Monday, December 17, 2007

Bush Says Economy Is Sound

Once again Bush can not see what is right in front of his face.
President Bush worked to reassure Americans on Monday about the economy but said "there's definitely some storm clouds and concern" because of the nation's credit crunch and mortgage problems.

"But the underpinning is good," Bush told business and community leaders at a gathering of Rotary Club members.

"We've had a pretty good economic run," the president said in a speech intended to show he is aware of the public's edgy mood these days. Consumer confidence has eroded as turmoil in the housing and credit market have battered the economy.

Bush tried to position himself as an advocate for working families by taking aim at his favorite target: the Democratic Congress.

"The Congress cannot take economic vitality for granted," Bush said.

"The most negative thing Congress can do in the face of economic uncertainty is to raise taxes on the American people," Bush said.
The one trick pony of tax breaks is all this fool has. It is his economic policies that have pushed our national debt to over $9 trillion dollars and forced the federal reserve into a juggling act to keep us out of a severe recession.

He neglected to tell this crowd that lower interest rates and a falling dollar are a prescription for disaster. How can you finance your debt and ask those that finance it to accept so little return if not a loss on their money. That is the economic legacy of this moron. The chickens are about to come to roost and its going to get very ugly.

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