🚀 go-pugleaf

On Dec 2, 10:34 am, "FuckFort...@ss.ho" <> wrote:
> Bush sorry economic crisis has cut jobs, 401 (k)s
>
> By DEB RIECHMANN – 9 hours ago
>
> WASHINGTON (AP) — President George W. Bush expressed remorse that the
> global financial crisis has cost jobs and harmed retirement accounts
> and said he'll back more government intervention if needed to ease the
> recession.
>
> "I'm sorry it's happening, of course," Bush said in a wide-ranging
> interview with ABC's "World News," which was airing Monday. "Obviously
> I don't like the idea of people losing jobs, or being worried about
> their 401(k)s. On the other hand, the American people got to know that
> we will safeguard the system. I mean, we're in. And if we need to be
> in more, we will."
>
> The U.S. economy fell into a recession in December 2007, the National
> Bureau of Economic Research reported on Monday. Many economists
> believe the current downturn will last until the middle of 2009 and
> will be the most severe slump since the 1981-82 recession.
>
> On the war in Iraq, Bush said the biggest regret of his presidency was
> the "intelligence failure" regarding the extent of the Saddam Hussein
> threat to the United States. With the support of Congress, Bush
> ordered the U.S.-led invasion of Iraq in March 2003 — a decision
> largely justified on grounds — later proved false — that Saddam was
> building weapons of mass destruction.
>
> Asked if he would have ordered the U.S.-led invasion if intelligence
> reports had accurately indicated that Saddam did not have the weapons,
> Bush replied: "You know, that's an interesting question. That is a
> do-over that I can't do. It's hard for me to speculate."
>
> During a discussion about what Americans should know about what it is
> like to be president, Bush was asked what he was most unprepared for
> going into the office.
>
> "I think I was unprepared for war," he said. "In other words, I didn't
> campaign and say, `Please vote for me, I'll be able to handle an
> attack.' In other words, I didn't anticipate war. Presidents — one of
> the things about the modern presidency is that the unexpected will
> happen."
>
> On the presidential election, Bush called Barack Obama's victory a
> "repudiation of Republicans."
>
> "I'm sure some people voted for Barack Obama because of me," said
> Bush, who leaves office with low approval ratings. "I think most
> people voted for Barack Obama because they decided they wanted him to
> be in their living room for the next four years explaining policy. In
> other words, they made a conscious choice to put him in as president."
>
> As he leaves office, Bush said he felt responsible for the economic
> downturn because it's occurring on his watch, but he added: "I think
> when the history of this period is written, people will realize a lot
> of the decisions that were made on Wall Street took place over a
> decade or so" before he became president.
>
> He said he would like to see "instant liquidity" in the markets given
> the extent of the financial rescue plan, yet he understands that fear
> has paralyzed the markets.
>
> "It is hard for the average citizen to understand how frozen the
> system became and how over-leveraged the system became," Bush said.
> "And so what we're watching is the de-leveraging of our financial
> markets, which is obviously affecting the growth of the economy."
>
> Last week, the Bush administration and the Federal Reserve pledged
> $800 billion to break through blockades on credit cards, auto loans,
> mortgages and other borrowing. The latest moves raised U.S.
> commitments to contain the financial crisis to nearly $7 trillion —
> though no one thinks the government will actually spend that much.
>
> The figures include loans that are expected to be repaid, loan
> authorities to back mortgages, purchases of stock in banks, guarantees
> to support loans among banks and pledges backing other transactions.
>
> "This economy will recover," Bush said in the interview conducted last
> Wednesday at the Camp David, Md., presidential retreat. "And when it
> recovers, many of the assets backed by the government now will be
> redeemed, and we will — could conceivably — make money off of some of
> the holdings."
>
> Later in the interview, he said: "I can't guarantee that we'll get all
> our money back, but it's conceivable we could."
>
> http://www.google.com/hostednews/ap/article/ALeqM5hCYtFu7zZc-ScV1AHea...

I hear lots of people are planning to wait for him in the weeds of
Crawford...