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Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
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Showing posts with label Pres 2001 43 Bush-George Walker. Show all posts
Showing posts with label Pres 2001 43 Bush-George Walker. Show all posts

Sunday, November 23, 2008

New York Times Op Ed columnist suggests Bush turn the presidency over to Pelosi for a Thanksgiving present…



New York Times Op-Ed columnist Gail Collins has suggested that for Thanksgiving President George W. Bush and Vice President Dick Chaney ought to resign and turn the president’s office over to House Speaker Nancy Pelosi.

No, this is not April Fools Day and to the best of knowledge, this is not a spoof.

And no this is not humor from The Onion or a Katie Couric dream sequence.

It’s well, read on…



Thanksgiving is next week, and President Bush could make it a really special holiday by resigning.

Gail Collins photo by Tony Cenicola/The New York Times

Seriously. We have an economy that’s crashing and a vacuum at the top. Bush — who is currently on a trip to Peru to meet with Asian leaders who no longer care what he thinks — hasn’t got the clout, or possibly even the energy, to do anything useful. His most recent contribution to resolving the fiscal crisis was lecturing representatives of the world’s most important economies on the glories of free-market capitalism.

Putting Barack Obama in charge immediately isn’t impossible. Dick Cheney, obviously, would have to quit as well as Bush. In fact, just to be on the safe side, the vice president ought to turn in his resignation first. (We’re desperate, but not crazy.) Then House Speaker Nancy Pelosi would become president until Jan. 20. Obviously, she’d defer to her party’s incoming chief executive, and Barack Obama could begin governing.


Read the entire column here: New York Times Op-Ed Columnist Time for Him to Go By Gail Collins

http://www.nytimes.com/2008/11/22/opinion/22collins.html

20081122 NYT Op Ed Columnist Time for Him to Go By Gail Collins

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Saturday, November 15, 2008

Presidents Radio Address for November 14 2008

Presidents Radio Address for November 14 2008

For Immediate Release
Office of the Press Secretary
November 14, 2008
President's Radio Address
President's Radio Address Audio En Español

In Focus: Economy

THE PRESIDENT: Good morning. This weekend I am hosting a summit on the global financial crisis with leaders of developed and developing nations. By working together, I'm confident that with time we can overcome this crisis and return our economies to the path of growth and vitality.

I know many of you listening are worried about the challenges facing our economy. Stock market declines have eroded the value of retirement accounts and pension funds. The tightening of credit has made it harder for families to borrow money for cars, homes, and education. Businesses have found it harder to get loans to expand their operations and create jobs. Many nations have suffered job losses and have serious concerns about the worsening economy.

Nations around the world have responded to this situation with bold measures, and our actions are having an impact. Credit markets are beginning to thaw and businesses are gaining access to essential short-term financing. It will require more time for these improvements to fully take hold and there will be more difficult days ahead, but the United States and our partners are taking the right steps to get through the crisis.

As we address the current crisis, we also need to make broader reforms to adapt our financial systems to the 21st century. So during this summit, I will work with other leaders to establish principles for reform, such as making markets more transparent and ensuring that markets, firms, and financial products are properly regulated.

All these steps will require decisive actions from governments around the world. At the same time, we must recognize that government intervention is not a cure-all. While reforms in the financial sector are essential, the long-term solution to today's problems is sustained economic growth. And the surest path to that growth is free markets and free people.

This is a decisive moment for the global economy. In the wake of the financial crisis voices from the left and right are equating the free enterprise system with greed, exploitation, and failure. It is true that this crisis included failures by lenders and borrowers, by financial firms, by governments and independent regulators. But the crisis was not a failure of the free market system. And the answer is not to try to reinvent that system. It is to fix the problems we face, make the reforms we need, and move forward with the free market principles that have delivered prosperity and hope to people around the world.

The benefits of free market capitalism have been proven across time, geography, and culture. Around the world free market capitalism has allowed once impoverished nations to develop large and prosperous economies. And here at home, free market capitalism is what transformed America from a rugged frontier to the greatest economic power in history.

