that, but i did not catch the slip.
of course.
September 25th, 2008 at 7:38 pmthat, and the audio i heard earlier today on randi…
from 02 (?), duby pushing his grand scheme to get ANYone in the house of their dreams, especially minorities… pushing freddie and fannie to make it all possible…
it’s a set-up.
September 25th, 2008 at 7:42 pm.
I’m going to go out on a limb here and suggest that Bush doesn’t understand much of anything outside of his own head.
September 25th, 2008 at 7:44 pmBut Katy, can’t it be argued that socialism is good for one sector it can be good for healthcare. I understand about no money, but we have no money for the bailout either. It will be borrowed from China at a high interest rate, so whats a little more.
September 25th, 2008 at 7:45 pmAnd it all goes back to Reaganomics.
September 25th, 2008 at 9:24 pm.
The dry drunk never understands how he ran the boat ashore.
.
September 25th, 2008 at 10:59 pmTime has proven Bush a colossal failure. America has been forced to pay a huge price. When I say America I mean hard working middle class indviduals.
I once gave Bush the benefit of the doubt because after an incident of the magnitude of 9/11 left us all in shock. And I always said to myself “…the truth will eventually surface with time..”
Eight years later I look back and conclude that GWBush :
1- stole the 2000 and 2004 elections
2- contributed with those who staged the terrorist attacks on 9/11 to further his agenda : the unlawful criminal invasion of Iraq
3- lied and misled this country into a criminal war in Iraq
4- ignored and still ignores the signs of economic meltdown like always is too late now (this economic meltdown is part of his plan to subdue and control middle class america)
This idiot is not an american icon. He’s a damned criminal is what he is. He should prosecuted and tried as such, right at this very moment! Time has proven this idiot guilty of treason. His crime has isolated him to such an extent that I personally beleive this indivudal should be banned from being a member of our society. He just doesn’t fit that scum of the earth!
September 26th, 2008 at 1:00 am…The war criminal Geoge W.C. Bush has trouble understading “My Pet Goat”…
September 26th, 2008 at 2:18 amOf course, the only thing worse than Bush being disengaged is Bush being engaged… like he was for “harsh interrogation techniques.”
September 26th, 2008 at 2:22 am“Bush doesn’t understand the financial crisis”
No surprise there, he showed the world in 2001 that he does not even understand My Pet Goat.
September 26th, 2008 at 9:19 amAll Bush understands is the money he and his cronies will make, and the eternal rewards he will receive for playing his role in the looting of the treasury.
The rest is all just boring college stuff to him.
September 26th, 2008 at 10:55 am