Bush Asks For $700 Billion Bailout

[RougeUnderoos]

Originally Posted by Calgaryborn

Bush's administration has had to deal with the twin towers bombing, three major and costly hurricanes, two wars and now this.

And I suppose Jimmy Carter is to blame for the handling of Katrina?

The war thing -- that excuse would be laughable if it wasn't such a tragedy.

Saying "he's done alright, considering the war he's had to deal with" is like saying "he's a good driver, considering all the speeding tickets he gets".

[Calgaryborn]

Originally Posted by Mike F

Given that Bush cleary ignored warnings about Al-qaeda when he came into office, you could argue that everything that flowed from that is at least partially self-inflicted.

And the Iraq war, the biggest money pit of them all, was completely discretionary. No one but themselves to blame for that.

Bush had conflicting reports that lacked a time table. If every report was taken seriously America would be in a constant state of lock down. More often then not these reports are false. Bush and Congress faced a second set of conflicting reports about WMD in Iraq. The information they recieved now appears to be false. Sometimes there is no winning.

[Calgaryborn]

Originally Posted by RougeUnderoos

And I suppose Jimmy Carter is to blame for the handling of Katrina?

The war thing -- that excuse would be laughable if it wasn't such a tragedy.

Saying "he's done alright, considering the war he's had to deal with" is like saying "he's a good driver, considering all the speeding tickets he gets".

Katrina would have done its damage no matter how prepared Bush had been. Also it was the Governor who was responsible to request the help. The Feds can't move any troops into a State until a request is made. The mistakes made in the delivery of the goods is on Bush but that is it. The delay in delivery was a planning problem the State had. The fact that the levy's weren't able to stand the storm is the States fault. The fact that people were left in the city and sent to a stadium without proper resources was the States fault.

The point is rightly or wrongly there has been severe pressures on the economy in the last eight years and it has shown a lot of resiliency. People were perdicting recession when the towers fell. To date that hasn't happened.

[Frequitude]

Originally Posted by Calgaryborn

Bush had conflicting reports that lacked a time table. If every report was taken seriously America would be in a constant state of lock down. More often then not these reports are false. Bush and Congress faced a second set of conflicting reports about WMD in Iraq. The information they recieved now appears to be false. Sometimes there is no winning.

That is, if you subscribe to the theory that they went into Iraq because of WMD. Many (most?) now believe that to be a pile of BS, and I'm not talking conspiracy theorists.

[Displaced Flames fan]

Originally Posted by Locke

Whats another Trillion at this point?

A trillion here, a trillion there....pretty soon it starts adding up to real money.

[Displaced Flames fan]

Obama has played this perfectly.

"Help Main Street too"

That's his reaction to this and it WILL get him votes.

[Flame Of Liberty]

Originally Posted by Displaced Flames fan

Obama has played this perfectly.

"Help Main Street too"

That's his reaction to this and it WILL get him votes.

So he says "spend even MORE taxpayer money."

Seems like I was right when I said in another thread that Democrats would handle this even worse than Republicans. And for the record, I am of the opinion that Republicans screwed up big time.

[Displaced Flames fan]

Originally Posted by Flame Of Liberty

So he says "spend even MORE taxpayer money."

Seems like I was right when I said in another thread that Democrats would handle this even worse than Republicans. And for the record, I am of the opinion that Republicans screwed up big time.

Personally, if it wouldn't spell the end of the economy as we know it, I'd be in favor of letting these banks tumble. Idiotic lending practices should be rewarded with failure, not bailouts.

Or...the government could help everyone and pay off all of our mortgages. Win/win.

[MelBridgeman]

Originally Posted by Mike F

Given that Bush cleary ignored warnings about Al-qaeda when he came into office, you could argue that everything that flowed from that is at least partially self-inflicted.

And the Iraq war, the biggest money pit of them all, was completely discretionary. No one but themselves to blame for that.

these warnings started in the mid-90's
clinton had two chances to get bin laden and called it off both times
plenty of blame to go around

[Calgaryborn]

Originally Posted by Frequitude

That is, if you subscribe to the theory that they went into Iraq because of WMD. Many (most?) now believe that to be a pile of BS, and I'm not talking conspiracy theorists.

Then it must have been a huge conspiracy because British intelligence
and their representatives had to have signed up alone with the CIA and both the Senate and Congress.

[Mike F]

Originally Posted by Calgaryborn

Bush had conflicting reports that lacked a time table. If every report was taken seriously America would be in a constant state of lock down. More often then not these reports are false.

You make it sound like he was engage but didn't have enough information. In fact, Administration officials were briefed on the severity of the threat and the did nothing about it. It just wasn't a priority.

Originally Posted by Calgaryborn

Bush and Congress faced a second set of conflicting reports about WMD in Iraq. The information they recieved now appears to be false. Sometimes there is no winning.

Bush got the information he wanted in order to justify a decade long desire by top officials in his administration to invade Iraq and spread US influence into the region.

WMDs, terrorism, etc, were excuses not reasons.

[calculoso]

Is this thread about the economy and the bail out or is it a "Bush bashing/supporting" thread?