What did you learn from Bush's Speech on Wednesday?

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Rock

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What did you learn from Bush's Speech on Wednesday?
« on: September 24, 2008, 08:03:49 pm »


 NEW YORK (CNN) -- President Bush will deliver a prime-time televised speech Wednesday night to pressure Congress to pass a $700 billion plan to bail out Wall Street, the White House announced.
President Bush will address the nation Wednesday night about the $700 billion Wall Street bailout package.

President Bush will address the nation Wednesday night about the $700 billion Wall Street bailout package.

Bush's speech is set to begin at 9:01 p.m. ET and will take just less than 15 minutes.

Federal Reserve chief Ben Bernanke warned Wednesday that the Wall Street crisis is the worst the nation has faced since the end of World War II and urged Congress to take action on a proposed bailout package.

Congress is considering whether to allow Treasury Secretary Henry Paulson to use federal funds to buy up to $700 billion in mortgage-related securities and other assets that have caused turbulence on Wall Street and have undermined credit markets worldwide.

But Paulson and Bernanke faced deeply skeptical lawmakers, including members of Bush's own party, when they pitched the plan before congressional committees Tuesday and Wednesday.Video Watch day 2 of Bernanke and Paulson's Capitol Hill testimony »

White House spokeswoman Dana Perino said Bush wants to explain the issues directly to the public.

"Americans are beginning to understand that a cold on Wall Street could infect Main Street as well," she said. "There are a lot of terms that are very hard to understand."

Perino insisted that the bailout plan is not in trouble on Capitol Hill.

"It could be the opposite," she said. "It could be that we are getting closer. We know we are asking Congress to bite off a lot, but this is not more than they can chew." Video Watch CNN's Elaine Quijano preview Bush's address »

The White House had been taken a mostly hard line during the negotiations with Congress, but it is signaling a new spirit of cooperation that suggests the administration realizes the situation is so serious that it will have to compromise in order to get something done.

"This is not take-it-or-leave-it," a senior administration official said. "We'll accept changes."

Minutes before the speech was announced, the Democratic leader in the Senate blasted Bush, accusing him of being "absent from what may well be the most important debate on economic policy in a generation."

"Where is President Bush?" Sen. Harry Reid of Nevada demanded on the Senate floor. "President Bush has sent Congress an unprecedented $700 billion bailout proposal: $700 billion straight from the pockets of every single man, woman and child in America.

"It is time for him to explain how his plan, drafted literally under the cover of darkness, will help America weather this storm."

The senior administration official said the president has been contemplating a prime-time speech for several weeks but finally decided to deliver it tonight because he believes that the situation has reached crisis stage.

"This is a bullet you only fire once," the senior official said. "We have reached a point in the process where we just have to get action."

The official said the president will also try to deal head-on with conservative criticism that he is abandoning free market principles by pushing such a large federal response.

"He will say, 'my first instinct is not to have government intervention, but now I feel that we have to have it,' " said the official.

The president will address questions about his credibility given rosy economic scenarios floated by the White House last year, the official said.

"The Fed chairman and the Treasury secretary were saying the same things as the president last year. Clearly, there has been a shift. The dynamic has changed" in recent days, the official said.
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Many remembers of Congress remain skeptical, however. Mike Pence of Indiana, a leading House conservative, said, "There is growing discontent among House Republicans."

Conservative Republicans, in particular, have expressed doubts about the bailout, saying it is a departure from free market principles.


Rock

Rock

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #1 on: September 24, 2008, 08:05:01 pm »
Quote
"He will say, 'my first instinct is not to have government intervention, but now I feel that we have to have it,' " said the official.

For Marshall law? Or finance?


Rock

Offline birgit

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #2 on: September 24, 2008, 08:06:33 pm »
For Marshall law? Or finance?


Rock

Both

The executive order is already in place
TRUTH  is  INCONTROVERTIBLE

  Malice   may  attack it
Ignorance  may  deride it
     But in the  end...
             HERE  IT IS ! 
                      ~ unknown

Rock

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #3 on: September 24, 2008, 08:07:15 pm »
http://blogs.usatoday.com/ondeadline/2008/01/bush-to-speak-a.html

Bush: "I think we can see from some of the economic data out there that the U.S. economy is basically a strong foundation."


What?