Just as important as maintaining free markets within countries is maintaining the free movement of goods and services between countries. There are many ways for nations to demonstrate their commitment to open markets. The United States Congress can take the lead by approving free trade agreements with Colombia, Panama, and South Korea before adjourning for the year.

In the long run, Americans can be confident in the future of our economy. We will work with our partners around the world to address the problems in the global financial system. We will strengthen our economy. And we will continue to lead the world toward prosperity and peace.

Thank you for listening.

# # #

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2008114 Presidents Radio Address for November 14 2008

Tuesday, November 11, 2008

President Bush Visits Intrepid Sea, Air & Space Museum

President Bush Visits Intrepid Sea, Air & Space Museum

For Immediate Release
Office of the Press Secretary

November 11, 2008
President Bush Visits Intrepid Sea, Air & Space Museum
John F. Kennedy International Airport
New York, New York

Video (Windows) /news/releases/2008/11/20081111.wm.v.html
Presidential Remarks
Audio
In Focus: Veterans

10:16 A.M. EST

THE PRESIDENT: As you can see, I have the honor of traveling with men and women who have volunteered to serve our nation in a time of war. Behind me are five outstanding Americans representing each branch of the military service. I am with them today because we are celebrating Veterans Day.

Veterans have inspired troops such as these. Veterans have inspired me. I was raised by a veteran. I appreciate the commitment to our country that the veterans have made. I am committed to making sure that today's veterans get all the health care and support they need from the federal government for agreeing to serve in a time of danger.

Our nation is blessed because our liberties have been defended by brave men and women in the past. And we are blessed to have brave men and women defend our liberties today.

God bless our veterans. Thank you. (Applause.)

END 10:17 A.M. EST

###

Return to this article at: http://www.whitehouse.gov/news/releases/2008/11/20081111.html

20081111 Bush visits Intrepid Sea and Space Museum

The President’s Radio Message for November 8 2008

The President’s Radio Message for November 8 2008

For Immediate Release
Office of the Press Secretary
November 8, 2008
President's Radio Address

President's Radio Address
Audio
En Español
In Focus: Transition

THE PRESIDENT: Good morning. Earlier this week, more than 120 million Americans went to the polls and voted for a new President and Congress. No matter how we cast our ballots, all Americans have reason to be proud of our democracy. Our citizens have chosen a President who represents a triumph of the American story -- a testament to hard work, optimism, and faith in the enduring promise of our Nation.

When I called President-Elect Obama to congratulate him on his historic victory, I told him that he can count on my complete cooperation as he makes his transition to the White House. Ensuring that this transition is seamless is a top priority for the rest of my time in office. Our country faces economic challenges that will not pause to let a new President settle in. This will also be America's first wartime presidential transition in four decades. We're in a struggle against violent extremists determined to attack us -- and they would like nothing more than to exploit this period of change to harm the American people.

So my Administration will work hard to ensure that the next President and his team can hit the ground running. For more than a year now, the White House and agencies throughout the Federal government have been preparing for a smooth transition. We've provided intelligence briefings to the President-Elect, and the Department of Justice has approved security clearances for members of his transition staff. In the coming weeks, we will ask Administration officials to brief the Obama team on major ongoing policy issues, ranging from the financial markets to the war in Iraq. I will keep the President-Elect fully informed on important decisions during this critical time for our Nation. Taken together, these measures represent an unprecedented effort to ensure continuity throughout the executive branch.

A successful transition is just one of the many important tasks remaining for my Administration. Yesterday we learned that America's economy lost jobs in the month of October, and I will continue working hard to return our Nation to the path of prosperity and growth. To help address the global financial crisis, my Administration will host an historic international summit in Washington on November 15. We will also keep urging Congress to approve America's free trade agreements with Colombia and Panama and South Korea. We will continue working to defeat the terrorists and extremists abroad, to keep the American people safe here at home.

