I swear whenever I hear Bush talking about the economy, I think to myself, this dude is on something. I mean really, like that old anti-drug commercial, “this is your brain, this is your brain on drugs;” I hear Bush speaking about the economy and I think, this is your president, in denial:
President Bush on Monday tried to reassure an edgy public that the economy is “pretty good” despite the dreary mix of a failing housing market, a national credit crunch and surging energy costs.
“There’s definitely some storm clouds and concerns, but the underpinning is good,” Bush said at a Rotary Club meeting, an informal setting chosen to show the president engaged with local communities. “We’ll work our way through this period.”
The nation is in a sour mood this holiday season, with consumer confidence hovering near a two-year low. As a wide-open field of candidates vies to replace Bush in the White House, the economy has zoomed to the forefront of public priorities, often ahead of Iraq.
Bush’s appearance reflects the administration’s push to show that the president is actively trying to solve the problems — and ready as ever to blame Congress for moving too slowly to help him.
“We’ve had a pretty good economic run here in the country,” Bush said, citing high productivity and consistent job growth. As for the collapse of the housing market and the severe credit crunch that threaten to drag the country into a recession, Bush acknowledged “there are some challenges.”
Excuse me???? “Some Challenges?” WTF is he on?
Compounding the insult to injury, Bush insisted that “the most negative thing the Congress can do in the face of some economic uncertainty is to raise taxes on the American people.” Of course he was talking about Congress raising taxes on the rich sector of the American people, you know, the sector of American people who if they did have their taxes raised raised, would be mad as hell because their leader in denial had failed them. Meanwhile let the masses suffer… or eat cake!
Democratic leaders responded to Bush’s performance that he “is in denial.” Yes, my friends, this is your president, in denial:
“What world is living in to be so out of touch with the economic realities families and markets are facing?” said Democratic of , chairman of Congress’ Joint Economic Committee.
No matter what the debate over economic indicators, many people are enduring financial stress and struggling to pay the mortgage., the respected former chairman of the Federal Reserve, has agreed with other experts who see prospects for a recession at about 50-50.
“Instead of taking action, President Bush says the economy is safe and sound,” said House Democratic Caucus Chairman. “Middle-class Americans and economic experts all agree on something the president still refuses to admit: the economy is struggling and families need real help.”
The economy is in the toilet. Yes, the toilet. Stocks are tumbling, gas prices are still at a record high, housing woes persist, and the Grinch has stolen Christmas right out from under the retailers this year. Thank the Resident…