Offline munkey

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #4 on: September 24, 2008, 08:08:02 pm »
he may say that if we don't get behind it, we may be forced into Marshall law
For a boit of mindless fun
click below

Just click the link, you know you want to

Offline DCUBED

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #5 on: September 24, 2008, 08:08:08 pm »
I bet he'll be 10 minutes late. For occultist reasons of course.
“Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth.”  - Arthur Conan Doyle

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Offline lessgov2007

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #6 on: September 24, 2008, 08:09:06 pm »
From President and war criminal Bush's stand point the economy is strong.  For the rest of us it sucks!
"God is truth, trust not religious doctrine, seek the truth, and you will find God."  -Me, Kenneth

Rock

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #7 on: September 24, 2008, 08:15:37 pm »
Watch this video before you watch Bushes speech.  http://www.youtube.com/watch?v=Qj7GmeSAxXo&feature=related

Free your mind,


Rock

Offline DCUBED

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #8 on: September 24, 2008, 08:17:21 pm »
I think this is when he'll finally admit that the economy is in bad shape.  Then will praise the bailout and say that the Dems must approve of it or they will make things worse. Then he will leave a few minutes early for a 8-ball and have an orgy with a bunch of gay prostitutes.
“Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth.”  - Arthur Conan Doyle

"The individual is handicapped by coming face-to-face with a conspiracy so monstrous he cannot believe it exists." J. Edgar Hoover

Offline NWOSCUM

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #9 on: September 24, 2008, 08:25:18 pm »
A friend of mine who works at B of A in CA just told me armored cars are emptying ALL branch bank vaults as we speak.  This can't be good..............
"The receptivity of the great masses is very limited, their intelligence is small, and their power of forgetting is enormous." --Adolph Hitler, "Mein Kampf"

Rock

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #10 on: September 24, 2008, 08:25:32 pm »
President Discusses Taking Action to Strengthen America's Economy  From 2003

http://www.whitehouse.gov/news/releases/2003/01/20030107-5.html

 THE PRESIDENT: Thank you all very much. It's a windy day out there, which is -- (laughter) -- a good day for a windy speaker. (Laughter.) I'm honored to be your guest here at the Economic Club of Chicago. I want to thank Michael for the invitation. I like a short introduction; he didn't let me down. (Laughter.)

President George W. Bush speaks to the Economic Club of Chicago, Ill., about his growth and jobs plan to strengthen the American economy Tuesday, January 7, 2003. White House photo by Paul Morse For 75 years, the business leaders and the entrepreneurs in the club have helped make Chicago a prosperous and energetic city. You understand the concerns facing American workers and employers -- and you believe, as I do, that we must address those concerns honestly and aggressively.

Today in Washington, a new Congress convenes -- and I will ask members of both parties to work with me to secure our economic future. We cannot be satisfied until every part of our economy is healthy and vigorous. We will not rest until every business has a chance to grow, and every person who wants to find work can find a job. So today, I'm announcing a growth and jobs plan to strengthen America's economy -- specific proposals to increase the momentum of our economic recovery.

And this is a good city to give it in. This is one of America's great cities. And one of the reasons why is because you have a great Mayor in Richard Daley. (Applause.) We're from different political parties, but we have some things in common: We both married above ourselves. (Laughter.) It is good to see the First Lady of Chicago here. Thank you for coming. (Applause.) We both have famous and influential brothers. (Laughter.) Our dads spent a little time in politics. (Laughter.) And we love our country more than we love our political parties. (Applause.)

The thing I like most about the Mayor is he gets the job done for the people of Chicago. And, Mr. Mayor, I'm proud to call you friend. (Applause.)

And I want to thank another proud son of Chicago, Rod Blagojevich, for being with us today, as well. He's soon to have the second best job in America, being a governor. I congratulate him on his election. I look forward to working with him for the good of Illinois and for the good of our country. Thank you for coming, Governor-elect. I appreciate you being here. (Applause.)

I flew in today with the Senator from Illinois, Peter Fitzgerald. I appreciate his leadership; I appreciate his friendship. And as we speak, the Senate is debating the Fitzgerald bill which will extend unemployment benefits to those who are looking for work in America. And, Peter, I want to thank you for your leadership on this important issue. (Applause.)

And on that very same airplane was traveling with me Steve Friedman, who is the new Director of the National Economic Council. I'm honored that such a respected economic leader has agreed to join my administration. I appreciate the fact that he's willing to take time away from a comfortable private life to serve our country. He is a strong addition to a great economic team, and I want to thank him for his willingness to serve America. Thank you for coming, Steve. (Applause.)

I've also named two other good people to join this team. John Snow is my nominee to serve as the Secretary of Treasury. Bill Donaldson is my nominee to be the chairman of the Securities and Exchange Commission. They will fill essential positions in my administration, and I urge the Congress to confirm them quickly.

