Jon Stewart: Bush Bailout Speech Just Like Iraq Speech (VIDEO)

Jon Stewart finds an eerie similarity between President Bush's big bailout speech and his Iraq invasion speech five years ago. "Those who do not study the past get an exciting opportunity to repeat it." Watch:

Comments

[BurgessPenguin]

That was freakin' awesome.

[marignymitch]

Junior still looks like Alfred E Neuman.

[qdog112]

I think Red Buttons is his real dad.

[joshuahmcdonald]

Thank God for the Court Jesters for within their jokes lies the truth.

[RaraAvis17]

Hasn't B00sh realized that the American people have television, youtube, and memories? Apparently not. HA!

[LITU]

He only believes in the things he can spell.

[larry278]

Somebody teach him, W, how to spell s@it. Sorry, HP's policies forbid me from spelling out s@it. OK, OK I don't know s@it either but I ain't POTUS like W is.

[wanked]

Americans have memories?
HA!

United States of Amnesia.

[AmericanScream]

I won't give you the memories, but the chimperor still hasn't figured out the internets.

[Roxanna]

This is fabulous..­.. "The Sky is falling"..­...Chicken Little

[ledill]

exactly

I wonder if the eye rolls across america were in unison

[sean6886]

I think it could be one of these:

1-He's already in outta here mode. Just recycle this one and change a few of the words to match economy over Iraq.

2-They've lied so much, they can't remember.

3-All of his minions have gone on to "private sector" jobs and Bush doesn't have a speechwriter anymore.

4-Sarah Palin wrote it. She's a repeater. Reformer, reformer, reformer, reformer, reformer, yup, yup!

[rwe2late]

Bush declares economic ‘war on pessimism’ (9-25-2008 post)
__________­__________­_
We cannot be blamed for causing this disaster.

The lack of investor confidence is not due to our deficits or trade imbalances, or the disproportionate spread of wealth, or the inattention to our physical and social infrastructure, or the distortions from wars and military occupations, or our inflated dollars, and need to borrow more to pay for what was borrowed before..

Rather, a few rogue investors now threaten us all with an economic mushroom cloud. Immediate action is needed, outside the normal rules of practical commerce.
The houses of finance, which produce nothing, except credit, will not let us borrow more unless they are confident of profit. The ONLY way to give them confidence is to buy up their bad debts, and give them the money to loan back to us. We must do this quickly, for what is good for Goldman Sachs and Chase Morgan, is good for America.

Congress must authorize the funds for this pre-emptive action, not to do as we ask in this emergency would be unpatriotic, because our way of doing business is threatened, and we are the greatest nation in the world, for profitable investments. Our children will be forever indebted to us for doing this.
And it ill pay for itself.

[Adrienne Williams - Huffpost Blogger]

Excellent video, pass it on, we're being sold bad goods once more!

[ElectronoftheOne]

Leave it to the Daily Show crew to discover the formula and lay it out for us on the split screen. Way to go, John and company! Fake news rules!

[JonW]

Kudos to Stewart and company. The slit screen show that our Pres still has that look of the guy from MAD magazine with the glazed, beffudled look. Talk about overachieving!!! But that will pale if that mental lightweight Palin and her old sidekick get in office!!

[Clairvaux]

Dubya looks like someone just explained the significance of Nuremberg

[AmericanScream]

Dear Lord, I wish!

[dolphy]

After listening to a number of talk shows and thinking about this for a week I think I'm convinced that this is Naomi Klein's shock doctrine and an attempt by the rethug traitors to pass laws to do away with more government programs such as medicare, the public school system and social security, basically privatizing everything.

[Hufferton]

My friends, esp. Free2Speak, if you cannot understand all of this, it is because you are a middle class (or less) woman or that C-word. If you are a man then all I can say is....Gotc­ha!

Gotcha! once as a member of Keating 5 and Gotcha! twice with the Wall St. mess. See, MY Friends, you lesser folk just will never understand­...and I "graderated" 5th from the bottom of my class....G­otcha! a 3rd time

The 4th Gotcha! will be when I and Sister Pal-in-Alaska Gal win the Oral Office with the blessing of her Witch Doctor...

[jpsd]

They are lying to us
http://www.youtube.com/watch?v=H5tZc8oH--o

[jbs902]

As Fred Sanford would say "You Big Dummy" remember the Keating five and John McCains position on the House banking committee? Get Real.

