Does it sound familiar?
I smells something fishy when Bush insists that he is doing right thing for the world and congress and others do not have to worry/think about the solution he is proposing. Here are some of my observations..
Bush on Iraq
Jan 2002 : Bush said "Time is not on our side," and identified Iraq as axis of evil.
Sept 2002 : Bush insists that Iraq has WMD and is ‘Greater threat to world as we know’
Sept-Oct 2002: Despite finding from UN that no chemical or nuclear warheads exists on Iraqi soil Bush pushed congress to vote for military action
March 2003 – Iraq invasion and US economy boom starts …
Bush on credit crunch
2002 to 2004 American banks lend billions of dollars of mortgages to people on low incomes - many of whom are in no position to pay back the loans.
August 2007 Higher borrowing costs start to impact on the US housing market and the property boom starts to unwind.
Building rates drop sharply to decade lows and prices also start to come down.
Defaults on sub-prime mortgages - where lenders give cash to people with poor or no credit history at higher than normal repayment levels - start to increase.
Sept 2008 After many banks and investment banks crashed in credit motor race.. Bush declares 1 minute solution to the problem “infuse 700 billion $ next day and finance market will revive”
And now Bush says “Biggest Problem ever as world has known, we need to act now and fast time is ticking” As I write, Bush is pushing congress hard to accept whatever he is saying
'We got a big problem': renewed plea for bailout deal from George Bush
(Funny though, buy 700 billion $ worth garbage from banks, and pay out billion $ in salary or severance pay to bankers and let them keep profit after market recovers)
I smells something fishy when Bush insists that he is doing right thing for the world and congress and others do not have to worry/think about the solution he is proposing. Here are some of my observations..
Bush on Iraq
Jan 2002 : Bush said "Time is not on our side," and identified Iraq as axis of evil.
Sept 2002 : Bush insists that Iraq has WMD and is ‘Greater threat to world as we know’
Sept-Oct 2002: Despite finding from UN that no chemical or nuclear warheads exists on Iraqi soil Bush pushed congress to vote for military action
March 2003 – Iraq invasion and US economy boom starts …
Bush on credit crunch
2002 to 2004 American banks lend billions of dollars of mortgages to people on low incomes - many of whom are in no position to pay back the loans.
August 2007 Higher borrowing costs start to impact on the US housing market and the property boom starts to unwind.
Building rates drop sharply to decade lows and prices also start to come down.
Defaults on sub-prime mortgages - where lenders give cash to people with poor or no credit history at higher than normal repayment levels - start to increase.
Sept 2008 After many banks and investment banks crashed in credit motor race.. Bush declares 1 minute solution to the problem “infuse 700 billion $ next day and finance market will revive”
And now Bush says “Biggest Problem ever as world has known, we need to act now and fast time is ticking” As I write, Bush is pushing congress hard to accept whatever he is saying
'We got a big problem': renewed plea for bailout deal from George Bush
(Funny though, buy 700 billion $ worth garbage from banks, and pay out billion $ in salary or severance pay to bankers and let them keep profit after market recovers)
Edit: A good read on similar topic (700 billion $ bailout plan of Bush) read here
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