As the new Congress meets today, our duties to this nation are clear. We have a responsibility to meet great dangers to our country, wherever they gather. We will continue to hunt down the terrorists all across the world. Cell by cell, we are disrupting their plans. One by one, we're showing these merciless killers the meaning of justice.

We're also confronting the outlaw regime in Iraq that lives by violence and deception, and is arming to threaten the civilized world. The world's demands are clear: For the sake of peace, Saddam Hussein must disarm himself of all weapons of mass destruction, and prove that he has done so. Should he choose the other course, in the name of peace, the United States will lead a coalition of the willing to disarm the Iraqi regime of weapons of mass destruction and free the Iraqi people. (Applause.)

And we're dealing with North Korea, as well. It's a regime that has expelled international inspectors and is attempting to defy the world through its nuclear weapons program. The United States and other nations will confront this threat, as well. In this case, I believe that by working with countries in the region, diplomacy will work. We have no aggressive intent, no argument with the North Korean people. We're interested in peace on the Korean Peninsula.

As we deal with the dangers of our time, different circumstances require different strategies. Yet our resolve in each case will be clear: We will not permit any regime to threaten the freedom and security of the American people, or our allies and friends around the world. (Applause.)

Even as we confront these dangers, you need to know I know we have needs here at home, especially the need for a vigorous and growing economy. Too many Americans today are wondering about our economy. They're asking, how is the economy really doing? Well, the American economy is the strongest and most resilient economy in the world. In spite of the terrible shocks that our nation has received, our economy is growing -- and the entrepreneurial spirit in America is strong.

We've made great progress these past two years. Remember, in the summer of 2000, during the presidential campaign, the market had started on a steady decline. Job growth started to dwindle. The economy had begun to slow. When I took office, the signs of recession were real.

So I worked with the United States Congress to reduce income taxes for everyone who pays them -- more than 100 million individuals, families, and sole proprietorships received tax relief. This tax relief was the largest in a generation, and it gave the economy a boost just at the right time, ensuring that the recession was one of the shortest and shallowest in modern American history.

Americans should be able to count on those tax cuts as they plan their financial futures. So I will continue to press the Congress to make these tax cuts, including the end of the death tax, permanent. (Applause.) We know that tax cuts worked, and Americans deserve to know their tax cuts will not be taken away. (Applause.)

We faced a second test with the attacks of September the 11th, 2001. These attacks caused terrible suffering, and a massive disruption of the economy. Flights were canceled. Many hotels and stores were empty. Stock trading was halted for nearly a week. So we acted -- we reopened the markets; we helped the people of New York City recover; we assisted the airlines; we provided tax incentives for business investment; and we passed terrorism insurance, so building and real estate projects could go forward.

And then our economy was tested a third time, when Americans discovered serious abuses of trust by some corporate leaders. So we passed historic reforms to assure corporate integrity, to punish wrongdoers, and defend the interests of workers and investors. Corporate greed and malfeasance cause innocent people to lose their jobs, their savings, and often their confidence in the American system. For the sake of justice, and for the sake of every honest business in America, I have made this my commitment: Corporate misdeeds will be investigated; they will be prosecuted; and they will be punished. (Applause.)

We have met the tests before us because the American people have worked hard through difficult times. And now our country has entered its second year of economic growth. Our trade with other nations is expanding, bringing lower prices that come from imports, and better jobs that come from exports. More Americans are buying and building houses -- a central part of the American Dream. The homeownership rate is now 68 percent, close to the highest ever. Low interest rates have allowed Americans to tap the rising value of their homes. In 2002, refinancings added more than $100 billion to American pocketbooks, money that helped renovate homes, or pay off debt, or cover tuition, or purchase other goods.

The most important indicator of our economic strength is the growing skill and efficiency of the American worker. The productivity of American workers went up by 5.6 percent over the last four quarters for which we have data, the best increase since 1973. As productivity rises, so do wages, and our standard of living. Nationwide, incomes are rising faster than inflation.

We have the most productive, creative and promising economic system the world has ever seen. (Applause.) America sets the standard for scientific research, engineering skill and medical innovation. Our companies and universities attract talent from every single continent. Investors from around the world know America is the safest place to put their money. People around the world who search for a better life still dream of working and living in the United States of America. (Applause.)

All these conditions create a platform for long-term growth and prosperity. Yet, in spite of successes, we have more work to do, because too many of our citizens who want to work cannot find a job. And many employers lack the confidence to invest and create new jobs.