[muggles5]

This video (the poster's link to youtube, not the Daily Show piece) is sophisticated bullshit, a very clever attempt to shift the focus from crooked investment professionals onto liberal redistributive ideology. Nowhere in the video is there any reference to the biggest scam in the history of banking and capital accumulation: hidden, unregulated derivatives, the value of which is unknown, but estimated in the trillions. The banks did this, not because they were forced to offer loans to poor people (a sideshow in the context of the total dollars involved), but because they saw a way to move money around profitably in unprecedented amounts with virtually no liability. It's a giant shell game, and the housing loans are a small tip of a rotten iceberg. The root cause is not New Deal economic policy, but rather the abandonment by the investing class of any pretense at creating value, any responsibility to the nation as a whole. Numbers in a computer became the goal, not creation of productive enterprises.

[muggles5]

States retain the power to fix this problem in the long term, if they exercised it. Our Constitution, and legal precedent, gives states the power to charter (or de-charter) and regulate corporations. Further, local solutions are almost always more effective. A good example is Sacramento: during the Enron scam, when blackouts were artificially created in order to milk windfall profits out of the deregulated electricity market in California, one major city had no issues with supply: Sacramento. Why? Because they had a municipal power grid, not a complicated system of contracts with middlemen.

In other words, the big picture is that we have allowed national players (mortgage arms of once-productive manufacturing companies like GMAC; large investment banks; hedge fund gamblers) to warp the shape of our local and regional economies. Too little reinvestment, too much dependence on "diversified" retirement funds; too little focus on wages and conditions and mutual security, too much focus on national and global trends and bubbles.

[muggles5]

We have the power to change our priorities, but it means a generation of sacrifice: a willingness to live with less growth in order to regain a healthy, sustainable economic life at the local and regional level. We need to turn our attention to boring old state and municipal and county governments, and let these hosers go down in flames. They will not do one single useful thing with whatever billions of dollars they are given access to. They will not care in the least about what happens to your local schools, your local services, your local downtown business community, your local hospital, your local housing market. They do not care about you. We need to start caring about each other in a face-to-face, manageable way, to start creating new/old models of sustainable living.

Peace to all.... don't get fooled again.

[zorrobozo]

W is like Jason character at end of Friday the 13th movies: attacking yet again after the audience is thinking he is a dead duck (or in W's case, a Lame Duck)

Time to let out a big quack! quack! I'd say!

[bumpersticker]

Is someone this savvy politcally - Bush is expendible so he successfully turned this mess into a Democratic fixer-upper, and suddenly the Dems are the "Chamberlin" appeasers wanting your money for their socialist ambitions, and the Republicans are the ones to keep you safe (again.)

If that was the game, the Dems walked into a bear trap.

[quantumspin]

Agreed: watch for the nth time as Pelosi/Reid lay down and take it from the GOP, while crying how 'unhappy they are' with the proposal, but 'oh well they have to pass it.'

Heck with impeaching Bush, Pelosi and Reid ought to be thrown in jail for their treason since 2006---no guts Democrats and the public pays and pays and pays.

All we need is a .25% stock transfer tax and a couple other simple measures to cure this thing, along with the return of Glass-Steagall regulation. But no,Democrats--who own millions of dollars of AIG and other stock--- want to make the ordinary US taxpayer pay more and more and more.

This is a pitchfork moment in time--- a million citizens marching on Pelosi/Reid is what we need to stop this travesty.

[wanked]

Cindy Sheehan would greatly appreciate your contribution. She can not be bought or sold.
Its time for Ms polosi to be shown the exit.....

[jezzabella]

Someone posted this on another board. It is well stated:
"If you think about it, this is a very savvy political game the Republicans are playing. Bush rolls out an empty plan and tosses the ball to congress with urgency. Democrats are in charge of congress and are required to put together a plan they can vote on that will not get a veto by Bush or else risk an economic meltdown of which the Repubs will blame on the Dems. Then the Rebubs come back with proposals that are certain to be refused in an attempt to shift blame for the economy on Democrats. The Republicans will say the Democrats saddled the American people with a $700 Billion added debt. This is brilliant, the Repubs F-up the country with massive deregulation and non existent oversight and then slip the blame to the Dems. It’s amazing political workmanship. I wonder if that’s what Carl Rove and Dick Cheney have been working on while in hiding. Conspiracy theory? Yes. Possible? Absolutely! The best thing the Democrats could do right now is scuttle this whole thing and leave the blame where it belongs, WITH THE REPUBLICAN­S."

[ElectronoftheOne]

The "crisis" places the Democrats in the classic damned-if-you-do, damned-if-you-don't double bind, and ever so conveniently timed to occur just a few weeks before the election.