Top Leaderboard, Site wide
November 28, 2014
Truthdig: Drilling Beneath the Headlines
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Get Truthdig's headlines in your inbox!


Weather Extremes Will Be the Norm As World Warms




Joan of Arc


Truthdig Bazaar
Elsewhere, California

Elsewhere, California

By Dana Johnson
$15.95

The Bubble and Beyond

The Bubble and Beyond

By Michael Hudson

more items

 
Report

Bush’s Legacy of Failure

Email this item Email    Print this item Print    Share this item... Share

Posted on Mar 18, 2008
Bush and financial aides
AP photo / Gerald Herbert

Wearing a green tie in honor of St. Patrick’s Day, Bush smiles for the camera during a meeting with Treasury Secretary Henry Paulson (left) and Federal Reserve Chairman Ben Bernanke on March 17 at the White House.

By Robert Scheer

That idiotic “what, me worry?” look just never leaves the man’s visage. Once again, there was our president, presiding over disasters in part of his making and totally on his watch, grinning with an aplomb that suggested a serious disconnect between his worldview and existing reality. Be it in his announcement that Iraq was being secured on a day when bombs ripped through that sad land or posed between his Treasury secretary and the Federal Reserve chairman to applaud the government’s bailout of a failed bank, George Bush was the only one inexplicably smiling.

Failure suits him. It is a stance he learned well while presiding over one failed Texas business deal after another, and it served him splendidly as he claimed the title of president of the United States after losing the popular, and maybe even the electoral, vote. It carried him through the most ignominious chapter of U.S. foreign policy, from the lies about Iraq’s weapons of mass destruction to an unprecedented presidential defense of torture.

The totally unwarranted assurance was there this week as the once proud dollar fell into the toilet and the debacle of Iraq and Bush’s other failed Mideast policies pushed oil prices to record highs. The Europeans, who didn’t support the U.S. imperial intervention, are doing much better, not having to pay for guarding besieged oil pipelines while U.S. taxpayers are saddled with trillions in future debt, not to mention 4,000 U.S. military deaths and 30,000 U.S. injuries in a war the administration had promised would be paid for with Iraqi oil revenues. Even in Baghdad last week, there wasn’t enough oil to keep the lights on for more than a few hours.

But the president is happy because his legacy issue, the war on terror, is intact. No matter that this week the Pentagon was forced to release a report conducted over the last five years that concluded, after surveying 600,000 official Iraqi documents captured by U.S. forces, that there is “no smoking gun” establishing any connection between Saddam Hussein and al-Qaida. The report was so embarrassing that we taxpayers, who paid for it, were not going to be told of its existence, even though the explosive conclusions were totally declassified, until ABC News forced its posting online.

The network reported that the Pentagon had canceled plans to issue a press release or make it available by e-mail or otherwise online because, as one Pentagon official put it, the study is “too politically sensitive.” Damned right it is—Bush squandered U.S. treasure and lives in an effort that had nothing to do with the infamous attack on America. As for the real war on terror against the real al-Qaida, those folks are very much on the rebound, just where they were before the 9/11 attack, building their bases in Afghanistan and Pakistan.

Advertisement

Square, Site wide
Meanwhile, back on the home front, Wall Street is crumbling, not because of planes crashing into buildings but because the outrageous knaves of finance, freed from the most minimal requirements of public accountability, have been permitted to destroy America’s reputation in the world for financial probity.

In the name of ending what were claimed to be onerous regulations imposed after the Great Depression, this administration accelerated a bipartisan pattern of allowing Wall Street to betray investors with impunity while abandoning the federal government’s obligation, once accepted equally by conservatives and liberals, to ensure our national solvency. This tendency, under way for decades to give the bankers what they wanted—codified in the Financial Services Modernization Act, which was signed into law by Bill Clinton and which permitted banks, stock brokers and insurance companies to merge—was exacerbated by Bush’s appointment of rapacious corporate foxes to watch the corporate henhouse.

They will take care of their own, which is why Bush was smiling, happily posed in that photo op between Henry Paulson Jr. and Ben Bernanke announcing the Bear Stearns bailout, made possible only by the federal government using your tax dollars to pick up the bad debt of the banks. Tape that picture to your wall to remind you, when you open a credit card bill with a 30 percent interest rate—not the 2 percent the Fed will charge banks—or see the increase in your adjustable rate mortgage, of just what your government will do for the really big guys that it will never do for regular folks.

In the years to come, as millions lose their retirement income and homes, we will have occasion to remember Georgie Porgie, who kissed the taxpayers and made them cry before he ran away.     

Click here to check out Robert Scheer’s book,
“The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street.”


Keep up with Robert Scheer’s latest columns, interviews, tour dates and more at www.truthdig.com/robert_scheer.



Get truth delivered to
your inbox every week.