We can help assure greater success tomorrow with the policies we choose today. Now, these policies must recognize that our $10-trillion economy is sustained by the labor and enterprise of the American people. Government spends a lot of money, but it doesn't build factories, it doesn't invest in companies, or do the work that makes the economy go. The role of government is not to manage or control the economy from Washington, D.C., but to remove obstacles standing in the way for faster economic growth. That's our role. (Applause.)

And those obstacles are clear. Many jobs are lost in America because government imposes unreasonable regulations, and many jobs are lost because the lawsuit culture of this country imposes unreasonable costs. (Applause.)

I will continue to press for legal and regulatory reform. But today -- today I want to talk about these concerns: Americans carry a heavy burden of taxes and debt that could slow consumer spending. I'm troubled by that. I'm also troubled by the fact that our tax system unfairly penalizes some productive investments. And I worry about people who are out of work; they need our help, both in short-term benefits and long-term opportunity. By directly confronting each of these challenges, we can preserve the hard-won gains our economy has made and advance toward greater prosperity.

Our first challenge is to allow Americans to keep more of their money so they can spend and save and invest -- the millions of individual decisions that support the market, that support business, and help create jobs.

Consumer spending accounts for about 70 percent of our economy. It has been the driving force of our recovery. Yet there are warning signs I won't ignore, and I hope the Congress doesn't ignore either. Many Americans live in constant and increasing personal debt, with credit card bills so heavy they often cannot pay much more than the monthly minimum. Millions of citizens spend their entire adult lives living paycheck-to-paycheck, never getting a chance to save for their children's education or their own retirement. Americans today are paying about a third of their income in taxes. All of this puts pressure on family budget, and therefore clouds our economic future.

Americans facing these struggles are due to receive additional tax relief in 2004, and again in 2006. Republicans and Democrats in Congress already approved these rate reductions. And the time to deliver the tax rate reductions is now, when they can do the most good for the American businesses. (Applause.)

For the sake of economic vitality, I'm asking Congress to make all the tax rate reductions effective this year. (Applause.) The tax cuts should be retroactive to January 1st. (Applause.) Upon passage I'll order the Treasury Department to immediately adjust the amount of money withheld for income taxes, so that Americans will keep more of their paychecks right away. (Applause.) By speeding up the income tax cuts, we will speed economic recovery and the pace of job creation. If tax relief is good enough for Americans three years from now, it is good enough for Americans today. (Applause.)

An additional beneficiary of this tax cut will be small businesses. About 30 million Americans include small business income when they file their individual tax returns with the IRS. Faster tax relief will help these businesses to expand sooner, to hire new people faster, and to build a stronger foundation for the recovery.

We also know that middle-income families need additional relief. So today I'm asking Congress to speed up three other tax reductions promised in 2001 -- tax reductions that will help our middle-income families. Instead of slowly reducing the marriage penalty until 2009, we should do it now, to help 35 million married couples. Instead of waiting until 2008 to move more taxpayers from the 15 percent bracket to the lowest bracket of 10 percent, we should make that change now and help 2 million working Americans. And instead of gradually raising the child tax credit from $600 to $1,000 per child by the year of 2010, for the benefit of 26 million families, we should raise it now. (Applause.)

These tax reductions will bring real and immediate benefits to middle-income Americans. Ninety-two million Americans will keep an average of $1,083 more of their own money. A family of four with two earners and $39,000 in income will receive more than $1,100 in tax relief -- real money to help pay the bills and push the economy forward. And the sooner Congress acts, the sooner the help will come. (Applause.)

Taken together, these income tax cuts will put an additional $70 billion to work in the private economy over the next 18 months. And there's no better way to help our economy grow than to leave more money in the hands of the men and women who earned it.

Our second challenge is to encourage greater investment by individuals and small business -- the kind of investing that builds personal wealth and helps company expand and creates new jobs.

We are increasingly a nation of owners, who invest for retirement and the other financial challenges of life. One-half of American households own stock, either directly or through pension funds. And we have an obligation to make sure -- now more than ever -- that American investors are treated fairly.

We can begin by treating investors fairly and equally in our tax laws. As it is now, many investments are taxed not once, but twice. First, the IRS taxes a company on its profit. Then it taxes the investors who receive the profits as dividends. The result of this double taxation is that for all the profit a company earns, shareholders who receive dividends keep as little as 40 cents on the dollar.

Double taxation is bad for our economy. Double taxation is wrong. Double taxation falls especially hard on retired people. About half of all dividend income goes to America's seniors, and they often rely on those checks for a steady source of income in their retirement.