Americans expect their President to conduct the people's business. I will continue to uphold this solemn obligation for as long as this office remains in my trust. In the meantime, I join the American people in wishing President-Elect Obama every success. Laura and I wish the Obama family as much joy and happiness as our family has found in this wonderful house.

Thank you for listening.

# # #

Return to this article at: http://www.whitehouse.gov/news/releases/2008/11/20081108.html


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20081108 The Presidents Radio Message for November 8 2008

Monday, November 10, 2008

AP: Obama Bush complete private White House meeting

AP: Obama, Bush complete private White House meeting By BEN FELLER, Associated Press Writer Ben Feller, Associated Press Writer – November 10, 2008

Featured Topics: Barack Obama Presidential Transition

WASHINGTON – The Bushes welcomed the Obamas to the White House on Monday, visiting for nearly two hours and offering the nation a glimpse of a new first family at 1600 Pennsylvania Ave. President-elect Obama and President Bush met in the Oval Office, their first substantive one-on-one session, while first lady Laura Bush and Obama's wife, Michelle, talked in the White House residence.

[…]

Mrs. Bush was to give Mrs. Obama a tour of the first family's living quarters, including the bedrooms used by children of past presidents. White House press secretary Dana Perino said the two women were expected to talk about living in one of the world's most famous buildings, from family life to the help provided by executive staff.

The Obamas have two daughters: Malia, 10, and Sasha, 7. Obama started his day in Chicago, dropping the two girls at school, each with a kiss, and then going to a gym for a workout.

Obama told reporters last week that he was headed to the White House meeting with "a spirit of bipartisanship."

He ran a campaign in which he relentlessly linked Republican opponent John McCain to Bush and presented his ideas as a fresh alternative to what he called Bush's failed policies. Yet the tone changed almost immediately after Obama's win last Tuesday.

Bush, who had endorsed McCain, lauded Obama's victory as a "triumph of the American story." He warmly invited the Obama family to the White House.
Obama, in turn, thanked Bush for being gracious. The president-elect has made clear in public that there is only one president and for now that's Bush. Obama takes the oath of office on Jan. 20.

Josh Bolten, Bush's chief of staff, said Bush and Obama probably each had a list of issues to discuss.

[…]


Read the entire article here: Obama, Bush complete private White House meeting

http://news.yahoo.com/s/ap/20081110/ap_on_el_pr/bush_obama

20081010 AP Obama Bush complete private White House meeting

First Bush-Obama Meeting: Hard Feelings and Hand Sanitizer


As President Bush and President-elect Barack Obama prepare for their post-election meeting at the White House on Monday, memories of their first encounter linger.

Bill Sammon FOXNews.com Sunday, November 09, 2008

President Bush and President-elect Barack Obama are probably hoping their meeting Monday goes better than their first get-together, which left a bad taste in the mouths of both men.

Four years ago, Obama and other newly elected members of the Senate were invited to the White House for a breakfast meeting with Bush, who pulled the young Chicagoan aside.

"Obama!" Bush exclaimed, according to Obama's account of the meeting in his second memoir, "The Audacity of Hope." "Come here and meet Laura. Laura, you remember Obama. We saw him on TV during election night. Beautiful family. And that wife of yours -- that's one impressive lady."

The two men shook hands and then, according to Obama, Bush turned to an aide, "who squirted a big dollop of hand sanitizer in the president's hand."

Bush then offered some to Obama, who recalled: "Not wanting to seem unhygienic, I took a squirt."

The president then led Obama off to one side of the room, where Bush said: "I hope you don't mind me giving you a piece of advice."

"Not at all, Mr. President," Obama told the commander-in-chief.

"You've got a bright future," Bush said presciently. "Very bright. But I've been in this town awhile and, let me tell you, it can be tough. When you get a lot of attention like you've been getting, people start gunnin' for ya. And it won't necessarily just be coming from my side, you understand. From yours, too. Everybody'll be waiting for you to slip, know what I mean? So watch yourself."

[…]

I thought I was actually showing some kindness," Bush said indignantly. "And out of that he came with this belief?"

