Bush: 'Economy has slowed'

Bush: 'Economy has slowed'

money.cnn.com

President Bush said Friday that "it's clear our economy has slowed," hours after a government report showed a decline in payrolls for the second straight month.

But he said the long-term outlook is good, with a stimulus package enacted last month by Congress providing support for the economy.

"I know this is a difficult time for our economy," the president said. "But we recognized the problem early and we provided the economy with a booster shot."

(visit the link for the full news article)

Recognized the problem early?!?!?!?!?!?!

Wasn't it just last week or so King George was saying how the economy is just fine?

Dear George, Quit lying!

It seems it has been clear that the economy has done a lot more than just slowed down, the big government bus we've been riding on has seemingly already hit the brick wall. Now the people inside are flying towards the wall unknowingly as they keep piling debt because they "have to".

I have a feeling something BIG is in the works, and it's not good.

money.cnn.com
(visit the link for the full news article)

[edit on 3/7/2008 by DezertSkies]

reply to post by DezertSkies


Yeah, but don't worry. The Chinese Government is lending the US money for an amazing Economic Stimulus Package!


[edit on 7-3-2008 by Silenceisall]

He just few days ago tell to newspapers that there is no recession... He has no idea whats going on. Puppet he really is, and a very, very stupid one!

That's the point, the lies are so blatantly obvious but they get away with it because most people are so numb and oblivious to everything besides the primetime lineup that they don't know, don't care, or don't remeber what happened last week. I believe a fellow named Orwell is clawing his way out of the grave right now.

I'm not the least bit worried since I don't participate in the economy anyway, i could give a crap less if there's recession hyperinflation, my skills become more valuable then, and i have zero equity unless you count my 5 year old computers that i dumpster dove to obtain and my skateboard, i can feed myself off the land if it comes to that, so i got nothing to lose. It's you all that need to worry.

I patiently await the economic collapse with optimism that it'll bring change that will replace this wicked system. I'm ready when you are.

This so funny I can not stop laughing, just a week ago it was not recession now the economy is slowing well Mr. President what it is?

I think he needs to fire his personal advisor's

Or he needs to become an member of ATS.

[edit on 7-3-2008 by marg6043]

Originally posted by marg6043

I think he needs to fire his personal advisor's

Even Goebbels is rolling over.

Increasing consumer credit today = increasing delinquencies tomorrow = 30%+ default rates for critically overextended borrowers, which eventually = no more there-there for basic consumer needs.

At what point does a cascade become a waterfall?

U.S. Consumer Borrowing Rose, Led by Credit Cards

reply to post by OBE1


The fed came to the rescue again and is extending the borrowing power for the banks, they were in section last night to be able to give the good news today, the markets kind of reacted to the news, but slide again at the end of the day.

reply to post by marg6043

What impressed me most today Marg was the astonishing dollar rally on the heels of rank job loss data. In anticipation, Uncle Buck was falling out of bed this morning when the man behind the curtain suddenly appeared...stage center.

Attempts to conceal have gone the way of $3.00 diesel...the situation is that serious

It has to be that serious OBE1, but the reason we are not seen a worst scenario yet is because this is a election year and the appearances for the Republican candidate that everything is doing good under the Republican president has to be keep at all cost.

Plus everybody is waiting for the stimulus package to hit.

Originally posted by DezertSkies

Bush: 'Economy has slowed'

money.cnn.com

President Bush said Friday that "it's clear our economy has slowed," hours after a government report showed a decline in payrolls for the second straight month.

But he said the long-term outlook is good, with a stimulus package enacted last month by Congress providing support for the economy.

"I know this is a difficult time for our economy," the president said. "But we recognized the problem early and we provided the economy with a booster shot."

(visit the link for the full news article)

You know there's a one word response to this statement of Dubya's.

"Duh!"

Um, I think every American can see that due to the fact that jobs are more and more difficult to find, homes are being repossessed, cars are being repossessed. Our dollar is down verses the Canadian dollar.

