Bush vows to continue pre-socializing the economy for Obama
Not content with the failed legacy of the Bush-Kennedy No Child Left Behind Act, the massive Medicare prescription drug coverage expansion, and the past year’s worth of mortgage “rescue” debacles engineered by his Naked Emperor Treasury Secretary, the lame duck GOP Spreader-of-Wealth-in-chief defends Citibailout — and threatens us with even more behemoth bailouts before he relinquishes office.
President Bush argued Monday that the government’s dramatic rescue of Citigroup was necessary to “safeguard the financial system” and help the economy recover, and he said there could be more such moves if other institutions need help.
Bush said he approved the action, recommended by Treasury Secretary Henry Paulson, while flying back to Washington on Sunday evening from meetings in Peru with Pacific Rim leaders. He said he also spoke with President-elect Barack Obama on Sunday night, part of what he has promised will be “close cooperation” between his administration and the Obama camp.
Referring to the Citigroup rescue, Bush said, “We have made these kind of decisions in the past. We made one last night. And if need be we will make these kind of decisions to safeguard our financial system in the future.”
How many times have I said it before?
God save us from bipartisanship.
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Trackbacks
- Jules Crittenden » Stop Me If You’ve Heard This One …
- But Obama, You Said McCain was Bush Part II… « Jane Q. Republican
- Creeping Socialism: Bush Defends Citigroup Bailout | Jeffrey A. Setaro
- Okey Dokey… Obama declares implementing socialism shall be his “core” economic policy… : P.U.M.A
- Obama Renews Promise To Raise Taxes - 24 Nov 2008 | BigMouthFrog
- The Irascible Chef » As the Blog Turns
- Obama and the Economy; The Perfect Storm « Riggword Weblog
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looks like bush has bought into obama’s hope and change.
the man is such a fool, he’ll go down as another hoover. him and his father have been a curse upon this country. they squandered all that reagan did.
The way it is going, Obama will not have to socialize anything. In any event, I do not think Obama is a socialist in the classic nationalizations sense. And he is not a Marzist in the whithering away of the state sense (can you imagine Obama withering away any part of the state).
And I doubt we will be firing squads and forced collective farming in the Lennin, Stalin and Mao sense.
Rather, I think he is a managerial state type (though I am sure he sees himself in the more positive Galbraitian “New Class” sense).
Most presidents are content to ride out the last couple months of their last term. Wish we had one of those.
“Money Changes Everything”, as Cyndi Lauper sang…ironically during Reagan’s zenith.
Stuck on Stupid
Trucking frain wreck… I hate to say this but I can’t wait for Bush’s term to end.
While think history will ultimately judge positively for his efforts in the war on terror he has in most other respects been a mediocre president.
Bush used to be good at least on the war.
It is impossible to fight a war with worthless money.
Yep.
Well put.
There goes what is left of his legacy.
I have always said that the present President Bush was no conservative.
How do we de-nationalize all these things that the feds are grabbing?
Thees fools think they can fix a rainy day! How much pain will we have to endure before they figure that they should STAY THE HECK AWAY and let the people fix their own problems.
What Bush is doing now truly amazes me. I just can’t figure out why he has moved towards Nationalizing everything he sees. Paulson and Bush are doing more harm to the economy than I ever dreamed Obabma would (and that’s saying something).
This was pretty evident since last 5 years…A war based on lies, massive spending increase and now bank nationalization. He is a phony conservative…
Well this ends the Bush era. Now we can wait for Obama to end the Clinton era. Then we can get back to a prosperous country again.
The libs love it - all the more fodder for blaming the “failed” Bush policies far into the distant future…
It’s not socialism when money is taken from the people and given to the private companies in bed with government. That a clear definition of Fascism. This isn’t the left’s arbitrary verbal ‘Fascism’ diarrhea, it’s the actual historical model. Obama has a pretty clear path toward a modern totalitarianism, forged by the man who called the Constitution “a God-damned piece of paper”. This is coming from a staunch conservative here, Bush needs to be prosecuted and imprisoned for the sake of this country.
jasetaro, I hate to bum you out further but….these are just the appetizers.
The main course has yet to be served. Expect the dinner bell to be rung by Obama in January 2009.
Liberals saw Bush for the nogoodnik he his already in 2000. Paul Krugman wrote column after column pointing out that the Bush economic numbers didn’t add up.