It's fair to tax a company's profits. It's not fair to double-tax by taxing the shareholder on the same profits. So today, for the good of our senior citizens, and to support capital formation across the land, I'm asking the United States Congress to abolish the double taxation of dividends. (Applause.)

The benefits of this tax relief will be felt throughout the economy. Abolishing double taxation of dividends will leave nearly 35 million Americans with more of their own money to spend and invest, which will promote savings and return as much as $20 billion this year to the private economy.

By ending this investment penalty we will strengthen investor confidence. See, by ending double taxation of dividends, we will increase the return on investing, which will draw more money into the markets to provide capital to build factories, to buy equipment, hire more people.

We must also encourage the investments that help turn small businesses into larger ones. Small businesses create the majority of new jobs in America, and they account for half the output of the economy. Currently, tax law permits small firms to write off as expenses up to $25,000 worth of equipment -- like computers or machinery that they need. I'm asking the Congress to raise that limit to $75,000, and index that number for inflation. This change, together with the faster rate reductions, will benefit more than 23 million small business owners. My view is this economy can thrive only if our small businesses thrive. And we will provide them every incentive to grow and create more jobs.

A third challenge facing our country is the need to help unemployed workers and prepare them for the new jobs of a growing economy. The unemployment rate today is 6 percent. That's low for an economy coming out of recession; it's higher than it should be -- and the unemployment rate is projected to rise even further in the short run.

This hardship is concentrated in certain regions and in certain industries. Manufacturing jobs have declined for 28 months in a row. You know what I'm talking about here in the Midwest. You're showing signs of recovery here, yet many people here and across this country are still looking for work.

A woman in Arkansas tells a typical story. She talked about the fact that her husband was laid off from his job at a local steel mill. And both she and the husband have been looking for a job for quite a while. Here's what she said: "There's just nothing for me to find. We're trying to save up what little money we have and move to another community and look for jobs there." Got to be worried about those kind of stories here in America. As we encourage long-term growth, we will not forget the men and women who are struggling today.

Close to 70,000 workers each week exhaust their unemployment benefits -- and we have an obligation to help our fellow citizens. So I'm asking this new Congress to extend unemployment benefits that expired on December the 28th. And the benefits Congress approves should be retroactive, like the Fitzgerald bill, so that people who lost their benefits last month can receive their benefits in full. Helping America's unemployed workers should be a first order of business in the new Congress -- and it looks like it's going to be.

We must be more creative when we help those who have the hardest time finding work. To encourage innovation and more choices, and to help those who are out of work find the dignity of a new job, today, I'm unveiling a new approach to helping unemployed Americans through Personal Re-employment Accounts. Under this new program, Americans who face the greatest difficulties in finding work will receive up to $3,000 to use in their job search. They will have great flexibility in how they use that money. A person with a Re-Employment Account will be able to decide whether to use the funds for job training, or child care, or transportation, or even to cover the costs of relocating to another city for a new job. If the job is obtained quickly -- within 13 weeks -- the worker will be able to keep the cash balance as a "Re-employment bonus."

As we see new economic growth, we will need well-trained workers to fill new jobs. So I'm going to ask the Congress to provide $3.6 billion to the states to pay for the Re-Employment accounts -- enough money to help more than a million unemployed men and women across America. In order to strengthen this economy in the future, we must help these Americans today.

The jobs and growth proposals I've outlined today are a focused plan to encourage consumer spending, to promote small business growth, to boost confidence in our markets, and to give critical help to unemployed citizens. Overall, this growth package will reduce the tax burden of Americans by $98 billion this year and $670 billion over the next decade. I proposed a bold plan because the need for this plan is urgent, and I urge the Congress to act swiftly and pass this bill. (Applause.)

Our nation has seen two years of serious and steady challenges. The recession and the decline in the stock market slowed earnings and cut into tax revenues and created a budget deficit. And in this time of war, I can assure you this government is spending what is necessary to win the war. (Applause.) But the Congress must also understand this: The American people deserve and expect spending discipline in Washington, D.C. (Applause.) With spending discipline and with pro-growth policies, we will expand the economy and help bring down this deficit.

This growth and jobs package is essential in the short run; it's an immediate boost to the economy. And these proposals will help stimulate investment and put more people back to work, is what we want to have happen. They are essential for the long run, as well -- to lay the groundwork for future growth and future prosperity. That growth will bring the added benefit of higher revenues for the government -- revenues that will keep tax rates low, while fulfilling key obligations and protecting programs such as Medicare and Social Security.