Previous item: Rev. Wright on the Battlefield

Next item: Obama Walks the Minefield



New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

By eraends, March 19, 2008 at 4:47 pm Link to this comment
(Unregistered commenter)

One has to wonder about the “Failure” or just a continuation of a “grand design”.  Failure implies a serious attempt to succeed and unfortunately, the attempt is not successful.  I don’t know about that.  Having read extensively about the “neo-con” goals from Nixon through GW, there appears to be a systematic process of taking apart of ‘American’.  Ever since the Civil Rights movement of the 60’s the Conservative forces in this country cut, eliminated, discredited many “progressive” attempts to bring America into the mainstream of global politics. Think of all the programs eliminated during “conservative” legislative and executive leadership…peace corps youthful initiative, planned parenthood, Voting rights(now papers needed in some states with large Black populations)collaborative foreign relations, disarmament strategies, environmental regulations, economic progress, progressive taxation, public education research grants, educational grants, habeas corpus to name a few.  And look at what’s in their place.  Destructive global warming, preemptive wars, religious litmus tests, rewriting of science, discarding the Constitution.  This is not some failure, but a systematic undermining of the U.S. as a global power in the world.  We couldn’t create jobs in this country in the next depression, because the money lenders are ‘bankrupt’, we have outsourced our major industries for profit, we have destroyed industrial production so we couldn’t even protect ourself from attack the next time, and we have inherited from the “conservatives” a $9,ooo,ooo,ooo,ooo.oo national debt.  No this administration was not a failure, but the last nail into the coffin of the American Ideal…

eraends

Report this

By Curious, March 19, 2008 at 4:43 pm Link to this comment
(Unregistered commenter)

You will have that small base that still believe Saddam attacked us on 9/11, and that no attack has happened on American soil since 9/1/01. No to actually believe that you have to believe Bush & Co’s story re 9/11. I DON’T!!!

Report this

By gullwing, March 19, 2008 at 4:39 pm Link to this comment
(Unregistered commenter)

is this connected to the taxpayer funded bailout. a carlyle rescue plan?..US INVESTMENT bank Bear Stearns took its first step in Australia when its private equity arm agreed to buy Macquarie Private Capital Group for $115.5 million cash.

Bear Stearns Private Equity offered $1.062 per security in cash, valuing the Australian private equity fund at $116 million. The offer was at a 56% premium to Macquarie Private’s last closing security price.

These groups include Archer Capital, Blackstone Group, The Carlyle Group, Ironbridge, Quadrant and Catalyst.

Report this

By FED UP, March 19, 2008 at 4:26 pm Link to this comment
(Unregistered commenter)

I think what everyone fails to remember is that the idiot is a bold face liar.  Forget that his lied about ever aspect of his life.  Forget about the lies around Irag and Iran.  Forget the lies about LA or our legal system, about torture, etc. The biggest lie is that he claims he cares.  It is easy to spin the lies when you do not care.  The only truth is he has ever spoken is that he is not worried.  Why should he be.  None of this will ever harm him.  The war will never have anything but a positive effect on him.  The big R word or even Bigger D word.  Why worry. It not going to hurt him is daddy will always have enough money for him.  So he can spin lies, play his game of being President for 8 years, it is just a game to him, then sit back and laugh at the whole situation.  He has failed at everything he has done, had his daddy bail him out and chuckled about it later.  But the real is is not the moron in offic, but those who put him there twice. I am not as worried about what he has done as I am about the folks that voted for him the second time and those that still believe in him.  That has to be a scary bunch of voters.

Report this

By loveinatub, March 19, 2008 at 4:14 pm Link to this comment

Our democracy was a great 200+ year experiment that is over now as we continue to slide toward a corporate 21st version of facism brought on by the greed of a relatively few in power. Whatever the modern definition of a traitor is, its label surely applies to the individuals that run this administration.

Well said, Don!


The 200 plus year democratic experiment is over but it actually ended oh, probably with the election of Ronald Reagan. RR implemented the right wing agenda of dismantling government’s role as a referee of capitalist greed and ever since it’s been nothing but the destruction of democratic government. Worse, the elected officials who supported Bush’s disastrous policies didn’t even have the guts to admit to Bush’s lies and deceit and have the decency to hold Bush accountable. Democrats like Pelosi should be strung up for their failure to instigate impeachment proceedings against Bush and company. The United States, if it ever was once a great nation, surely has so badly lost its way, it begs the question. Is there truly anything to look forward to anymore??

Report this

By Jim C, March 19, 2008 at 4:01 pm Link to this comment

I agree with everything in the article except for two points . 1 . “disasters in part of his making ” , in part of his making , in PART of his making ? This whole mess from start to finish was his work , from ignoring warnings to appointing incompetents to important positions ( his girlfriend rice for instance ) .2 . ” He’s the only one smiling ” , no Paulson is smiling , go figure .

Report this

By troublesum, March 19, 2008 at 3:52 pm Link to this comment

Things are not going to change.  All the candidates who stood for real change have been gotten rid of.  The problems this country has were not caused by one man.  People who believe that will be satisfied with cosmetic changes and things will just go on as usual.

Report this

By OH, March 19, 2008 at 3:48 pm Link to this comment
(Unregistered commenter)

There is a good chance, depending on the severity of the recession and global warming, that Republicans will have to wear a scarlet letter, such as a brand on the forehead that says “BUSH” or “GOP”. 

Republican Conservatives have earned hatred of the overwhelming majority of Americans which they will all carry with them until the end of their lives.

Report this

By Mark, March 19, 2008 at 3:43 pm Link to this comment
(Unregistered commenter)

I keep reading about how incompetent and stupid
GW is.  Please read Naomi Klein’s book “Disaster Capitalsm”.  You will see the method to his madness and realize that GW is not as dumb as he comes off.

When you see what his goal is, you will realize he has been one of the most successful Presidents in history.

Report this

By weather, March 19, 2008 at 3:31 pm Link to this comment
(Unregistered commenter)

We need you Mr. Wolter more than ever. There’s sneaky, snotty and ruthless children all dressed-up like adults, playing a Mark Goodman/Bill Toddman game show for keeps.

Report this

By Ernest Zeller, March 19, 2008 at 3:21 pm Link to this comment
(Unregistered commenter)

Chickens are coming home to roost, the day of reckoning is coming. The Bushies should not be forgotten after they leave office.