“Bush” is the answer to the question: what kind of person will conservatives pick to be President, if they get to pick. No wonder they didn’t go with the conservative this time (not talking about McCain, but Romney, Huckabee, Tancredo & the other single digit winners).
LGM to conservatives: next time pick a candidate with some scruples.
Bush has wanted from day one, to destroy the Conservative block of America… He has succeeded.
Big Spending, wanting Amnesty for up to 10’s of millions of illegal alien democrat Gov’t depenadant voters, and now…the Gov’t taking over the foundations of the free market economy. The Jennie is out of the bottle. Only a crash or major overhaul of the gov’t can fix this..
Let me help you there.
Conservatives aren’t the problem. Tell that to moderates and independents. That’s who got these guys elected.
That’s it! He gets an hour of Manilow.
his father was a globalist rino, and the son is even a bigger globalist rino. yes i support his war on terror, but in every respect on the economy, he has failed miserably. he seriously increased the bailout mentality of the u.s. he failed to veto stupid and corrupt spending by congress, he failed to shut down fannie and freddie, and he failed to end the cheap funds when they were running amok. herbert hoover will be remembered more charitably than w and maybe rightly so.
Michelle, I’m afraid you do err. There is no bipartisanship here. The president is as much a socialist as the Corrupt-o-crats in control of the House and Senate. Bush doesn’t know the meaning of conservatism. What a legacy!
this sentence makes no sense. if bush is the kind of person they pick for president…how could they pick mccain???
Correction made.
Oh Really?
Who lied?
Try again.
Safeguard? Safeguard? What is being safeguarded by these kinds of decisions?
The fancy-dan lifestyle of the few people — givers and takers — who are managing them.
This is a precursor of what is in store in the future. The few living high on the hog while the masses shovel sh!t against the tide for 2 cents an hour.
You are correct. We live in a fascist state, and freedom is greatly endangered.
What pisses me off is that “conservatives” aren’t also bashing Bush about his war in Iraq. Nation-building and “Spreading Democracy” is one of the most liberal policies a country can take up. Even worse than endless foreign aid, sacrificing blood and treasure for the perceived good of another country’s people can only be described as anti-conservative. Reagan understood this when he pulled troops out of Lebanon, and Nixon and Eisenhower were elected to end wars started by liberals. Remember when Clinton went into Bosnia and conservatives were screaming about interventionism and policing the world? Hell, Bush even ran on the anti-world-policing in 2000.
If we want to actually return to conservative roots, then we have to understand why Bush was such a complete and abject failure throughout his presidency.
Danced right around Kuwait didn’t you?
We are in Iraq for NONE of those reasons. The primary reason we are in Iraq can be clearly seen by simply looking at a map of the Mideast.
If you think it is irrelevant, just ask Holland and Belgium. They have learned that lesson twice in the last 100 years.
Reagan looked weak when he did that and encouraged more attacks. Nixon was forced to end a war that led to millions of deaths.
we beat al-qaeda in iraq. we either fight them overseas…or wait for them to come here…offense is the best defense.
Alright already! I’ve changed my mind! If the libtards still want to impeach G.W.Bush, go ahead, you have my blessing! But, do it quickly dammit!
If you think preemptive war and foreign intervention is the way to make a safer world, then you’re gonna love the Obama administration.
our war against Nazi Germany was pre-emptive…they did not attack us. are you saying this was a mistake?
and if you think iraq was preemptive you’re dreaming. iraq was at war with us…as is iran and al-qaeda. to think otherwise is a fantasy. you can pretend we’re not at war with them…but they sure as hell are at war with us.
Am I the only one who is beginning to feel like the ‘protection’ is more expensive than the ‘disaster’ they’re protecting us from?
We need to build a gallows on the National Mall and hang 80% of the politicians in washington. Republicans and Democrats alike, they are all lying tyrants!
The other 20% can dig the graves!
One more thing to show that George W Bush is no conservative. At all. He was better than the alternative, but still…he’s mostly a RINO.
I recall that the attack on Pearl Harbor was the catalyst for our involvement. Being that Japan signed the Tripartite Pact becoming part of the Axis Powers a year before they preemptively attacked us, was more than enough cause to join the front against both Germany and Japan.
