Bush speech open thread

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27 Community Comments, Facebook Comments

  1. sxp151 says:

    He’s actually a pretty good speaker.

    Objectively he’s still terrible though.

    • BlueCat says:

      matter to anyone anymore?

    • Another skeptic says:

      Just the facts, man.

      He made the issues as clear as he could without scaring people even more.

      It’s always easy to criticize a president’s speech because something always goes unsaid or over emphasized.

      But there are so many commentators that the gaps were filled before and after the speech.

      On ABC and Fox, reporters said they’ve been a deal’s been pretty much done and will be sealed in a meeting of congressional leaders that begins at 8 tomorrow.

      Final issues could be worked out at the president’s summit with McCain, Obama and congressional leaders. I suspect they all hope they can announce a deal after that meeting.

      What will be interesting is how the markets will act tomorrow. Pensive or celebratory? I’m guessing flat to up a little until the deal is announced. Then maybe a short rally until people get their feet on the ground and figure out what it all means.

      • Half Glass Full says:

        “The president’s summit with McCain, Obama…”

        Read: Transparent political stunt.

        Had it been a real, honest effort, McCain wouldn’t have blindsided Obama – talked with Obama and not indicated there’d be a summit, and then go on air to say he’s “suspending” his campaign.

        Pathetic. McCain can’t handle doing ONE debate on foreign policy? He doesn’t deserve to be our president. We can’t afford to HAVE him as our president. Bush League!

  2. sxp151 says:

    just like the Iraq war. It’s like we’re doubling down on awesome plans!

  3. Danny the Red (hair) says:

    If the was a commitment to a HOLC I’d be on board with his principal.

    • When Bush starts complimenting something, it’s time to watch him pull the rug out from underneath it.

      But I have to agree, I heard the speech on the radio and thought it was the most gracious and bi-partisan he’s been since the 2000 elections.

  4. One Queer Dude says:

       Of course, we all have low expectations of him.  

      He sounded like he knew a little of what he was talking about.  Which is more than we can say about McCain.

  5. ClubTwitty says:

    I’m not an economist, but I do believe that we’re growing. And I can remember this press conference here where people yelling “recession this, recession that” — as if you’re economists. And I’m an optimist. I believe there’s a lot of positive things for our economy.

  6. DavidThi808 says:

    It was an interesting speech. The largest chunk was him explaining what happened and I think he did a pretty good job of laying out the basics for the vast majority of people watching. In words, tone, and manner it was like a High School science teacher called upon to talk to the nation.

    And it was, with one small exception, very non-partisian. So credit to him for treating this is the president and not as a Republican.

    What’s interesting is there was not a lot of detail on what the final bill will be. That could be because those parts are still being heavily negotiated and he does not want to lay out his part. That could be for good reasons (he’s open to what’s proposed).

    The big negative is he didn’t do squat to convince us we’re in good hands, that we have a good plan, and that it will resolve this. There was virtually no emotion in the speech.

    I think Bush may be burned out. But burned out Bush may be a better president that energized Bush.

    I think the bottom line is this didn’t do much. It let people know Bush is working on a solution, but I don’t think it’s going to make anyone feel better. On the flip side, it’s not going to make anyone feel worse.

  7. Western Way says:

    Like I said earlier today and last night we need a bail-out, but what are they thinking????? Let the Treasury Department determine the size of companies?  Yeah, that sounds pretty Communist…..

  8. parsingreality says:

    $700B divided by about 200 million taxpayers is $3500 each.  (Kinda chokes ya up, doesn’t it, realizing our individual cost to bail these millionaires out.)

    Taxpayers must have a bank account to receive the funds.  For those w/o accounts, or who can’t qualify, the feds can be the banker.  Don’t we own some banks, BTW?  No $100 or good credit to open.  

    Funds can be used immediately up to the max to pay delinquent mortgages.  That will take care of the 1-3 month behind folks. That also moves a boatload of mortgages from delinquent to now higher grade paper, helping the CDO’s.  

    Funds can be used right away to pay for educational tuition; checks are made to institutions only.

    As to the rest of us, pay it out over six months.

    I know this is stupidly simplistic and there will be a lot of corruption….oh, wait….worse that Wall Street?  

  9. shrubsrock says:

    OK, Lame Duck Bush just made this huge speech about a HUGE deal.  The “top” headlines from my e-mail provider (in their order):

    2nd celebrity booted from ‘Dancing with the Stars’

    Ted McGinley becomes 2nd celebrity booted from ‘Dancing with the Stars’

    Read More…  

    Obama rebuffs McCain’s call to delay debate

     Lexus LS 600h L Part 2: A car so advanced it feels more like an executive jet

    Documents: Ivins bragged he knew anthrax killer

     The Brangelina Bunch Moves to Berlin

    I’m surprised that there are two not completely pointless stories listed.  Well, plus the Brangelina Bunch one, that’s news you can use.

  10. Half Glass Full says:

    The “Tell” that McCain’s “let’s not debate” gambit is a purely political desperation move came in the companion statement that they might postpone the Vice Presidential debate – scheduled for Oct. 2 – if a bailout plan still hadn’t been reached.

    Now, the reason for postponing the Presidential debate is that McCain is supposedly too busy saving the country to even spend a couple of hours on a Friday night debating foreign policy.

    What’s the reason for postponing the VP debate, then? Sarah Palin isn’t in the Senate and doesn’t have a federal job.

    That, “my friends,” is known as a Tell.

  11. mr science says:

    “The whole event had a kind of unreality to it, since Bush has arrived at that unhappy point in American public life when a famous person begins to look like a celebrity impersonator.”

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