Sunday, November 16, 2008

Predictable Disaster of George W. Bush

By Robert Parry
November 16, 2008

In his trademark goofy way, George W. Bush explained why he supported a bailout of the U.S. financial markets, saying he was “a free-market person, until you're told that if you don't take decisive measures then it's conceivable that our country could go into a depression greater than the Great Depression.”

Read on.

5 comments:

Henry Pelifian said...

Mr. Parry makes an excellent observation that our mainstream press and television have not revealed the dimensions of the incompetence and misjudgments of the Bush Administration by citing its many failures. It appears that mainstream press and television news are practicing self-censorship.

The mainstream press and television news which primarily informs the public about junk news and avoids providing facts and information that demonstrate government failures provides the foundation for a puny democracy.

fact checker said...

This right here is a succinct summation of what is happening to OUR MONEY!

B/R said...

You conclude, "Though the U.S. press corps is loath to examine history . . . George W. Bush and his reverse-Midas touch managed to turn a relatively golden U.S. economy to dross in just eight years. It was all predictable."

Here here. But not explored in this commentary (and begging another) is the media's current role in cheerleading a presence in Afghanistan (indeed an intensification there) as if it is a given. This is the trap President-Elect Obama seems to be stepping toward. What about history redux?

fact checker said...

Trap? What trap? Obama made himself perfectly clear -- unless he was lying. Additionally, he suggested preemptive strikes against Pakistan.

Obama announced a plan — if elected — to deploy an additional 7,000 troops to Afghanistan. "As president, I would pursue a new strategy, and begin by providing at least two additional combat brigades to support our effort in Afghanistan" "We need more troops, more helicopters, better intelligence-gathering and more nonmilitary assistance to accomplish the mission there" "I would not hold our military, our resources and our foreign policy hostage to a misguided desire to maintain permanent bases in Iraq," Obama said on July 14, 2008.

After meeting with French President Nicolas Sarkozy in Paris on July 25 as part of a world tour, Obama said in the joint news conference with Sarkozy, "Afghanistan is a war that we have to win" because al-Qaeda and the radical Islamic Taliban movement cannot be allowed to establish new havens for planning "terrorist attacks . . . that could affect Paris or New York."

Obama declared that there were no effective options to this policy, saying, "So we don't have a choice; we've got to finish the job." Obama said the United States "needs to send two additional brigades at least" to Afghanistan and praised Sarkozy for his willingness to send more French troops to that country.

Anonymous said...

Nothing has been said about the start up of this disaster: The initial tax give away of 1.3 trillion dollars. A large sum indeed and glorified by a willing congress.

This give away was blessed by the FEd Chair Greenspan as an appropriate use of a revenue surplus rather than use that money to pay down debt---is that conservative?

It was also money which was of a "projected" tax surplus it was not in the treasury and never got into the treasury. A revenue surpus which was bogus and spent anyway.

It was the first open exposure of the bush bush technique of getting money for nothing based on nothing, which was a historic fact well covered over and unexposed by forces of the GOP and a collusive media, as Perry described so well.