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Thread: Bush is a great man!!

  1. #1
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    Default Bush is a great man!!

    He made some mistakes but he admits and faces them like a cowboy; at least he did not tell US to be thankful.

    WASHINGTON - PRESIDENT George W. Bush expressed regret on Monday that the global financial crisis has cost jobs and shrinking retirement accounts and said he will support more government intervention if needed to ease the recession.

    'I'm sorry it's happening, of course,' Mr Bush said in a wide-ranging interview with ABC's World News, which was airing on Monday.'

    'Obviously I don't like the idea of people losing jobs, or being worried about their 401(k)s. On the other hand, the American people got to know that we will safeguard the system. I mean, we're in. And if we need to be in more, we will.'

    The retirement account known as 401(k) is a government-approved system that allows workers to save before-tax dollars in stock or other accounts, with tax to be paid only after retirement when the retiree can expect his income to be smaller and thus be taxed at a lower rate under the US progressive income tax system.

    The US economy fell into a recession in December 2007, the National Bureau of Economic Research reported on Monday.

    Many economists believe the current downturn will last until the middle of 2009 and will be the most severe slump since the 1981-82 recession.

    On the war in Iraq, Mr Bush said the biggest regret of his presidency was the 'intelligence failure' regarding the extent of the Saddam Hussein threat to the United States.

    With the support of Congress, Mr Bush ordered the US-led invasion of Iraq in March 2003, a decision largely justified on grounds that Saddam was building weapons of mass destruction. That later proved to be false.

    'A lot of people put their reputations on the line and said the weapons of mass destruction is a reason to remove Saddam Hussein,' Mr Bush said.

    'That's not a do-over, but I wish the intelligence had been different, I guess.'

    Asked if he would have ordered the US-led invasion if intelligence reports had accurately indicated that Saddam did not have the weapons, Mr Bush replied: 'You know, that's an interesting question. That is a do-over that I can't do. It's hard for me to speculate.'

    During a discussion about what Americans should know about what it is like to be president, Mr Bush was asked what he was most unprepared for going into the office.

    'I think I was unprepared for war,' he said.

    'In other words, I didn't campaign and say, 'Please vote for me, I'll be able to handle an attack.' In other words, I didn't anticipate war.'

    Presidents - one of the things about the modern presidency is that the unexpected will happen.'

    On the presidential election, Mr Bush called Mr Barack Obama's victory a 'repudiation of Republicans.'

    'I'm sure some people voted for Barack Obama because of me,' said Mr Bush, who leaves office with low approval ratings.

    'I think most people voted for Barack Obama because they decided they wanted him to be in their living room for the next four years explaining policy. In other words, they made a conscious choice to put him in as president.'

    As he leaves office, Mr Bush said he felt responsible for the economic downturn because it is occurring on his watch, but he added: 'I think when the history of this period is written, people will realise a lot of the decisions that were made on Wall Street took place over a decade or so' before he became president.'

    He said he would like to see 'instant liquidity' in the markets given the extent of the financial rescue plan, yet he understands that fear has paralysed the markets.

    'Slowly but surely the system is becoming unthawed, and it's going to take time for the system to become unthawed,' he said.

    'What the American people have got to know is we've taken the steps to unthaw it, which is the first step to recovery.'

    'It is hard for the average citizen to understand how frozen the system became and how over-leveraged the system became,' he said.

    'And so what we're watching is the de-leveraging of our financial markets, which is obviously affecting the growth of the economy.'

    Last week, the Bush administration and the Federal Reserve pledged US$800 billion (S$1.22 billion) to break through blockades on credit cards, auto loans, mortgages and other borrowing.

    The latest moves raised US commitments to contain the financial crisis to nearly US$7 trillion - although no one thinks the government will spend that much.

    The figures include loans that are expected to be repaid, loan authorities to back mortgages, purchases of stock in banks, guarantees to support loans among banks and pledges backing other transactions.

    'This economy will recover,' Mr Bush said in the interview conducted on Wednesday at the Camp David presidential retreat.

    'And when it recovers, many of the assets backed by the government now will be redeemed, and we will - could conceivably - make money off of some of the holdings.'

    Later in the interview, he said: 'I can't guarantee that we'll get all our money back, but it's conceivable we could.' -- AP

  2. #2
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    Default Re: Bush is a great man!!

    Great men know how to say I am sorry. They will not say it was an honest mistake. Or what do you expect me to do?

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    Default Re: Bush is a great man!!

    Ah well, I can't wait for Jan 20th to come soon enough. As for what Bush said, I would rather want to give him a bit of the benefit of the doubt.

    At least he recognises the fact that Obama's victory was to repudiate what Bush has done. LKY wouldn't have done the same.
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    Default Re: Bush is a great man!!

    Quote Originally Posted by The_Latest_H View Post
    Ah well, I can't wait for Jan 20th to come soon enough. As for what Bush said, I would rather want to give him a bit of the benefit of the doubt.
    I'm a great fan of George Bush. He shoots first and asks questions later. That's how the West was won and that how those fucking muslims should be dealt with.

    I only wish he'd nuked the Middle East, In my opinion, he didn't go far enough.


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    Default Re: Bush is a great man!!

    WTF.. US is in recession since Dec 2007 but only announced it offically now. After all the fiasco now he said he is sorry. He ordered the invasion of Iraq and sent thousands of people to their death and now he said he regretted it because of misguided intelligence. In my opinion, he is the worst president ever .....

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    Default Re: Bush is a great man!!

    How not to go far??? He scared shit that his White House and Pentagon will be bombed again if he tries to be funny...

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    Default Re: Bush is a great man!!

    George Bush was the greatest idiot ever that got to be President...
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    Default Re: Bush is a great man!!

    Bush is a great man!!
    Poor Bush has been sabotaged by almost everyone over the war in Iraq

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    Default Re: Bush is a great man!!

    bush brain was damage by religion.

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    Default Re: Bush is a great man!!

    Quote Originally Posted by Leongsam View Post
    I'm a great fan of George Bush. He shoots first and asks questions later. That's how the West was won and that how those fucking muslims should be dealt with.

    I only wish he'd nuked the Middle East, In my opinion, he didn't go far enough.
    Sure, nuke the ME and ensure a cold nuke winter for the whole world. That's the smartest thing you can ever think of, don't you, Sam? Simple, over simple, and just excessively rash.

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  11. #11
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    Default Re: Bush is a great man!!

    There won't be much difference in Obama's foreign policy to Bush's.

    Bush did the right thing and Iraq will be better off in long run.

    History will show that Bush will be remembered for the tough decisions he had made and also history would show that Obama is the first black President thats all.

    The so called dream team will fall apart sooner than you think.

    Bill Clinton once said he regretted not preventing the genocide in Rwanda '94.

    My bet is that someonein the new administration gonna get fired in the first 100 days.

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    Default Re: Bush is a great man!!

    Quote Originally Posted by rickws8437 View Post
    WTF.. US is in recession since Dec 2007 but only announced it offically now. After all the fiasco now he said he is sorry. He ordered the invasion of Iraq and sent thousands of people to their death and now he said he regretted it because of misguided intelligence. In my opinion, he is the worst president ever .....
    Where did he said he regretted sending thousands of people to their death? Any hard proof?

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    Default Re: Bush is a great man!!

    Quote Originally Posted by chupacabra View Post
    Where did he said he regretted sending thousands of people to their death? Any hard proof?
    He regretted going to war based on misguided intelligence but i dun think he regretted sending thousands of people to their deaths

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