They’re at war with us because they obstructed UN inspectors? Or made threatening comments? Or said they had weapons? Al-Qaeda isn’t a country. Are we at secret war with North Korea? Sudan? Russia? China? Have they declared secret war on us too? Is it to much to ask to require a declaration of war on a country we intend to destroy? Maybe when Obama attacks Iran, or Russia? I doubt it…
Don’t forget it’s more evil cousin, Lennon’s “So This Is Christmas” with Yoko singing backup.
Whoops, wrong thread.
HEH HEH HEH. You wish.
Impeach Bush and your President becomes…. YES!!! We should be so lucky.
So that’s how it happens!
He would not have the stones to attack Lichtenstein.
Make no mistake, had Bush taken a Constitutional view of this mess, Obama would not be able to get away with half of what he is about to get away with.
James Buchanan’s descendants are happy.
ok since Iraq supported al-qaeda, according to Clinton, isn’t that good enough reason? in addition to attacking our planes in the no-fly zone, and trying to kill former president bush?
see above.
so? they did pull off 9/11…unless you think thats a plot of the BOOSH admin???
NK and China sure are getting ready, along with Russia.
congress gave bush that about iraq.
Bush needs to be tried for TREASON!
Bush has been sowing the seeds of socialism for 8 yrs; The GOP has a giant task ahead of it to distance themselves from this train wreck; Those that voted twice against the bailout should be leading the way; If the GOP going forward is led by the bailout yes men like McCain, McConnell, Blunt, Boehner, and Cantor, then they will continue the Democrat Lite recipe and they are doomed!
right4life said (#25):
Conservatives acquiesced to McCain, but they picked Bush. This cycle, none of the “true conservatives” ever got above single digits in polling.
Bush taught Americans a good lesson: don’t trust conservative candidates — they have no scruples.
No liberals hated him for defeating gore and kerry, who the rest of us saw as worse than bush. Still true. Then the left just kept on calling him names till everybody joined in. Bush was not a terriable president, just an average one when we needed a great one. Trouble is, obama will be worse that bush.
still makes no sense. if conservatives control the republican party to pick bush, then how could they pick mccain?
Wait till they see how obama lied to get elected.
When I was going through Dad’s political journals, before I took over his “opinion-ating” (in what I thought would be a short-lived bid to keep his accounts active), he had an entry in June I thought was tongue-in-cheek.
He noted that the “m2″ metric at Treasury was discontinued, (it measures “money printed vs removed from service”), that there was a big difference between the Canadian$ vs Peso vs US $, and that to accomplish a NorthAmerican Union, the currency would have to be leveled.
He noted that Shlaftly, at the Eagle Forum had written extensively on GWB’s desire for a NAU, and Dad wondered what form the leveling would take.
Also, is GWB using the Pluralis Majestatisis form of “we”?
I guess GWB still detects some movement in the Conservative Corpse of the GOP…
He takes careful aim, (doesn’t he look great in his POTUS cap?) and…
*BLAMM* *BLAMM* *BLAMM*
With trillion-dollar bullets, yet.
http://www.jewishworldreview.com/1108/morris112008.php3
Read what Bush has done to our
Sovereignty. Either he has horrible financial advisors or he’s lost it completely! Bail-outs and socialising industries are the least of our problems. Wait til the UN starts overseeing our finances.
“The Bush legacy? European socialism. Who needs enemies with friends like Bush? ”
No one is reporting that Mr Bush gave “nothing less than the seamless integration of the United States into the European economy.”
“At the G-20 meeting, Bush agreed to subject the Securities and Exchange Commission (SEC) and our other regulatory agencies to the supervision of a global entity that would critique its regulatory standards and demand changes if it felt they were necessary. Bush agreed to create a College of Supervisors.”
Troll alert!
Multiple trolls on the boards quoting Krugman, a war based on “lies”, Bush is a “conservative”, McCain is conservative etc.
Do you lib/trolls think you don’t stand out like a sore thumb with your idiotic comments? Do you think we will abandon our conservative beliefs because John McCain got shellacked in the election? Like he’s one of us?!
Come on, you’re kidding right?
Ahh, It’s A Lion,
You are 100% correct. The bailouts follow the economic Fascism form perfectly.
It’s not Socialism.
I get so disappointed in Michelle and other conservatives who keep getting it wrong.