The president added with a bit of a scowl: "He doesn't know me very well."
(Ed: My emphasis)

[…]


Remove all heavy and sharp objects from the room and read the entire article… First Bush-Obama Meeting: Hard Feelings and Hand Sanitizer. It should remind you of the Ann Coulter admonishment – sometimes, you can never be nice to a liberal. Wow, did I ever learn that lesson the hard way…

Bill Sammon is Washington Deputy Managing Editor for FOX News.

http://elections.foxnews.com/2008/11/09/bush-obama-meeting-hard-feelings-hand-sanitier/#

20081109 First Bush Obama Meeting Hard Feelings and Hand Sanitizer

Bush Gets Emotional Over White House Transition

Bush Gets Emotional Over White House Transition

November 06, 2008 1:01 PM

Related: 20081106 Pres Bush discusses the transition with White House employees

ABC News' Jennifer Duck Reports: President Bush became visibly emotional after speaking about the transition of his presidential powers to President-elect Barack Obama and his team.

After a private meeting with his cabinet, President Bush spoke publicly to around 1,000 White House staffers on the South Lawn.

The administration has been touting their transition efforts which have been underway for over a year.

[…]

The president and First Lady have invited the Obama family to the White House and announced Thursday he will personally speak with the president-elect next week on issues ranging from financial markets to the war in Iraq.

[…]

The president
took a moment to address the personal issue of White House staffers leaving their posts on Inauguration Day.

[…]

The president became emotional when wrapping up his speech. Visibly moved, Bush bit his lip and the First Lady gave him a hug.


Read the entire article here: Bush Gets Emotional Over White House Transition

http://blogs.abcnews.com/politicalradar/2008/11/bush-gets-emoti.html

20081106 Bush Gets Emotional Over White House Transition

President Bush discusses the transition with White House employees

President Bush discusses the transition with White House employees

For Immediate Release
Office of the Press Secretary
November 6, 2008 11:12 A.M. EST

THE PRESIDENT: Thank you all for coming. Mr. Vice President and Lynne, thank you for being here with us. Laura and I welcome you to the South Lawn -- better known as Barney's playground. (Laughter.)

I want to thank members of my Cabinet who've joined us. We've just finished a Cabinet meeting, and it gave me a chance to tell them how much I appreciate the good work they're doing during this critical time for our nation.

I also appreciate the men and women who make up the Executive Office of the President for joining us today. (Applause.) Some of you have been at the White House for just a few months. Others arrived the same day that we did nearly eight years ago. You're the ones who can tell that my hair has gotten a little grayer. (Laughter.) Others are career employees who have been here for 30, or 40, sometimes 50 years. I can tell that your hair has gotten grayer. (Laughter.)

The people on this lawn represent diverse backgrounds, talents, and experiences. Yet we all share a steadfast devotion to the United States. We believe that service to our fellow citizens is a noble calling -- and the privilege of a lifetime.

This is an exciting time for our country. Earlier this week, more than 120 million people voted for a new President and Congress -- one of the largest turnouts in the history of the country. No matter how we cast our ballots, this election gives us all reason to be proud of our democracy and our country. And I hope you will join Laura and me in congratulating President-Elect Obama, and wishing him the very best for his family and our country. (Applause.)




Just before our inauguration in 2001, Laura and I went back to Midland, Texas -- she was born there and I was raised there. I said that Laura and I would "never quite settle in Washington." I told them: "While the honor is great, the work is temporary." This is true for many of us here today. This peaceful transfer of power is one of the hallmarks of a true democracy. And ensuring that this transition is as smooth as possible is a priority for the rest of my presidency. We face economic challenges that will not pause to let a new President settle in. This will also be America's first wartime presidential transition in four decades. We're in a struggle against violent extremists determined to attack us -- and they would like nothing more than to exploit this period of change to harm the American people.