Report this

By sonny, March 19, 2008 at 3:18 pm Link to this comment
(Unregistered commenter)

I’m a Texan. George “Dumbya” Bush is not. I was born AND Raised here. George “Dumbya” Bush was not. He was born in the North East and he was raised in the boarding schools of the North East. He learned to badly imitate an accent and didn’t use it until he became “Precedent”. His Bravado is false. He is a child in the body of a stupid and failure of a man. If it weren’t for his familial connections he wouldn’t be alive today. He’d have been killed in prison while serving time for drunken driving or cocaine possession.

He never got my vote but my voice has always been raised in protest against him.

Report this

By Joe Magner, March 19, 2008 at 3:02 pm Link to this comment
(Unregistered commenter)

We were going into Afghanistian and telling people in the area we were in July of 2001 - before 911 - and we were saying we were going in in October, which we did. Bill Clinton had layed much of the bricks, the deals were already cut with the northern alliance, and 911 was the cake to justify it all.

We were going into Iraq long before we sais we were, and from the get-go anybody who was looking closley at the bases realized we were not leaving, period, which we have not.

In order to control a country that has a middle-class, the middle class has to be eliminated, which we have done.

The country must be divided into sections that are antagonisitc, which we have also done - much with the surge capping this.

To control things in the corporate world, a paramilitary force/forces must exist - you know - renta-cops on the big weapond level. We have seen what Blackwater has been doing outside of Iraq working with other Corporations, like in Nigreia. We used Iraq to start/fund/build the structure of these para-military forces up.

So when you look at what Bush/They have done in the real world and not the make beleive world they want you to look at - bush has done amazingly well from their view point. Not perfect but well.

Its only those of us that wish to listen to the Bush language and point boney fingers and make fun and puff ourselves up to say how smart we are that fail to see what has been acomplished by them on the otherside while we all played in a circle jerk patting ourselves on the back about how DUMB Bush was….LOL…..the joke has been on the Circle Jerkers.

The objective of Bushco is to present to the corporations a view and order to the world that will allow the next evolutionary step in Corporate Global Power.

What we all should be looking for is the breaks and competition that is/will be taking place between these corporate assholes as they WILL fight amongst theirselves for power. That is afterall how THEY often fail! or many fail - and what comes out of that will determnine where the rest of the little people and poor people live and have to put up with.

Sorry to pop your blame bubble - but Bush has received what they wanted - as they have said - by the time you have figured out the last reality we defined for you - we will be doing the next reality and you will be left figuring out the new game we have made….bad bad paraphrase of an quote printed way back then.

cheers -

Report this

By dick, March 19, 2008 at 2:56 pm Link to this comment
(Unregistered commenter)

He is happy because everything is going great for him and the other power elites, which includes the Congress. The masses are of no importance.

Report this

By natasha, March 19, 2008 at 2:55 pm Link to this comment
(Unregistered commenter)

True, an awful lot of stupid people voted for Bush in 2000 and 2004, but he won neither election.  Remember?  Does anyone here really think either Hillary or Barack will be in the White House next term?  The criminal, evil powers that run this country are still in place, and they will fix every upcoming election just as they did the past two. 

BTW, I can’t stand to see Bush’s picture or listen to his voice, either.  Makes me sick to death.

Report this

By marcie, March 19, 2008 at 2:13 pm Link to this comment
(Unregistered commenter)

Georgie forgie, sayin’ a lie,
Enlist the poor and made them die,
While judgment day is underway,
Capon George needs put away

Report this

By David Wolter, March 19, 2008 at 1:45 pm Link to this comment
(Unregistered commenter)

I’m 73 yrs. old and can’t shake the feeling that the United States has passed me by.  From the elder Bush puking on his Japanese host, to the corporate media/political impeachment, of Clinton, and the published history of the thief-in-chief Laughingly and embarrassingly disgracing the office he stole and destroying a collapsing monetary system to the detriment of the people who did not vote for him twice, I have only one thing to say….unbelievable!

Report this

By Davol, March 19, 2008 at 1:43 pm Link to this comment
(Unregistered commenter)

From Wikapedia:
Airline deregulation began in the US in 1978. It was a part of a sweeping reduction in price and entry controls in United States transportation begun with initiatives in the Nixon Administration, carried out through the Ford and Carter Administrations, and followed up on in the 1980s.
————
At first I didn’t believe the dig on Carter here since I would have sworn Reagan deregulated the airline industry.  I guess you’re technically right, but technically we can point a finger at Nixon for starting it.

Report this

By Dr. Knowitall, PhD, PhD, March 19, 2008 at 1:06 pm Link to this comment

Sounds like things aren’t going all that well for you ConYank. Sorry. 

I wholeheartedly agree with you—except—“great bank” is an oxymoron.

Hang in there; things will get better.  Someday our prince will come.

Report this

By cyrena, March 19, 2008 at 12:50 pm Link to this comment

Sounds right to me. (but then again, I’ve only glanced through the manual from time to time.)

Seems like from here on out, we could just post his ugly mug on the descriptions of every psychological or other mental illness known to mankind.

Report this

By Inherit The Wind, March 19, 2008 at 12:40 pm Link to this comment

No one will ever again say “Let George do it!”

Report this

By gelles, March 19, 2008 at 12:21 pm Link to this comment

The horror of this president’s failed legacy will be
suffered by generations to come. He has ruined our economy, our environment and the global standing of this nation. I cannot even look at a photo of him anymore; I cannot even listen to his voice. I try and do the best I can as a contributing citizen in my community; how Americans cannot be totally disgusted and not get out and do something positive,  to sit back idly and watch in disgust is beyond my realm of comprehension.I served 21 years in the military,and my heart goes out to those who have lost loved ones in this war.

