What Bush Won't Tell You
Tonight, President Bush will address the nation to drum up support for his 700 billion dollar bail out of Wall Street at a time when 55% of Americans oppose government aid to failing financial firms, according to a poll conducted by the Los Angeles Times and Bloomberg.
I'm not a financial expert, so please forgive my naiveté, but $700 billion is not going to be enough according to many experts. The bill alone for AIG will consume a significant amount of this figure and many American financial institutions are still stuck with trillions of dollars of volatile mortgages.
Mr. Bush will not tell the U.S. taxpayer that America is drowning in debt to countries such as China and others. He will not mention the trillion dollars wasted in Iraq. He will not mention how he had personally asked the King of Saudi Arabia not to withdraw Saudi investments from the United States and not to demand payment in Euros for Saudi oil.
Meanwhile, as Americans remain in doubt about the future of their jobs, the security of their savings, and the value of their 401(k)s, Gulf Arabs are having a problem in finding ways to spend their money. Aside from the construction boom that is going on in Arabia, many of these oil-rich states have been snapping up properties and shares in U.S. corporations at bargain prices. Just recently, the tiny state of Abu Dhabi bought 75% of a New York City landmark, the Chrysler Building. The cash-flush emirate also bought shares in General Electric, Citigroup and will be pouring a billion dollars into Hollywood.
Will President Bush announce a "fire sale?"
Jamal Dajani produces the Mosaic Intelligence Report on Link TV
Follow Jamal Dajani on Twitter: www.twitter.com/jamaldajani
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Somehow - I would rather the $700 Billion came from us - the taxpayers - rather than have it borrowed from China or some other country - who could basically foreclose on our country - Bush already has us so deeply in debt to China and other foreign countries - that our country will never be our own again - Bush has made too many side-deals with foreign govenments - that we - the American people will never be told about - until it's too late
- and all we will ever hear from Washington- is an big OOOOPPPPSSSS!!!!!!
China is currently calculating how many slave ships to send over.
This is frightening!
I think Bush needs to declare a fire sale...why not...why can't he be honest for once?
Our country is going to hell and its all HIS fault.
I've had enough...i
"Mr. Bush will not tell the U.S. taxpayer that America is drowning in debt to countries such as China and others. He will not mention the trillion dollars wasted in Iraq. He will not mention how he had personally asked the King of Saudi Arabia not to withdraw Saudi investments from the United States and not to demand payment in Euros for Saudi oil."
My post from yesterday!
"Oh! My GOD, What a crock of s h i t.
President Bush is trying to convince us that we only have 24 hours to pass this bailout or the market will tank. I have to ask why it didn’t drop 500 or 1000 points today.
I’ll tell you what I think and that is we are being blackmail by the Chinese to cover their bad paper or they will pull out all their money and not lend President Bush any more money for his war.
President Bush wants to give into this blackmail to cover his own a s s.
Don’t do it, not one damn penny because if they pull this stunt we will stop buying Chinese products and they too will go broke.
Nothing else explains this rush to bailout."
I guess I hit the nail on the head......
Wonder what the reason will be to cancel the VP debate?
No way can McCain let that happen either.
At least McCain is taking mom's advice "If you have nothing intelligent to say, say nothing."
McCain simply doesn't understand the economy. He hasn't had to pay a bill in many, many years.
This is all a bluff. There is no quick fix to the US economy. McCain is hoping to delay the debate so he won't get creamed on Friday night. Yes, it's the economy stupid...a
The P person is not ready, why else?
The chickens are coming home to roost!
McCain want to head to Washington to save the economy? What a joke! Our economy has been taking a beating since Bush took office 8 years ago and now McCain is going to solve it in a couple of days. Were were you Mr. McCain?
Mr. Dajani is right, Bush should stand in front of the world and declare a fire-sale.
"My fellow Americans. I am here tonight to tell you that it is "Mission Accomplished".
Our saint of the Ronnie of the Reagan warned us. The Government IS the problem.
I took that straight to my Alamo-encrusted heart.
I have drowned the baby in the bath water, as my good counselor Grover Norquist so eloquently puts it.
I have killed the beast - the Federal Government.
So, go out and do me proud.
SPEND SPEND SPEND....a
(walks away, clicking his heels.....
"...and don't forget...t
The problem is magnified by the notion that he has to tell them at all. It is not as though any of this is
new news. No one's expectation needs to be any greater than the possibility of 5 or 6 actual sentences of the coherent variety. In fact, it suggests that he was as caught of guard as the least informed on the matter. Step aside folks, there is nothing to be learned here. All he has to tell is why we have to hear this now. Years late and trillions short.
How can W tell us about our debts to China, Saudi Arabia & other Gulf States? RB Cheney didn't tell W yet. RB Cheney still tells W what to say & to whom he may speak; yes, RBC also sets W's time limits. It's too bad that McCain has only Gov Palin. That may be 1 reason that the latest polls favor Obama.
LOL! ... and wrist-slittingly depressing.
THE SELLING OF AMERICA
This is what happens when foreign countries are allowed to purchase buildings, land, companies, securities, banks etc, that are American and should STAY American.
We have been sold out.......
Is this why McCain cancelled the debate and is heading to D.C. to save America? God help us!
McCain wants a "time-out". I want a "time-out" from him and from Bush. They're both in same sinking boat and they have destroyed our economy. Obama will win handily!
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