We're meeting the challenges to America. We're strengthening our economy, and we're taking a battle to our enemies. And we're not going to leave our work half-finished. In the months ahead, we'll confront every threat to the safety and security of the American people. We'll press on to turn our recovery into lasting growth and opportunity that reaches every corner of America. By the courage and by the enterprise of the American people, this great nation will prosper. And there's no doubt in my mind this great nation we'll prevail.

May God bless you all, and may God bless America. (Applause.)

Offline california

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #11 on: September 24, 2008, 08:27:15 pm »
The one minute after thing is soooooooooooo  weird and no doubt Satanic. Numerology or something.
Thank God we woke up.

Rock

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #12 on: September 24, 2008, 08:31:47 pm »
Bush Gets Premiere-Week Time for Speech on Economy

http://www.broadcastingcable.com/article/CA6599113.html



President Bush asks for 12-14 minutes Wednesday at 9 p.m. to follow testimony Wednesday afternoon on Hill by Treasury Secretary Henry Paulson.
By John Eggerton -- Broadcasting & Cable, 9/24/2008 4:26:00 PM

The White House asked for airtime Wednesday night for a speech on the growing financial crisis -- but, somewhat surprisingly given the gravity of the situation, not enough time to throw the networks entirely off-stride during premiere week.
President George W. Bush

According to CNN, the president asked for 12-14 minutes Wednesday at 9 p.m. His speech would follow testimony Wednesday afternoon on the Hill by Treasury Secretary Henry Paulson, who said that if Congress does not allow the government to buy up bad loans, it could have a devastating effect on the economy. Paulson acknowledged that the American public was troubled and, in some cases, angry.

A spokesman for ABC, which has a two-hour David Blaine special scheduled to start at 9 p.m., said Charlie Gibson would anchor its coverage of the speech, which would start just before the speech and end "pretty soon" afterward.

Brian Williams will anchor for NBC, which will also likely not stick around for much analysis, according to a source, given that it is premiere week.

NBC's MSNBC will also cover the speech and provide analysis until about 9:30 p.m., an NBC spokesman said. Rachel Maddow will host MSNBC’s coverage.

Katie Couric will anchor CBS News’ coverage of the speech beginning at 9 p.m., but there was no word on how much time that network would give it. The speech will also be carried live by CBS Radio News and CBSNews.com.

Fox News Channel will cover the speech then throw it to Hannity & Colmes, which airs from 9 p.m.-10 p.m.

angndon

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #13 on: September 24, 2008, 08:31:59 pm »
Did you hear that Bush now wants to meet with Obama and McCain privately w/ congress in the morning.  Hmmm wonder what he's going to tell them.

You know I have to wonder if McCain knows what's coming or better yet he got the "memo" and had a "senior moment" and spilled the beans!

"Oops did I say suspend the election, I meant suspend the campaign".... LOL

Offline rustygunn

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #14 on: September 24, 2008, 08:37:11 pm »
Did you hear that Bush now wants to meet with Obama and McCain privately w/ congress in the morning.  Hmmm wonder what he's going to tell them.

You know I have to wonder if McCain knows what's coming or better yet he got the "memo" and had a "senior moment" and spilled the beans!

"Oops did I say suspend the election, I meant suspend the campaign".... LOL

He wants to relay to them what he learned at the UN yesterday.

angndon

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #15 on: September 24, 2008, 08:37:18 pm »
On this day in history (september 24)

Events

    * 622 - Prophet Muhammad completes his hegira from Mecca to Medina.
    * 1180 - Manuel I Komnenos, last Emperor of the Komnenian restoration dies. The Byzantine Empire slips into terminal decline.
    * 1664 - The Netherlands surrenders New Amsterdam to England.
    * 1789 - The office of the Attorney General of the United States of America, and the United States Post Office Department, are established.
    * 1841 - The Sultan of Brunei cedes Sarawak to Britain.
    * 1852 - The first airship powered by (a steam) engine, created by Henri Giffard, travels 17 miles (27 km) from Paris to Trappes.
    * 1869 - "Black Friday": Gold prices plummet after Ulysses S. Grant orders the Treasury to sell large quantities of gold after Jay Gould and James Fisk plot to control the market.
    * 1877 - Battle of Shiroyama, decisive victory of the Imperial Japanese Army over the Satsuma Rebellion
    * 1890 - The Church of Jesus Christ of Latter-day Saints officially renounces polygamy.
    * 1903 - Edmund Barton steps down as Prime Minister of Australia and is succeeded by Alfred Deakin.
    * 1906 - U.S. President Theodore Roosevelt proclaims Devils Tower the nation's first National Monument.
    * 1935 - Earl Bascom and Weldon Bascom produce the first rodeo ever held outdoors under electric lights at Columbia, Mississippi
    * 1946 - Cathay Pacific Airways is founded in Hong Kong
    * 1947 - Majestic 12 is allegedly established by secret executive order of President Harry Truman
    * 1948 - The Honda Motor Company is founded.
    * 1950 - Forest fires black out the sun over portions of Canada and New England. A Blue moon (in the astronomical sense) is seen as far away as Europe.
    * 1957 - Camp Nou, the largest stadium in Europe, is opened in Barcelona.
    * 1957 - President Dwight D. Eisenhower sends 101st Airborne Division troops to Little Rock, Arkansas, to enforce desegregation.
    * 1962 - United States court of appeals orders the University of Mississippi to admit James Meredith.
    * 1973 - Guinea-Bissau declares its independence from Portugal.
    * 1990 - Periodic Great White Spot observed on Saturn
    * 1994 - National League for Democracy is formed by Aung San Suu Kyi and various others to help fight against dictatorship in Myanmar.
    * 1996 - U.S. President Bill Clinton signs the Comprehensive Nuclear-Test-Ban Treaty at the United Nations.
    * 2005 - Hurricane Rita makes landfall in the United States, devastating Beaumont, Texas and portions of southwestern Louisiana.