So over the next 75 days, all of us must ensure that the next President and his team can hit the ground running. For more than a year now, departments and agencies throughout the federal government have been preparing for a smooth transition. We've provided intelligence briefings to the President-Elect, and the Department of Justice has approved security clearances for members of his transition staff. In the coming weeks, we will ask administration officials to brief the Obama team on ongoing policy issues, ranging from the financial markets to the war in Iraq. I look forward to discussing those issues with the President-Elect early next week.

Offices within the White House are at work preparing extensive transition materials. We're preparing career employees throughout the administration to take on added responsibilities to help prevent any disruption to the essential functions of the federal government.

Taken together, these measures represent an unprecedented effort to ensure that the executive branch is prepared to fulfill its responsibilities at all times. As we carry out this transition I know that you will continue to conduct yourselves with the decency and professionalism you have shown throughout my time in office.

A successful transition is just one of many important tasks remaining in our last 75 days. To help address the global financial crisis, the Secretary of Treasury is working endless hours, and I will host an international summit here in Washington on November the 15th. This will be a historic meeting -- and I'm confident that you will work hard to help make it a success.

We'll also keep urging Congress to approve America's free trade agreements with Colombia, Panama, and South Korea. And we will continue to protect this homeland by defeating the terrorists and extremists abroad, so we do not have to face them here at home. (Applause.)

As January 20th draws near, some of you may be anxious about finding a new job, or a new place to live. I know how you feel. (Laughter.) But between now and then, we must keep our attention on the task at hand -- because the American people expect no less. Earlier this year, I promised that I would sprint to the finish. I am keeping that promise, and I know I have given some of you a good workout along the way. As we head into this final stretch, I ask you to remain focused on the goals ahead. I will be honored to stand with you at the finish line. May God bless you.

END 11:19 A.M. EST


Return to this article at:http://www.whitehouse.gov/news/releases/2008/11/20081106-1.html

20081106 Pres Bush discusses the transition with White House employees

Thursday, November 06, 2008

President Bush Discusses Presidential Election


President Bush Discusses Presidential Election

For Immediate Release
Office of the Press Secretary
November 5, 2008

Rose Garden
10:20 A.M. EST

THE PRESIDENT: Good morning. Last night, I had a warm conversation with President-elect Barack Obama. I congratulated him and Senator Biden on their impressive victory. I told the President-elect he can count on complete cooperation from my administration as he makes the transition to the White House.

I also spoke to Senator John McCain. I congratulated him on a determined campaign that he and Governor Palin ran. The American people will always be grateful for the lifetime of service John McCain has devoted to this nation. And I know he'll continue to make tremendous contributions to our country.

No matter how they cast their ballots, all Americans can be proud of the history that was made yesterday. Across the country, citizens voted in large numbers. They showed a watching world the vitality of America's democracy, and the strides we have made toward a more perfect union. They chose a President whose journey represents a triumph of the American story -- a testament to hard work, optimism, and faith in the enduring promise of our nation.

Many of our citizens thought they would never live to see that day. This moment is especially uplifting for a generation of Americans who witnessed the struggle for civil rights with their own eyes -- and four decades later see a dream fulfilled.

A long campaign has now ended, and we move forward as one nation. We're embarking on a period of change in Washington, yet there are some things that will not change. The United States government will stay vigilant in meeting its most important responsibility -- protecting the American people. And the world can be certain this commitment will remain steadfast under our next Commander-in-Chief.

There's important work to do in the months ahead, and I will continue to conduct the people's business as long as this office remains in my trust. During this time of transition, I will keep the President-elect fully informed on important decisions. And when the time comes on January the 20th, Laura and I will return home to Texas with treasured memories of our time here -- and with profound gratitude for the honor of serving this amazing country.

It will be a stirring sight to watch President Obama, his wife, Michelle, and their beautiful girls step through the doors of the White House. I know millions of Americans will be overcome with pride at this inspiring moment that so many have awaited so long. I know Senator Obama's beloved mother and grandparents would have been thrilled to watch the child they raised ascend the steps of the Capitol -- and take his oath to uphold the Constitution of the greatest nation on the face of the earth.