Here’s my take on it:
http://justifiedright.typepad.com/justified_right/2008/11/its-fascism-stupid-not-socialism.html
He maybe a worse president than Yimmy, defense is yet to be known. These rug heads are patient and very deliberate in their workings. How can we be safe with wide open boarders, vast majority of imported products(especially from China) not being tested by the FDA (FakeDefenseAgency) and dealings with countries that want to kill us, like Saudi Arabia…along with hundred’s of thousands of temporary visa’s for camel jockey’s that just want to learn how to fly…and on and on and on.
The biggest change you’ll see in the changing of the presidency come Jan. 20 will be one is white the new one is black, both left wing liberals.
Agreed. The problem is that RINOs keep imitating the candidates you like, LGM. ..is that a solution? We haven’t had a real conservative president yet on fiscal issues.
I agree with you once again LGM, but only in part.
Your man, BO, still has to do better than Bush on fiscal issues and so far I can’t tell the difference. BO would have to become a fiscal conservative, and that isn’t going to happen…he can now jabber its Bush’s fault for the economy, but since he has gone along with Bush on the economy, he will eventually have to get stuck with it in about a year or so from now.
The economy is BO’s tar baby, LGM
But i have to admit that “compassionate conservative” is just a buzzword for socialist
Re: JustifiedRight
Nice blog Justified - well thought out. I really thought the quotes from Mussolini brought the point home. I think it’s because the public has been programmed to assign Fascism to excesses of the right, and Socialism to excesses of the left. This is obviously incorrect, as basing your economy on elite central economic planners is a policy of the left, but this eludes most people. However, I believe that assigning the wrong diagnosis to the problem, even if it does jive with your agenda and common wisdom, is still intellectually dishonest. Calling Bush and Co. ‘Fascists’ is not equal to saying Bush and Co. are conservative-extremists, that’s completely backwards.
Malkin is guilty of capitulating to group-think to forward her political agenda. Call a spade a spade Michelle, people need to know Bush and Co. are promoting Fascist policies, people need to know that there is a difference between Fascism and Socialism, and that both are extremes of the left.
Ahh a Lion,
Thanks for the compliment.
I’ve emailed my link to Michelle hoping she will link to it.
You are right - we have to get our “isms” straight.
Steve Sailer at his blog continues to document how Bush threw gasoline on the housing / financial crisis, pushing Fannie Mae to put hundreds of billions into No Down Payment subprime loans to non-whites and illegal aliens.
Bush is our Hoover — a Keynesian nightmare combining the worst instincts of LBJ, Carter, and Clinton.
Bush has been discoordinating the macoeconomy since he took office, spending money we don’t have, manipulating interest rates and the housing market, and bailing out companies (starting in 2001 if you remember).
Unfortunately, many “conservatives” are too partisan and too stupid to speak out about our economically incompetent Republican President.
Thank God Michelle is not one of them.
Let me understand your logic:
Bush = no scruples
Bush = conservative
Therefore, conservative = no scruples.
I agree that Bush has no scruples. However, he is not all candidates. While his positions on the war, a couple SCOTUS nominations and stating his belief in God were in line with conservatives, Bush himself is clearly not a conservative. His positions on big government, increasing the national debt, open borders, American sovereignty, and the bailout prove him to be at odds with conservatism.
Flawed premise equals flawed conclusion. Nice try.
LGM to conservatives: next time pick a candidate with some scruples. You mean some one like Clinton? Sarc.
On November 24th, 2008 at 11:58 am, Ahh a Lion! said:
Bush didn’t sat that just FYI. (Not that you care.) Doug Thompson likes to make things up.
If you’ve been paying attention, you realize that Bush and the Fed have been “stimulating” the economy for EIGHT YEARS, sinking the Keynesian accelerator to the floor boards with massive spending increases, corporate bailouts (starting with the airline industry), tax “rebates”, interest rates far below their natural rate, uncontrolled earmarks, massive subprime Fannie Mae loan programs, massive increases in corporate farm welfare, etc., etc.
And if you’ve noticed, planting Keynesian accelerator firmly on the floor board has done nothing but send us flying over a cliff at a million miles an hour — and pushing harder on the Keynesian “stimulus” accelerator is NOT going to make that lead car fly.