Offline NWOSCUM

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #16 on: September 24, 2008, 08:41:51 pm »
A friend of mine who works at B of A in CA just told me armored cars are emptying ALL branch bank vaults as we speak.  This can't be good..............


Vaults are empty. >:(
"The receptivity of the great masses is very limited, their intelligence is small, and their power of forgetting is enormous." --Adolph Hitler, "Mein Kampf"

Offline L2Design

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #17 on: September 24, 2008, 08:51:45 pm »
I bet he'll be 10 minutes late. For occultist reasons of course.

OMG yeahhhhh he will...

Offline CaptBebops

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #18 on: September 24, 2008, 08:57:10 pm »
Who's "Marshall Law?"  Is this a new TV series about a sheriff or something?  I think you mean "martial law?"   ;)

Offline XR500Final

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #19 on: September 24, 2008, 09:04:30 pm »
A friend of mine who works at B of A in CA just told me armored cars are emptying ALL branch bank vaults as we speak.  This can't be good..............

THIS IS CRITICAL INFORMATION - IT MEANS THAT THEY HAVE ALREADY DECIDED TO 'REJECT' THE BAILOUT BY DESIGN, AND THEN CRASH THE ECONOMY.  THE BANKS ARE GETTING READY TO SHUT DOWN.

Boubear

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #20 on: September 24, 2008, 09:08:31 pm »
Someone please tell us what he's saying.  I can't watch it here, so please fill us in!! :)

Offline L2Design

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #21 on: September 24, 2008, 09:09:30 pm »
Abbas to meet Bush on Sept 25

http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/International/15-Sep-2008/Abbas-to-meet-Bush-on-Sept-25

........................................................

I'll ask my BofA banker friend about the empty vaults question... ughhhhh

Rock

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #22 on: September 24, 2008, 09:15:22 pm »
This speech was so empty.



Rock

Offline NWOSCUM

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #23 on: September 24, 2008, 09:16:00 pm »
WTF......Bush looked like a SNL or MAD TV spoof...............doomed I say!!!!
"The receptivity of the great masses is very limited, their intelligence is small, and their power of forgetting is enormous." --Adolph Hitler, "Mein Kampf"

Offline pac522

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #24 on: September 24, 2008, 09:16:23 pm »
This speech was so empty.



Rock

A whole lot of words, not saying anything.
This country did not achieve greatness with the mindset of "safety first" but rather "live free or die".

Truth is the currency of love. R[̲̅ə̲̅٨̲̅٥̲̅٦̲̅]ution!

We are all running on Gods laptop.
The problem is the virus called the Illuminati.  ~EvadingGrid

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Offline Kregener

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #25 on: September 24, 2008, 09:16:37 pm »
Quote
Someone please tell us what he's saying.

"Mucho tumble parachute jumping. Klepto dinner have swaddling lineage with heavy forceps target latitude."

To summarize...
Going to church does not make you a Christian any more than going to a hospital makes you a doctor.

Stop thinking in terms of left and right and start thinking in terms of right and wrong

Offline DCUBED

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #26 on: September 24, 2008, 09:16:43 pm »
So basically he wants to give the Federal Reserve more power. He said the Fed should have oversight over all banking and mortgage institutions.  
“Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth.”  - Arthur Conan Doyle

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Offline AlexJrocks

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #27 on: September 24, 2008, 09:17:23 pm »
WTF......Bush looked like a SNL or MAD TV spoof...............doomed I say!!!!