Report this

By Carlos Beca, March 19, 2008 at 11:46 am Link to this comment
(Unregistered commenter)

Great article by Robert Scheer as always. I am a Canadian citizen and so I do not feel at ease to make comments about a foreign public figure. I usually discuss it with friends when we talk about politics. I do not mean in any way to offend American citizens or the US, but I have to confess that I never thought in my life that I was going to witness a demented running a country like the US. With all the ingredients to be a country to guide the world into sustainable prosperity and by example show most of the world that we can through democracy and education and social stability run this wonderful planet for the benefit of all of us, chooses to not only destroy its reputation world wide, invade countries with horrendous consequences Americans do not see on TV, destroy democracies all over the world by forcing its own regimes on people and then ask ‘WHY THEY DON"T LIKE US?’. It is to me absolutely amazing. So much for the checks and balances of the American political system. I read an article about George Bush in the Atlantic magazine in the 1980s and I could not believe Americans were electing a monkey to run their government. The man has always been a failure and in a certain way a crook all his life. I am affraid it is going to take a miracle to get the US back on track. Much has to be changed. The reputation in Europe never mind in Canada is shocking!! Not even our right wing Bush like prime minister wants to be seen with George Bush. George Bush is the only US President I know of that has never been officially invited to visit Canada as a friend. Pretty sad.

Report this

By BigUnit47, March 19, 2008 at 11:30 am Link to this comment
(Unregistered commenter)

100% on target. The intellectual-less dishonesty this administration has paraded before the world for the last 7+ years has left a lasting legacy of total disaster. Won’t be long before few have jobs, which means they’ll have plenty of time to spend at those casinos Republicans would love to see dotting the national landscape (what jobs are left will be those aiding the wealth-redistributing flim-flammery that has been signature of our current economy. America doesn’t make anything anymore; but America will have to when currency trends force us to stop buying the cheap goods from China seemingly designed to eventually kill us (not all those terrorists come in the form of turbans w/AK-47s). And check those drugs; if made in China, they, too, could bring more harm than good. Why do I get the impression that, with Republicans in charge, the country has a distinctly down-hill course, economically and otherwise? Because they’re only out for themselves and their special-interest friends. This nation NEEDS a Ralph Nader as pilot…

Report this

By JimM72, March 19, 2008 at 11:25 am Link to this comment
(Unregistered commenter)

To add to all of the other comments here, I’ll confidently state there is a lot more criminal activity in the Bush leagues than we are aware of. If it’s left to the repulsive, lying mainstream media or to congress to investigate, we will never know until the 3am knock at the door….

Report this

By Ivan Hentschel, March 19, 2008 at 11:11 am Link to this comment
(Unregistered commenter)

That we have weathered eight years of this idiot is beyond me. Perhaps the human condition is more resilient than I thought. He does not appear to worry because he never has and doesn’t know how.He must be totally numb inside. I never fully understood the extent to which the term “moron” applied until this clown came along.It just gets worse (and more embarrassing) everyday.

Report this

By MDC, March 19, 2008 at 11:10 am Link to this comment
(Unregistered commenter)

This man began his presidency believing he could take generous vacations and act as a figurehead while Cheney funneled money to his friends and republicans in congress had their way.

However, on 09/11/01 I believe Bush suffered a break from reality and has never recovered.  Observing his behavior in video, I believe he is taking many prescription medications.

Report this

By ElkoJohn, March 19, 2008 at 10:47 am Link to this comment

my diagnosis for the
idiotic “what me worry?” look:
Axis-II, Personality Disorder. . .
Anti-Social
Narcissistic
Borderline
with features of delusion

Report this
amunaor's avatar

By amunaor, March 19, 2008 at 10:13 am Link to this comment

That’s him ‘what me worry?’ He went to Washington to ‘solve problems’ and in his wake left maddness, hatered, chaos and destruction.

Caligula, affectionately known to his mother as ‘little boots.’


http://www.youtube.com/watch?v=Tk1vEuhBuEU

Peace, Best Wishes and Hope

Report this

By Tony, March 19, 2008 at 10:11 am Link to this comment
(Unregistered commenter)

I hear everyone complaining and I read here of all your complaints…The USA will never correct itself with only a two (2) party system…We need to vote out EVERY current politician and CLEAN HOUSE!!! And we also need to support new parties, limit campaign funding evenly so that we vote for candidates based on qualifications not how much money they can raise…

bush cheney rice wolfowits rove and that whole crew are evil!!!!!!!!!!!!!

Report this

By chuck, March 19, 2008 at 9:45 am Link to this comment
(Unregistered commenter)

bush is a liar & an idiot. He caused this recession. He causes us to spend $ 17 BILLION /month in Iraq. We should have no oil crises with Iraq & Iran having so much oil. bush doesn’t even talk about our oil RESERVES. Any new president can make the USA a better place to live & be proud of—-bush is the worst president we have EVER had! Oh yea, Darth Vader cheney is the worst VP. Congress has failed us too. We need to use a fireman’s hose to clean up the BS in Congress & the “administration.”

