[Rhodes22-list] Bush Speech

[Herb Parsons]

Hank!!! How dare you. Have you missed the tone of the most recent posts. 
Don't distract folks that are on a mission!

Hank wrote:
> Rob,
>
> What I fail to understand is why everyone wants to paint Bush as SOLELY
> responsible for everything that happens in this country.  Last time I
> checked we weren't living in a dictatorship.  Congress has to pass the laws
> before the President can sign them.  Congress shares just as much
> responsibility in this as Bush.  Let's give credit, and blame, where it is
> due and not just dump it on a convenient scapegoat.
>
> Hank
>
>
> On 9/25/08, Lowe, Rob <rlowe at vt.edu> wrote:
>   
>> Brad,
>> That pretty much sums it up.  What he failed to say was that he was
>> apologizing for 7 years of failed policies that created this mess in the
>> first place and that he was trying to save his legacy by having the
>> taxpayers bail his ass out of trouble.  Now if he had said that, I'd
>> probably consider going along with his plan.  But wait, $700B spread
>> among 300M citizens is only around $2300 a person, why not just ask
>> everyone to pony up their share?
>>
>>
>> -----Original Message-----
>> From: rhodes22-list-bounces at rhodes22.org
>> [mailto:rhodes22-list-bounces at rhodes22.org] On Behalf Of Brad Haslett
>> Sent: Wednesday, September 24, 2008 9:46 PM
>> To: The Rhodes 22 Email List
>> Subject: [Rhodes22-list] Bush Speech
>>
>> I truly hope SOMETHING gets passed so the loan on the house I'm
>> selling closes on schedule next week (Tip O'neil said it best - all
>> politics is local).  Here's one summary of the Presidents speech.
>> Brad
>>
>> ---------------
>>
>> Bush: Congress Must Act to Save Stupid People
>>
>> Posted By Scott Ott On September 24, 2008 @ 10:41 am In Business, U.S.
>> News |
>>
>> (2008-09-24) - The foundation of the U.S. economy could crumble,
>> President George Bush said today, if Congress fails to approve a U.S.
>> Treasury plan to take over foundering financial firms, a proposal
>> which the president called "a much-needed 21st-century civil rights
>> act for stupid people."
>>
>> "To sustain this shining city on a hill," Mr. Bush said, "we need to
>> rescue the ignorant, irresponsible folks - from Wall Street to Capitol
>> Hill to Main Street - who got us to where we are today. We must
>> guarantee that no American suffers the soft bigotry of being forced to
>> live with the consequences of his bad decisions."
>>
>> The president, in remarks to the news media clearly aimed at reluctant
>> Republicans in Congress, said, "Our financial system rests on a
>> foundation of huge banks, brokerage houses and quasi-governmental
>> agencies that followed Washington's lead by gambling on long-shot,
>> poorly-collateralized investments. Now this glorious way of life is
>> threatened, and we must act to preserve it."
>>
>> "We need to guarantee that the structures, systems, people and
>> products that got us to this point won't be tossed on the ash heap of
>> history," said Mr. Bush. "If these giant companies fail, then America
>> will be left with nothing but thousands of small to mid-sized
>> financial firms that made prudent investment decisions during the past
>> 15 years."
>>
>> The president added that, "Americans value the liberty they have to
>> buy homes they can't afford, to invest in securities backed by nothing
>> but hope, and to draw six- and seven-figure salaries based on the
>> courage to risk taxpayer dollars on deals that even the dealmakers
>> don't understand."
>>
>> "It is a moral imperative that we guard the civil rights of these
>> idiots," he said. "If we fail, then we face the specter of free market
>> capitalism run amok, and millions of Americans will feel the painful
>> lash of personal responsibility across their backs."
>>
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