You Have To Destroy It To Save It
McClatchy tells us why the market lost its early momentum today: U.S. takes stake in banks; stocks soar, then fall back
WASHINGTON — President Bush on Tuesday took the wraps off a historic and reworked financial-rescue plan, confirming that the United States will take equity stakes in nine banks, backstop virtually all non-interest-bearing bank accounts and guarantee most new loans between banks.
The White House plan marks the first such deep government intervention in markets since the Great Depression. Bush noted that he didn’t take the aggressive and unusual steps lightly, stressing that “these measures are not intended to take over the free market, but to preserve it.”
Every time he talks about the economy, people are reminded he is still in the White House, and the market tanks. They should just give the message to Barney and let him take it to the press room. It would be a better photo op, and people wouldn’t be reminded of the current administration.
4 comments
When you said “Barney”, two images came to mind: Barney the Purple Dinosaur, and Barney Fife. Either would have more dignity and intelligence than the Chimperor.
Alas, both Barneys appear to have departed this mortal coil. So we’ll have to settle for a dry drunk suffering the effects of too many years of cocaine abuse :-(.
– Badtux the Chimped-out Penguin
I was thinking of the black Scottie that is forced to live in the White House. The fact that his ancestors were from the same country as the current Prime Minister of the UK adds to his credibility.
I really miss Ann Richards and Molly Ivins every time the Shrubbery appears on screen.
now that barney i like. i’ve got ancestors from the same country, i wonder if we’re in the same clan…
You would have to consult the clan’s sept book to find out. I have a great grandfather who claimed to be a Scot, but the family always said he claimed a lot of things that weren’t necessarily true.