Report this

By Eric L Prentis, March 19, 2008 at 9:40 am Link to this comment
(Unregistered commenter)

It is well known that President Bush is a pathological liar. Now President Bush has gone further into perdition by wholeheartedly sanctioning Chairman Bernanke’s unprecedented bailout of the Wall Street investment bank, Bear Stearns, which demonstrates Bernanke’s financial hubris and complete overreach of his authority. President Bush, defender of the ownership society ideology,  can now be called the hypocrite’s hypocrite. Republican Senators Larry Craig and David Vitter can only dream of scaling the heights of hypocrisy that Bush has achieved by endorsing socialism for the rich and powerful at Bear Stearns while supporting privatizing social security and the second class punitive bankruptcy laws for the average US citizen. The United States is a plutocracy, run by the rich for the benefit of the rich.

Report this
Shenonymous's avatar

By Shenonymous, March 19, 2008 at 9:37 am Link to this comment

So the invitees to the gala affair are always the same cast of characters!  Men like the Client 9 (Spritzer), need to make public everything they know about the nefarious goings on of the shuffling clique of corporate thugs, and let the chips fall where they may, if of course you can survive the Good Fellas treatment and not get offed or outed.

Report this

By Conservative Yankee, March 19, 2008 at 9:35 am Link to this comment
(Unregistered commenter)

I wouldn’t vote for ANY Bush ever for ANY office.  He couldn’t run the town of Podunk without bankrupting them

HOWEVER

When Sheer says the disasters are “.... part of his making and totally on his watch” he is prevaricating. Carter began the deregulation binge in 1978 with the deregulation of the airline industry.  Carter said it would make “flying cheaper” at the time I was flying the Eastern Shuttle from Boston to Newark for $35. after deregulation, when Pan Am began flying the same route the tickets went to $75. Eastern started its long slide to oblivion, then Pan Am followed. Once the USA had the best and biggest airlines. Now we have hollowed out husks that are not even shadows of their former selves.

Deregulation has been bad for business, but the people who profited by buying and selling the businesses, rather than the product have kept this philosophy alive through five consecutive administrations.  I lost my GREAT local bank when living in Lawrence, my small insurer (who was very inexpensive) when living in New Hampshire, and my formerly great union drug plan (.50 per prescription) last year. 

No I do not like of trust GWB, but when it comes to fucking the public, he has LOTS of company.. and for a long time!

Report this

By Maani, March 19, 2008 at 9:31 am Link to this comment

Expat:

“You may be interested to know that my students don’t like Bush either.  They do however love America.”

This seems to be the prevalent feeling, and has been for some time.  It is an interesting historical footnote (though it should have been more!) that the two-day protests that occurred over Valentine’s weekend in 2003 (in the lead-up to the invasion) - in which some 30 million people participated in over 100 cities in more than 20 countries - was the single largest protest in history AGAINST TWO INDIVIDUALS (Bush and Blair), since every single (non-U.S.) protestor interviewed during those two days made it clear that they were against the POLICIES of the two administrations, and NOT against the people of the U.S.

It is at least nice to know that people everywhere can and are making that distinction.

Peace.

Report this

By ocjim, March 19, 2008 at 9:13 am Link to this comment

Now as president the Decider, who was a big business gambler always rescued by friends and family, is using our money to the tune of trillions of dollars to fight a war he lied us into, and to top that off, cavalierly condones spending our money to prop up irresponsible companies like Bear Stearns, but refuses to do the same bailout for those who are losing their homes
  A few days ago, a Gail Collins oped in the NY Times was commenting on a Bush address to the NY financial community. His attitude was so totally nonchalant that Ms. Collins had to wonder, “what the international financial community makes of a country whose president could show up to talk economics in the middle of a liquidity crisis and kind of flop around the stage as if he was emcee at the Iowa Republican Pig Roast.”
  If anyone was looking for reassurance or evidence of a steady hand steering our ship of state, the scene was more like a carefree sailor on shore leave stumbling into the room.
  For most of seven years some have trusted this Crawford sailor on intellectual leave to handle the vital affairs of state. The belief of Alan Greenspan and his friends in the Bush administration that the market is always right and regulation always a bad thing is even now the crutch holding up Bush policy, but under a new fed chairman. All he has left is a sophomoric attitude.
  And as for the George W. Bush analogy, there are many parallels between Bush’s exploitation of family, friends and Texas taxpayers and the many corporate favors BushCo has showered upon friends in the form of deregulation, tax cuts, subsidies and lobbyist legislation.
  According to Paul Krugman, the U.S. savings and loan crisis of the 1980s ended up costing taxpayers 3.2 percent of G.D.P., the equivalent of $450 billion today. For sub-prime, Krugman suggests taxpayer payouts in the neighborhood of Japan’s post-bubble cleanup: 20% of GDP, or $3 trillion.
  So add taxpayer bailouts to the singular domestic policy of the Bush tax cut litany. Other than that, his public appearances prove that he still believes his intellectual bankruptcy can be salvaged through charm, a song and a soft shoe?

Report this

By JEP, March 19, 2008 at 9:12 am Link to this comment

Lets not forget that Rumsfeld ran Merck before he was Bush’s boss, and their other pal, Rudy G. was quite recently one of the lawyers for the unified hydrocodone manufacturers.

It may not be an illegal drug he’s taking as yet, (or it may be illegal, and they don’t care) but you can bet whatever new designer crank Bush might be on, will never be made available to the public.

It would become illegal the moment it gave the common man any sort of the same kind of ignorant, blissful happiness…

Because if we were all hopped-up like W, we would all be much harder to frighten into lemming submission.