Bush and the American economy are Wiley Coyote — and Obama’s plan to double down on Bush’s Keynesian stimulus program only promises to increase the speed at which Wiley Coyote is sent to the canyon floor.
Re: PrestoPundit
Good call, I’m glad people are bring up the flawed economic theory behind this country’s downfall. Keynesian economics, to use your analogy, requires that Wiley Coyote (our economy), keeps running forward without looking down. As long as Wiley Coyote doesn’t look down, he wont fall into the canyon below. This however, doesn’t change the fact that he is still running on nothing. Keynsian economic fundamentally changed capitalism in this country from one based on capital (savings), to one based on debt. It’s unsustainable, and will collapse in rampant hyper-inflation.
7thson said (#65):
Touche! Here are two counterarguments:
People often generalize from one example. For example — bought a Ford, it was a lemon, therefore Fords are lemons.
Also, Bush being so bad has made people look for the warning signs. Making obviously contradictory promises is one of them. Bush promised to cut taxes and balance the budget. Turns out that cutting taxes explodes the deficit. Pretending that obvious incompetents are qualified is another Bush trait that conservatives tolerated as long as the incompetents were conservative. People saw what happened in New Orleans and Iraq and decided they didn’t want Sarah Palin.
WOW exactly what obama is now saying.
No, tax revenues actualy increased after the tax cuts. SPENDING explode the defict.
Okay what exactly does Iraq and new orleans have to do with sarah palin? Duh.
Isn’t it cute, after 8 years of non-stop bashing of conservatives, LGM is now pretending to like conservatives. It must be the new liberal marching orders because digshot was doing the same.
So.. the transition team is working smoothly…
I have said many times before, on this site and others….
This is A PLAN…not a reaction. In the eyes of the “globalists”….America must be brought down to the level of the rest of the world in order to usher in the new financial way of life for their new world order. Call it a conspiracy if you like (I know See-Dub would) but for crying out loud….it seems pretty obvious to me that the only way to achieve their global plan is to somehow bring the USA down….and it appears they are working very hard and fast in doing just that.
These people are traitors and should be taken out and shot….period!! and yes I use the term “these people”….as there are several thousand that need to go and I cannot list them all.
but…keep watching “dancing with the stars” America….nothing to see here, move along…..it will all be over soon.
With all the Smart People from Harvard, Yale and the Seven Sisters screwing things up I dream of the day our government consists of:
But be of good cheer my friends: Thursday is Thanksgiving, the one day a year when Big Thighs are good
Friday I go back to being bitter. If I can move.
Yes …of course they will hide the fact they are spending like drunk sailors..but then none of them have said “no” to the bailouts.
But as for Bush..push the bum out the back door fast.
correction LGM…This is only true if spending is not simultaneously limited to expected tax revenues after cut.
Neither party has really done both yet-cut taxes AND matched spending to tax revenues coming in after tax cut.
what has happened is raise taxes to meet spending requirement-but that was only after 1994 when the REpublicans took over the house and forced welfare reform on Clinton…
excuse me “what has happened is that taxes have been raised to meet spending requirement….”
Remember when we were all outraged when it was threatended to put Bush Cheney on trial for the war?? Maybe if that had happened they would have been too busy to create total socialism and the USSA!
The only way out of this is more taxes and guess who gets to pay it?? the middle class because 40% pay nothing and the top 5% will take their money off shore. Guess who that leaves??? Just you and me………
“By Choice” is right. Because we have ultra wealthy people making laws and running our country, there’s no surprise that they have protected themselves from taxation. The 40% who don’t pay taxes would riot if they started having to pay, but the docile middle class will dutifully bend over and grab the ankles without so much as a grunt.
Is it possible to get American taxpayers to actually DO anything to take their country back?
If I may paraphrase Churchill, “Never has someone done so little for so long and yet caused so much self-inficted damage.”
I voted for the man twice because I thought he was an alternative to socialism. It turns out the “alternative” was to socialize everything in the last 3 months of his administration.
Obama will be something like the 2nd Carter administration with more colorful characters. But, as much as a dread what he will do, I can’t wait for Bush to leave. I now long for the “good old days” where Bush simply did nothing!
Looks like you missed:
- http://in.youtube.com/watch?v=19QAYXk0W_A
- http://in.youtube.com/watch?v=dOXdJXiyeWo
and
- http://in.youtube.com/watch?v=GGC0N70y1uk