And, yup, in a nutshell, reassure wall street and use fear to manipulate the people!
Am I psychic or what? Or is it just the same old same old?
The timing of the address made it quite clear this was for the benefit of wall street, done right before it opened, of course. After a brief rehash of what happened, here come the reassurances......
"assure our citizens and citizens around the world that this is not the end of the legislative process."
That is the assurance to investors, "our citizens and citizens around the world"
Then he says:
"it is not the end of the legislative process"followed by
"it matters little what path a bill takes to become law. What matters is that we get a law."Well what that means, is regardless of what the taxpayer says or wants, Mr Bush will just keep on trying , until he gets his way. What if he doesn't though?
Then we move on to the fear:
"We're facing a choice between action and the real prospect of economic hardship for millions of Americans,"
"For the financial security of many Americans, Congress must act."
"If our nation continues on this course the economic damage will be painful and damaging,"
"Our economy is depending on decisive action from the government, the sooner we address the problem the sooner we can get back on the path of growth and job creation."What about the economic damage already going on? How come he fails to mention, the homeless, where is the help for them? What is he doing to keep people in their homes?
Job creation? Laughable, there is no job creation in the globalised world. There is job shifting, wage decreases. This is why this crisis came to fruition, amongst other reasons, the good decent paying wage jobs are gone!
So you see, no bail-out, things are just going to get worse for joe and jane taxpayer.
The way I see it, things are going to get worse either way. But at least the taxpayer will not have thrown good money after bad.