Report this

By don knutsen, March 19, 2008 at 9:05 am Link to this comment
(Unregistered commenter)

Who needs Osama Bin Laden when we already have a president more then able to destroy our country from within. It boggles the mind what agenda this world emporer has going on behind those beady eyes. But what is most disturbing is how ineffective our goverment has become in holding this blatant criminal to account for the damage he has done to america and the world at large. Reality is of no concern to George, they early in his presidency decided they could create their own reality. They have dismantled most of the agencies put in place to protect us from the very excesses we are now seeing come to the forefront. They have removed the people’s abillity to redress these injustices and have put in place a future for america that will be filled with desperation and the chaos that breeds. It didn’t have to go this way, but our congress, up till last fall lead by the republican party turned criminal enterprise gave this president / VP , the banking industry, the credit card companies, the pharmecutical companies, the insurance industry everything they wanted and refused even the slightest form of oversite of where the peoples treasure was going while the supposed opposition party still quakes in fear afraid to conduct any of the people’s buisness. Those of us in mid life have lived long enough to remember when we were the one country that all others aspired to be. Those days are over, we are way down the list in mortality rates, health in general, education, and just basic contentment among the rest of the so-called civilized nations. Our democracy was a great 200+ year experiment that is over now as we continue to slide toward a corporate 21st version of facism brought on by the greed of a relatively few in power. Whatever the modern definition of a traitor is, its label surely applies to the individuals that run this administration.

Report this
Shenonymous's avatar

By Shenonymous, March 19, 2008 at 9:01 am Link to this comment

Nothing can make his legacy anything but crap…
The thing is that the human spirit and the Earth both repair themselves in due time.  The end of one however, the Earth as a viable place to live, may end the other.  With the environmental policies of this administration and any Republican who adheres to the philosophy of the party, and that includes all Republicans even if they make (really empty) promises, will do nothing to curtail the environmental problems facing us and the world at large.  Any last minute effort by Bush to try to improve his already doomed legacy is pissing in a leaky coffee can.  The exact same outcome on every single program that would benefit the people of our country whether it has to do with the Bush War in Iraq that is continuously draining the economy, a failed economy,  the commercial mortgage company crisis, education for our new generations that will eventually control this country, or social programs that protect our underprivileged is in the same stinking toilet.

Report this

By Atticus Madison, March 19, 2008 at 8:52 am Link to this comment
(Unregistered commenter)

Of course Bush is perpetually smiling. Why shouldn’t he?  He’s the most sadistic, psychologically-unfit-to-be-president, incompetant, delusional, nitwit ever in the U.S. government, who never has to take responsibility for the hell he causes our country (except the filthy rich) and the world! 

The cowardly congress, including Democrats who won’t impeach him, let him get away with more and more desecration of the Constitution, violation of U.S. and international law, total secrecy to hide his war crimes.  And the pathetic American people have become disgraceful sheep who pay more attention to hookers and amateur contests than they do the the rape of their country. 

There is no longer an American republic, you fools!  You gave it up and disgraced the Revolutionary generation, the Civil War generation and all the brave, principled people who fought endlessly to keep our liberties. 
And yet Bush continues, without any hint of real opposition.  Of course he’s smiling . . . .

Report this

By felicity, March 19, 2008 at 8:50 am Link to this comment

we have witnessed the steady erosion of the middle-class.  With maybe a short hiatus under Carter, its decimation was carried forward by Bush I, continued under the Clintons reaching ‘boom’ times under George. (An over-view of Clinton’s terms reveals substantial rewards granted to the rich and a near eradication of the social safety net.)

The billions about to be pumped into the economy by this government should just about finish us off.  That move will further de-value the dollar which in turn will raise prices. Sticker-shock at the pump?  Nothing compared to what we’re in for in the near future.

Report this

By JG, March 19, 2008 at 8:12 am Link to this comment
(Unregistered commenter)

Bush’s legacy will be that we and generations after us will know him to have been THE WORST president in history.  He has ruined this country, our environment and our standing in the world. I cannot even stand to look at him or listen to him anymore…

Report this

By JEP, March 19, 2008 at 8:10 am Link to this comment

When they created their Adjustable Rate Mortgage scam, Bush’s book-cooking, no-bid, neocon banker-bubbas on Wall Street have to put a whole new meaning to the term “The right to keep and bear A.R.M.s”

Report this

By lodipete, March 19, 2008 at 8:01 am Link to this comment

I wonder if the now cash strapped Carlyle Group(Bush Family Money Machine) has any connection to Bear Stearns and whether or not this helped the Bush clan financially. Maybe that’s why he’s got that “shit eatin” grin on his face.

Report this
Shenonymous's avatar

By Shenonymous, March 19, 2008 at 7:46 am Link to this comment

Not just every day, Maani, et al, but constantly.  There is no break in their detestable and ubiquitous control of every aspect of society.  The oozing of their vile contamination of our lives is dripping on our souls and must be stopped one way or another.  First the war must be stopped and the siphoning off of America’s resources into a cesspool of self-serving excrement terminated.  Then those who are culpable must be brought to our, OUR, idea of justice.

We will burn no more!

Report this

By jatihoon, March 19, 2008 at 7:41 am Link to this comment

Bush smiles, while country burns.

Report this
G.Anderson's avatar

By G.Anderson, March 19, 2008 at 7:39 am Link to this comment

Failure is not a strong enough word for what Mr. Bush has done to this country.

But since Mr. Bush’s life has been one long failure after another, he’s had a lot of practise ducking the blame for what he’s done.

I can only hope that American’s outrage against the results of what Mr. Bush has done, will be directed against the Republican party for at least the next 40 years.

That’s how long it will take us to heal this country after Mr. Bush slinks from the scene.

Report this

By DennisD, March 19, 2008 at 7:36 am Link to this comment
(Unregistered commenter)

Bob - yes, Bu$h was a failure before he took office and he’s only taken it to the next level while in office. No one needed an advanced degree to predict that.