Last night I extended an invitation to the President-elect and Mrs. Obama to come to the White House. And Laura and I are looking forward to welcoming them as soon as possible.

Thank you very much.
END 10:23 A.M. EST

20081105 President Bush Discusses Presidential Election

Saturday, September 27, 2008

President's Radio Address

For Immediate ReleaseOffice of the Press SecretarySeptember 27, 2008

President's Radio Address

In Focus: Economy
THE PRESIDENT: Good morning. This is an extraordinary period for America's economy. Many Americans are anxious about their finances and their future. On Wednesday, I spoke to the Nation, and thanked Congress for working with my Administration to address the instability in our financial system. On Thursday, I hosted Senator McCain, Senator Obama, and congressional leaders from both parties at the White House to discuss the urgency of passing a bipartisan rescue package for our economy.

The problems in our economy are extremely complex, but at their core is uncertainty over "mortgage-backed securities." Many of these financial assets relate to home mortgages that have lost value during the housing decline. In turn, the banks holding these assets have restricted credit, and businesses and consumers have found it more difficult to obtain affordable loans. As a result, our entire economy is in danger. So I proposed that the Federal government reduce the risk posed by these troubled assets, and supply urgently needed money to help banks and other financial institutions avoid collapse and resume lending.

I know many of you listening this morning are frustrated with the situation. You make sacrifices every day to meet your mortgage payments and keep up with your bills. When the government asks you to pay for mistakes on Wall Street, it does not seem fair. And I understand that. And if it were possible to let every irresponsible firm on Wall Street fail without affecting you and your family, I would do it. But that is not possible. The failure of the financial system would mean financial hardship for many of you.

The failure of the financial system would cause banks to stop lending money to one another and to businesses and consumers. That would make it harder for you to take out a loan or borrow money to expand a business. The result would be less economic growth and more American jobs lost. And that would put our economy on the path toward a deep and painful recession.

The rescue effort we're negotiating is not aimed at Wall Street -- it is aimed at your street. And there is now widespread agreement on the major principles. We must free up the flow of credit to consumers and businesses by reducing the risk posed by troubled assets. We must ensure that taxpayers are protected, that failed executives do not receive a windfall from your tax dollars, and that there is a bipartisan board to oversee these efforts.

Under the proposal my Administration sent to Congress, the government would spend up to $700 billion to buy troubled assets from banks and other financial institutions. I know many Americans understand the urgency of this action, but are concerned about such a high price tag. Well, let me address this directly:

The final cost of this plan will be far less than $700 billion. And here's why: As fear and uncertainty have gripped the market for mortgage-related assets, their price has dropped sharply. Yet many of these assets still have significant underlying value, because the vast majority of people will eventually pay off their mortgages. In other words, many of the assets the government would buy are likely to go up in price over time. This means that the government will be able to recoup much, if not all, of the original expenditure.

Members of Congress from both sides of the aisle have contributed constructive proposals that have improved this plan. I appreciate the efforts of House and Senate Democratic and Republican leaders to bring a spirit of bipartisan cooperation to these discussions. Our Nation's economic well-being is an issue that transcends partisanship. Republicans and Democrats must continue to address it together. And I am confident that we will pass a bill to protect the financial security of every American very soon.

Thank you for listening.

# # #

20080927 President’s Radio Address

http://www.whitehouse.gov/news/releases/2008/09/20080927.html

Thursday, September 25, 2008

President Bush’s address to the nation on the economic crisis


President Bush’s address to the nation on the economic crisis

For Immediate Release
Office of the Press Secretary
September 24, 2008
President's Address to the Nation
State Floor

Video (Windows) /news/releases/2008/09/20080924-10.wm.v.html

Presidential Remarks
Audio
In Focus: Economy

9:01 P.M. EDT

THE PRESIDENT: Good evening. This is an extraordinary period for America's economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand their worry and their frustration. We've seen triple-digit swings in the stock market. Major financial institutions have teetered on the edge of collapse, and some have failed. As uncertainty has grown, many banks have restricted lending. Credit markets have frozen. And families and businesses have found it harder to borrow money.