You saw him smirk moments prior to his speech, and then moments afterwards, he did it again.

You just can NOT take this guy seriously-just NO sense of urgency over this "crisis". >:(

Rock

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #28 on: September 24, 2008, 09:17:31 pm »
Things like...."we need to come together."

Say what?



Rock

Offline Kregener

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #29 on: September 24, 2008, 09:17:36 pm »
Stucking funned is what I am...
Going to church does not make you a Christian any more than going to a hospital makes you a doctor.

Stop thinking in terms of left and right and start thinking in terms of right and wrong

Offline 70983

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #30 on: September 24, 2008, 09:19:24 pm »
It is impossible for the MARKET to not work!

How can a person say that the MARKET is not working, and then condone FREE MARKET CAPITALISM?

Can you say controlled speech?
Ray McBerry for Governor of Georgia in 2010!  Reclaim the sovereignty of the States!

http://www.georgiafirst.org

Youtube Channel:  http://www.youtube.com/user/RayMcBerry

He has many informative videos advocating his candidacy.

Offline MarkCentury

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #31 on: September 24, 2008, 09:19:47 pm »
This speech was so empty.



Rock

Not empty ... just a friendly veneer on what we all know is total financial enslavement.

Read Paulson's blueprint here:

http://www.treasury.gov/press/releases/reports/Blueprint.pdf

It's a total power grab by the Fed.

Everyone must call their congressman and Senators and say NO!  

If your representatives are up for election explain that if they pass the requested legislation that you will not vote for them.
"Awake to a sense of your awful situation, because of this secret combination which shall be among you ... that seeketh to overthrow the freedom of all lands, nations, and countries; and it bringeth to pass the destruction of all people"  Ether 8:24-25

Offline Draskinn

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #32 on: September 24, 2008, 09:19:56 pm »
Well that was a lot of the usual fear mongering I’ve come to expect from our President.

If Wall Street doesn’t get the money things will get worse…

Fear!

FEAR!!!

FFFFFEEEEAAAAAAAARRRRRRRRR!!!!!!!!!!!!!!!!
I’m getting a little tired of living in interesting times.  “Draskinn”

Offline DCUBED

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #33 on: September 24, 2008, 09:19:58 pm »
He also said that he wrote up the plan. Like we are to believe that he actually wrote this up.
“Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth.”  - Arthur Conan Doyle

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Rock

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #34 on: September 24, 2008, 09:20:18 pm »
$700,000,000,000 will fix it all?

It's not just 700 billion.  It is a 700 billion dollar cap for an unending cyclical loan.  Lets say what it is.

A 10 trillion dollar loan.


Rock

Offline Loungin

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #35 on: September 24, 2008, 09:23:17 pm »
$700,000,000,000 will fix it all?

It's not just 700 billion.  It is a 700 billion dollar cap for an unending cyclical lone.  Lets say what it is.

A 10 trillion dollar loan.


Rock

Paulson said that they would not be reusing funds.  The funds would go "back to the taxpayers".   HOWEVER, I did not hear a question about using a "fresh" 700 billion.  Only that the proceeds from sold assets would not be reinvested.

Offline creat3d

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #36 on: September 24, 2008, 09:24:49 pm »
What if this 700 bn plan was set up to be rejected/fail from the beginning?
What if it was simply a way of saying "Let's try something... what, bad idea? Alright then, we're f**ked!"

Offline point

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #37 on: September 24, 2008, 09:26:33 pm »
700B is about $2500 per person in the US.  I think $2500 right now would take care of any economic let down going on.  Of course thats too easy and works, why would that ever be on the table?

Rock

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Offline Kregener

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Re: Bush's speech is set to begin at 9:01 p.m
« Reply #39 on: September 24, 2008, 09:30:38 pm »
Just got in my e-mail about 30 minutes ago. I 'doctored' it just a tad...
 ;)
++++++++++++++

I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 to the American people in a We Deserve It Dividend.

To make the math simple, let’s assume there are 200,000,000 bona fide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up.

So divide 200 million adults 18+ into $85 billion that equals $425,000.00 each.

My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.

Of course, it would NOT be tax free. So let’s assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?
 
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it'll be there
Save in a bank – create money to lend to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Buy a bunch of firearms and a ton of ammo!
 
Think McCain will suspend his campaign to 'go work on this'?
Going to church does not make you a Christian any more than going to a hospital makes you a doctor.

Stop thinking in terms of left and right and start thinking in terms of right and wrong