Let’s not forget the Congress and courts that have aided and abetted him every step of the way. It’s all the people we’ve elected in our system of government that have failed us by not ridding the country of this cancer.

Report this

By Expat, March 19, 2008 at 7:16 am Link to this comment

^ me too, although he’s not on tv over here very much; thank god!  My lovely wife feels it important to let me know when he’s on the Thai news and I tell her; please, no, I don’t want to see him…..she laughs, she knows how I feel.  You may be interested to know that my students don’t like Bush either.  They do howevwer love America.

Report this

By Maani, March 19, 2008 at 7:15 am Link to this comment

Shenonymous/Cyrena:

Finally, something on which we all agree.  (LOL).

First, there is no question that the European and (most) Asian media is LEAGUES beyond the U.S. media in fair, accurate and “thought-ful” (in its literal meaning) reporting.  Just consider that some of the European media was discussing possible Bush & Co. complicity in 9/11 LONG before even some of the ALTERNATIVE media was doing so in the U.S.

Second, as you may remember, I was among the first (though certainly not the only one) to suggest that the entire Spitzer affair was “political payback,” and that it might go as high as Treasury Secretary Henry Paulson (former CEO of Goldman Sachs, the investment firm that fared worst in Spitzer’s crusade), who has jurisdiction over the IRS, which began the investigation in the first place.  I was roundly pooh-poohed for this “conspiracy theory.”  Yet now it seems that my suggestion may actually have been SHORT of the mark, and this may reach all the way to the White House.

As Cyrena notes, “happens every day.”  We just don’t always hear about it, unless it is a public-eye figure like Spitzer.

Peace.

Report this

By Maani, March 19, 2008 at 7:03 am Link to this comment

Expat:

I’m with you.  I have literally been unable to look at or listen to this man since he took office.  If I see his picture, I turn the page; if I see or hear him on TV, I turn the channel.

Peace.

Report this

By LibertyWatch, March 19, 2008 at 6:52 am Link to this comment

Bush dances like Hitler, laughs like a dictator and smiles all the time. . . What are his doctors pumping into him to keep that “Alfred E Newman” smirk on his face all the time?

W is ruining America and our future for his corporate owners and still smirks at every disaster proclaiming he has faith! Who gives a shit if he has faith? We are struggling to survive his compassionate conservatism and total mismanagement of our country! Meanwhile he has his Silver Foot stuck in his mouth as always!

Impeachment & PEACE by popular demand!

Report this

By weather, March 19, 2008 at 6:49 am Link to this comment
(Unregistered commenter)

We would be blessed if Eliot Spitzer could take on the most pernicious symbol of this epic of crimes:9/11

It would serve Obama well if he asked Edwards to be his Attorney General and to appoint Spitzer as special counsel.

Report this

By villager, March 19, 2008 at 6:44 am Link to this comment
(Unregistered commenter)

From childhood, to Yale, to Texas businessman and governor, W showed nothing self accomplished “success”, yet more and more glorious post were given to him and in 2000 almost half American sent him to be the free world leader over a million times better Al Gore. Just because he is a prince who is also funny and good to have a bear with?

I don’t think W is really that responsible for what he did. He has no clue, his IQ in lower 80, views everything in black and white, and still think he is the savior of America.

It is American who elected him twice should bear the responsibility. We are paying the price - including more than half who never voted for him. W’s approval rate never drops below 25%, I wonder what a “bad job” means to those idiots.

God bless America.

Report this

By Mark, March 19, 2008 at 6:43 am Link to this comment
(Unregistered commenter)

gas prices 1990: $1.00/gallon

gas prices november 2002: $1.40/gallon (40 cent increase over 12 years - 40%)

gas prices today: $3.25/gallon (7 years of GWB = $1.85 increase - 185%)

mission accomplished!

Report this

By troublesum, March 19, 2008 at 6:22 am Link to this comment

The photo at the top of the page was taken on Spitzer’s last day in office, the day Patterson was sworn in.  I suspect that’s what the grin was for.

Report this
Shenonymous's avatar

By Shenonymous, March 19, 2008 at 6:14 am Link to this comment

Yes, cyrena, but now Spitzer has nothing to lose and must speak up or be relegated to the eternal stinking pile of victims.

Report this

By cyrena, March 19, 2008 at 6:03 am Link to this comment

“...Spitzer had begun making high-profile attacks on the complicity of the Bush administration in covertly arranging bailouts of its Wall Street friends at the expense of ordinary homeowners and citizens, all paid for by taxpayer funds.”..

Shenonymous…

This is it. This is the reason. Happens every day, even further down the ladder.  Spitzer was a semi-big fish, which is why they got him, (still not charged with any crime). But, there have been hundreds of others..whacked even before they might be so revealing, or really, EVEN HAVE ANYTHING TO REVEAL!!

Sometimes, it’s enough to just be ‘suspected’ of knowing something, that will get one whacked.

Meantime, they aren’t going to bring him to trial, for the very reasons you’ve said. He would speak to the truth, and that’s why he got whacked in the first place.

If there was a chance of him going to trial, he’d be suicided first. That’s how these guys operate.

