Grip Your Portfolio Tightly
The Shrubbery is about to start talking about the economy again: Bush to host world leaders at crisis summit
US President George W Bush has agreed to host a summit of world leaders to discuss the global financial crisis.
Mr Bush made the announcement as he greeted French leader Nicolas Sarkozy and the president of the European Commission, Jose Manuel Barroso, at his Camp David retreat.
Mr Bush stressed that the summit, called in the wake of the worst financial crisis since the Great Depression, should not seek to undercut the basic economic principles of international capitalism.
For the sake of investors the man should just go away and shut up. Every time he talks about the economy the markets drop like a rock. They may be holding this in the US, but realistically Bush is the lamest duck the country has ever had, and no one cares what he thinks anymore.
6 comments
who?
We should be so lucky.
Bush IS the freaking crisis. They should be holding it about HIM….. (sigh)
It looks like they are scheduling it for after the election, so he may not even be included in the real discussions. Sarkozy probably arranged it that way. Everyone knows how tricky the French are.
Nice. He’s going to host a meeting of all the people who never saw the crisis coming and who kept denying there was a problem, and they are going to solve it. Sure they are.
Maybe he should invite some of the economists that saw this coming. Maybe? Nah.
With the former CEO of Goldman Sachs in charge of the US effort and a former Goldman Sachs banker running the bailout what could possibly go wrong 😈
The easiest way to get excluded from a policy position in the US is to be correct. Accurately predicting the outcome of any event, be it wars or the economy, guarantees your opinion will not be sought.
If Ken Lay hadn’t died, he would be featured regularly on the financial news shows.