Granted Marg, most Americans don't spend their days monitoring currency fluctuations/manipulation, but even on main street, it's becoming obvious that Operation Perception Management is flagging. Benefits from the Stimulus Package are already accounted for...beans, rice, and petrol.

Remember Hope Now?...then the more appropriately named Project Lifeline?

What happened?

Funny but tonight on the local news they were talking about the boost that pawn shops in the area are getting as people are taking what they have to be able to put gas in their cars.

This was in my local news, I wonder what is going to happen when is not more goods to pawn and is not gas to ride to work or no work to go to.

My husband think that local criminal acts will increase or get worst of what is right now.

Originally posted by marg6043

My husband think that local criminal acts will increase or get worst of what is right now.

I think he can bank on it Marg.

A couple days back on another board, a respected member related an incident that occurred while he was conducting business at his local coin shop recently. A woman came in to sell her gold jewelery. She said it was either sell the jewelery...or lose her home to delinquent property taxes.

At $972 an oz, who will eventually buy that Gold...perhaps even selling it for profit?

He cited this incident as anecdotal evidence. Another example of how wealth is transferred from the middle class, to the upper classes in economic downturns.

reply to post by DezertSkies


Really? He just said Economy sound for long term now he thinks its in the #ter?

Maybe he realizes the American public isn't as stupid (at least in this case) as he thinks we are.

Avoid Overcorrecting Economy, Bush says

President Bush on Saturday said the government must guard against going too far in trying to fix the troubled economy, cautioning that "one of the worst things you can do is overcorrect." Democrats said Bush was relying on inaction to solve the problem.

"If we were to pursue some of the sweeping government solutions that we hear about in Washington, we would make a complicated problem even worse -- and end up hurting far more homeowners than we help," the president said.

The economy has surpassed the Iraq war as the No. 1 concern among voters in this presidential election year amid big job losses, soaring fuel costs, a credit crisis and turmoil on Wall Street.

"In the long run, we can be confident that our economy will continue to grow, but in the short run, it is clear that growth has slowed," Bush said. He was spending the weekend at the Camp David presidential retreat in Maryland's Catoctin Mountains after delivering a speech in New York about the economy and helping raise $1.4 million for the national Republican Party.

Does anyone actually listen to this man anymore?

He is so full of # its not even funny.

The economy will grow in the long run, but in the short run its slowing.

What the hell do you know about the economy? Your daddy paid your way through Yale.

A new Bush classic:

Bush: US Is on Top of Financial Crisis

"We got it. We got it don't worry."

President Bush, trying to ease turmoil in financial markets, said Monday that his administration is "on top of the situation" in dealing with the slumping economy.
"One thing is for certain, we're in challenging times,' the president said after meeting with Treasury Secretary Henry Paulson and other senior economic advisers. "But another thing is for certain: we've taken strong decisive action."

The president commended the Fed for its urgent actions over the weekend. He said that "we've shown the country and the world that the United States is on top of the situation."

Bush, surrounded by his economic advisers at the White House, said his administration is monitoring economic developments closely.

"When need be, we'll act decisively," Bush said, without indicating any other steps his government might take.

I think he honestly has no idea what is going on and is scared #less.



VIDEO: Bush: Economy in challenging times

Errr NO George. The economy has FAILED.

Don't let the door smack you in the back of the head on your way out..

Originally posted by Nonchalant
Errr NO George. The economy has FAILED.

What I would give for some of you doom and gloom fear mongers to experience whats its like to live in an actual failed economy. You wouldn't even be able to get on the internet because you couldn't afford it.

A oncoming recession (not even here yet) /= economic failure.

Yea, reminds me of Noah and the Ark. Sad part is the doubters still drowned anyway..

Actually, reminds me of yelling fire in a crowded theater, except this time there is no fire Enjoy your fear mongering and hysteria, whatever you do don't look at the data because its going to make you upset that things aren't as bad as you hope