Bush addresses the Nation: 5 days too late.
George ‘Curious’ Bush:
Finally, when we get past the immediate challenges, my administration looks forward to working with Congress on measures to bring greater long-term transparency and reliability to the financial system.
Where have we heard this before?
In this difficult time, I know many Americans listening may be wondering about the security of your finances. Through the F.D.I.C., every savings account, checking account and certificate of deposit is insured by the federal government for up to $100,000. The F.D.I.C. has been in existence for 75 years, and no one has ever lost a penny on an insured deposit. And this will not change.
1 response so far ↓
btchakir // September 21, 2008 at 10:39 am
“Sen. McCain bragged about how as chairman of the Commerce Committee in the Senate, he had oversight of every part of the economy. Well, all I can say to Sen. McCain is, ‘Nice job. Nice job.’” -Barack Obama
This past week was the week of the economy, as Wall Street tanked and we looked to the candidates to see what THEY would do in the situation (we really didn’t believe that Bush could do anything and, leaving the control of all of this to Secretary Paulson, we were right.)
Barack called together a committee of economic stars (Rubin, Volcker et al) and appeared Presidential, while McCain and Palin held a “Town Meeting” to blame Obama for the entire economy. And, unbelievable as it seems, most of the press noticed this, too.
Rachel Maddow summed up McCain’s week on Friday night:
In the coming week, with Bush’s (read Paulson’s) request for $700 Billion Bucks to buy up bad debt, we will have to watch how the two candidates continue their economic campaigning.
Under The LobsterScope