Bush scraps comments on financial crisis

Wednesday 17th September, 05:59 AM JST

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Good_Jorb at 06:27 AM JST - 18th September

Remarks defending a person who reached back a decade to attack Bill Clinton for the current Wall Street debacle.

The Wall Street debable didn't just occur overnight, it was essentially a snowball of greed(started in 1913) that rolled down a mountian, gaining in size and speed and then plowed into the people at the bottom of the hill. Everyone since 1913 inculding Clinton could have stopped it or slowed it down but instead pushed the snowball to make it go that much faster. The part that Bush is responsible for is that because of the war in Iraq, the US had to transfer a portion of it's wealth to other Countries to pay for the war. Now there is not enough money to stop the people hit by the snowball from hemoraging.
Badsey at 06:31 AM JST - 18th September

bringing back the draft will end this war, in fact bringing back the draft may end all future U.S. Wars. I am all for a fair and equal draft with everyone from 18-65 with their name in the hat. (men, women and politicians) (President + VP excluded)

This financial downturn is the product of years of political work. Thank you Congress/Senate/President and Financial CEOs for making it happen. Hopefully with the raise in taxes you can find other ways to destroy the American economy.
Good_Jorb at 06:56 AM JST - 18th September

Thank you Congress/Senate/President and Financial CEOs for making it happen.

Don't forget every house buyer who knowingly over leveraged themselves to buy houses, in hopes of a quick sale.
taniwha at 07:03 AM JST - 18th September

bringing back the draft will end this war

I think the it will be far more likely to FEED "this war".

Reinstating the draft is one way the US government has of dealing with the outcome of the financial crises. It soaks up the large pool of young unemployed. It focuses the population on the growing foreign nemesis the country is supposedly at war with, and away from the reality of what is happening internally.

Obama's comments recently are a clear indication his intention is to see the military draft reinstated while in his first term in office. Obama is quite simply a handpuppet for a faction of the ruling elite, the 'Liberals'. McCain on the other hand represents the extreme right who now form the core of the Republicans, and he most certainly will have to reinstate the draft to fight this call to war ringing through his speeches.
Badsey at 08:17 AM JST - 18th September

If all people are forced into the draft nobody would want this war. As of now you have 1% fighting a war that nobody really wants to fight. =the 1% are forgotten and everybody else goes on with their lives = that's not fair.

These financial CEOs, Hedge-Funders,, Liberals, Clintoncrats, and brokers should be the first to get drafted as part of their Gov buyout.
taikan at 08:40 AM JST - 18th September

Remarks defending a person who reached back a decade to attack Bill Clinton for the current Wall Street debacle.

Yabits -- Nippon5 didn't attack Bill Clinton. He merely said that the law was changed during the Clinton administration. That's correct. The Gramm-Leach-Bliley Act, which essentially repealed the Depression-era Glass-Steagall Act that had limited the types of businesses in which banks could be involved, was passed in 1999 by the 106th Congress. At the time, the Republicans had a 54-46 majority in the Senate, and a 223-211 majority in the House (with one independent).

The real problem is that the Depression-era generation pretty much died out, and those who came after them thought the Depression-era limits on speculative activity were too restricting. There's a lesson to be learned from this that can be applied to a wide variety of things, including not only the regulation of financial markets (in the US and in Japan), but also whether Article 9 of the Japanese Constitution should be repealed.
taniwha at 09:01 AM JST - 18th September

Badsey

If all people are forced into the draft nobody would want this war.

"All" people would not be drafted, and neither would just anyone. Historically those that get drafted are the ones that lack the means to avoid it. The other point is most Americans are against the war now. Polls clearly showed this to be the case just prior to the last presidential election.

Obama began by playing to the anti-war sentiments expressed by the majority of Democrat supporters. But it was evident even then he had no intention of pulling out of the 'War on Terror'. His calls for change are meaningless in any anti-war context. So far as the economy goes Obama equally has nothing to offer the average American.

The whole deal about Bush not being able to comment on this financial crises is because no comment a president can make is able to undo what is already done. This crises is symptomatic decades of political decision making that has always served the interests of a financial elite. The results have got us all into deep doggy do-dos and it is the average citizen who is going to be forced to pay.

Bush, McCain, or Obama, no president can fix this mess so long as they are upholding the interests of a financial elite above the interests of everyone.

These financial CEOs, Hedge-Funders,, Liberals, Clintoncrats, and brokers should be the first to get drafted as part of their Gov buyout.

I sympathize with your sentiments.
Badsey at 09:15 AM JST - 18th September

This financial fall-out has probably done what a draft could not -> it has ended the Iraq war.

The almighty dollar has spoken and has done what the Dems could not.

This War will be over Badsey
taniwha at 09:29 AM JST - 18th September

Badsey

You have GOT to be kidding. The Iraq war over? I don't think so not by any stretch of the imagination. Iraq is extremely unstable.
Alinsky4prez at 03:13 PM JST - 18th September

Obama is quite simply a handpuppet for a faction of the ruling elite, t

We need names, taniwha.Barack has spent the last few days in LA. I sincerely hope you are not implying that Barbara Streisand, one of the most astute political minds in America, is in actuality some kind of stooge sent by these higher powers you refer to and she too has been actively misleading Barack.It would be too much to bear.

Name names or else stop tormenting us.
zurcronium at 10:13 PM JST - 18th September

Bush commenting on the economy is like a child molester commenting on Montessori. It just aint pretty.

68% in US now dissaprove of the boy blunderer, highest ever recorded. It will be higher before he leaves. Only the bible tnumpers will still love their miserable failure.
zurcronium at 10:20 PM JST - 18th September

Taniwa, If 8 years of bush has not taught you that who is president matters then you will never learn anything. You think Gore would have invaded Iraq?

Nader and his trite ideas are over and done with, he is so 2000. And so responsible for the last 8 years as well which destroyed his legacy of consumer protection advocacy. I wonder how he sleeps at night knowing he let bush win in Florida due to his egomaniacal behavior.
jwills79 at 07:31 AM JST - 20th September

Bush's legacy will be like Hoover for the new millenium.

I don't think Nader really cares about Bush winning. I think he just wants to be in the spotlight. I think he will be rising from the ashes again for this election. I also believe his appearance will hurt McCain more than Obama.
zurcronium at 04:24 PM JST - 20th September

jwills,

nader is getting zero coverage in the US as far as I can tell. He is like an ugly rash that comes back every four years. I think his impact on this election well be zero as well.

In 2000, when he did matter, he gave the election to bush. For that liberals will never, never forgive him.
helloklitty at 01:24 AM JST - 22nd September

Bush isnt the reason something happened to the Financial markets,

Watch this video and see if you agree: http://www.brasschecktv.com/page/291.html

It's a seven-minute video about why Eliot Spitzer was taken out of the picture for exposing Bush's part in the predatory lending industry.

Look at his father's involvement in the Savings and Loan crisis. Do you think it's just happenstance that a Bush is involved every time the U.S. banking industry falls into a black hole?