Report this

By SuGee, March 19, 2008 at 5:44 am Link to this comment
(Unregistered commenter)

I repeat my former comments on this website and others.  The president of the United States and his father figure, the alcoholic “Unka Dicky” are both War Criminals.  The fact that they have been criminals their entire adult life, but pre-emptively attacked a sovereign nation WITHOUT just cause and then torturing human beings for no other reason than the delight in seeing them suffer is thoroughly disgusting.  But that’s what corporate America wants; a criminal as our head of state.  I normally don’t listen to Georgie-boy’s radio messages on Saturday.  But March 21st, 2003 he appeared on the BOOB tube and said, “We’re ALL sinners!”.  That was after 3 days of Shock & Awe on the Iraqi civilization.  Apparently that was the last time he attempted anything close to his supposed religion, “Christianity”.  I can remember other “Christian” fallen figures, like Jimmy Swaggert, who used the same line.  Apparently they think that they can be forgiven for all of their terrible crimes.  Not this time.  By the way, he LIKES to torture people.  That says it all, right there.

Report this
Shenonymous's avatar

By Shenonymous, March 19, 2008 at 5:05 am Link to this comment

I meant to say thank you to Greg Bacon for the Asian Times article.  It just expressly points out what many of us already knew by implication.

Report this
Shenonymous's avatar

By Shenonymous, March 19, 2008 at 5:03 am Link to this comment

One wonders at the usefulness of the press for the general public at all these days.  A quote from the Asian Times paints the most accurate picture that the press is not about presenting objective news but is about corporate pressure as enforced by the President and the entire executive branch of government.
http://www.atimes.com/atimes/Global_Economy/JC20Dj04.html

“The press has almost solely focused on the salacious aspects of the affair, not least the hefty fee Spitzer apparently paid. Why the scandal breaks now is the more interesting question.”

It is obvious the reason is as noted in the same article,

“Most recently, from his position as governor of the nation’s second largest state, home to its financial industry, Spitzer had begun making high-profile attacks on the complicity of the Bush administration in covertly arranging bailouts of its Wall Street friends at the expense of ordinary homeowners and citizens, all paid for by taxpayer funds.”

Inasmuch as Spritzer has not been charged with any crime, it makes one wonder further if the reason is that if he were to come to trial, he would make egregious and damaging statements and provide proof about the “complicity of the Bush administration in covertly arranging bailouts of its Wall Street friends athe the expense of ordinary homeowners and citizens, all paid for by taxpayer funds.”

Report this

By Expat, March 19, 2008 at 4:48 am Link to this comment

I wonder if justice will ever be served?  This present administration has nearly completed it’s rape of America.  It has long been said; America will never be destroyed by an outside enemy, only from within.

Report this

By Expat, March 19, 2008 at 4:38 am Link to this comment

^ comment or write about the shrub; would you please not include his picture?  I find it the single most offensive thing I’ve seen in the last 30 years.  Thank you for your consideration.

Report this

By Greg Bacon, March 19, 2008 at 4:23 am Link to this comment

By F William Engdahl

The spectacular and bizarre release of secret FBI wiretap data to the New York Times exposing the tryst of New York State governor Eliot Spitzer, the now-infamous client “No 9”, with an upmarket call-girl had relatively little to do with the George W Bush administration’s pursuit of high moral standards for public servants. Spitzer was likely the target of a White House and Wall Street dirty tricks operation to silence one of the most dangerous and vocal critics of their handling of the current financial market crisis.

Why the attack now?
Spitzer had become increasingly public in blaming the Bush administration for the nation’s current financial and economic disaster. He testified in Washington in mid-February before the US House of Representatives Financial Services subcommittee on the problems in New York-based specialized insurance companies, known as “monoline” insurers. In a national CNBC TV interview the same day, he laid blame for the crisis and its broader economic fallout on the Bush administration.

Spitzer recalled that several years ago the US Office of the Comptroller of the Currency (OCC) went to court and blocked New York State efforts to investigate the mortgage activities of national banks. Spitzer argued that the OCC did not put a stop to questionable loan marketing practices or uphold higher underwriting standards.

“This could have been avoided if the OCC had done its job,” Spitzer said in the interview. “The OCC did nothing. The Bush administration let the housing bubble inflate and now that it’s deflating we’re dealing with the consequences. The real failure, the genesis, the germ that has spread, was the subprime scandal,” Spitzer said.

That TV interview was only one instance of Spitzer laying blame on the Bush Republicans. On February 14, Spitzer published a signed article in the influential Washington Post titled, “Predatory Lenders’ Partner in Crime: How the Bush Administration Stopped the States From Stepping In to Help Consumers.”

That article, laying clear blame on the administration for the development of the subprime crisis, appeared the day after his ill-fated tryst with the prostitute at the Mayflower Hotel. Just a coincidence? Spitzer wrote, “In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act pre-empting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks.”

In his article, Spitzer charged, “Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.”

Bush, said Spitzer right in the headline, was the “predator lenders’ partner in crime”. The president, said Spitzer, was a fugitive from justice.

http://www.atimes.com/atimes/Global_Economy/JC20Dj04.html

Report this

By weather, March 19, 2008 at 4:05 am Link to this comment
(Unregistered commenter)

into a new and very challenged century w/esteemable hope, we’ve been dragged down into a dark, draconian hole w/out a flashlight - and this sad, inept little man is America’s tour guide, whose had all the help he could have ever needed from the MSM monster.

In broad daylight and w/great calculation WE turned over the title of the house and didn’t even know it.

If you’re ever forged a belief system outside of self w/what maybe considered the God of your understanding you better get comfortable w/it now, because this part in the screenplay that’s scary enough to frighten Stephen King.

Report this

Page 2 of 2 pages  <  1 2

 
Monsters of Our Own Creation? Get tickets for this Truthdig discussion of America's role in the Middle East.
Right 1, Site wide - BlogAds Premium
 
Right Skyscraper, Site Wide
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.

Like Truthdig on Facebook