We're in the midst of a serious financial crisis, and the federal government is responding with decisive action. We've boosted confidence in money market mutual funds, and acted to prevent major investors from intentionally driving down stocks for their own personal gain.

Most importantly, my administration is working with Congress to address the root cause behind much of the instability in our markets. Financial assets related to home mortgages have lost value during the housing decline. And the banks holding these assets have restricted credit. As a result, our entire economy is in danger. So I've proposed that the federal government reduce the risk posed by these troubled assets, and supply urgently-needed money so banks and other financial institutions can avoid collapse and resume lending.

This rescue effort is not aimed at preserving any individual company or industry -- it is aimed at preserving America's overall economy. It will help American consumers and businesses get credit to meet their daily needs and create jobs. And it will help send a signal to markets around the world that America's financial system is back on track.

I know many Americans have questions tonight: How did we reach this point in our economy? How will the solution I've proposed work? And what does this mean for your financial future? These are good questions, and they deserve clear answers.

First, how did our economy reach this point?

Well, most economists agree that the problems we are witnessing today developed over a long period of time. For more than a decade, a massive amount of money flowed into the United States from investors abroad, because our country is an attractive and secure place to do business. This large influx of money to U.S. banks and financial institutions -- along with low interest rates -- made it easier for Americans to get credit. These developments allowed more families to borrow money for cars and homes and college tuition -- some for the first time. They allowed more entrepreneurs to get loans to start new businesses and create jobs.

Unfortunately, there were also some serious negative consequences, particularly in the housing market. Easy credit -- combined with the faulty assumption that home values would continue to rise -- led to excesses and bad decisions. Many mortgage lenders approved loans for borrowers without carefully examining their ability to pay. Many borrowers took out loans larger than they could afford, assuming that they could sell or refinance their homes at a higher price later on.

Optimism about housing values also led to a boom in home construction. Eventually the number of new houses exceeded the number of people willing to buy them. And with supply exceeding demand, housing prices fell. And this created a problem: Borrowers with adjustable rate mortgages who had been planning to sell or refinance their homes at a higher price were stuck with homes worth less than expected -- along with mortgage payments they could not afford. As a result, many mortgage holders began to default.

These widespread defaults had effects far beyond the housing market. See, in today's mortgage industry, home loans are often packaged together, and converted into financial products called "mortgage-backed securities." These securities were sold to investors around the world. Many investors assumed these securities were trustworthy, and asked few questions about their actual value. Two of the leading purchasers of mortgage-backed securities were Fannie Mae and Freddie Mac. Because these companies were chartered by Congress, many believed they were guaranteed by the federal government. This allowed them to borrow enormous sums of money, fuel the market for questionable investments, and put our financial system at risk.

The decline in the housing market set off a domino effect across our economy. When home values declined, borrowers defaulted on their mortgages, and investors holding mortgage-backed securities began to incur serious losses. Before long, these securities became so unreliable that they were not being bought or sold. Investment banks such as Bear Stearns and Lehman Brothers found themselves saddled with large amounts of assets they could not sell. They ran out of the money needed to meet their immediate obligations. And they faced imminent collapse. Other banks found themselves in severe financial trouble. These banks began holding on to their money, and lending dried up, and the gears of the American financial system began grinding to a halt.

With the situation becoming more precarious by the day, I faced a choice: To step in with dramatic government action, or to stand back and allow the irresponsible actions of some to undermine the financial security of all.

I'm a strong believer in free enterprise. So my natural instinct is to oppose government intervention. I believe companies that make bad decisions should be allowed to go out of business. Under normal circumstances, I would have followed this course. But these are not normal circumstances. The market is not functioning properly. There's been a widespread loss of confidence. And major sectors of America's financial system are at risk of shutting down.

The government's top economic experts warn that without immediate action by Congress, America could slip into a financial panic, and a distressing scenario would unfold:

More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet. Foreclosures would rise dramatically. And if you own a business or a farm, you would find it harder and more expensive to get credit. More businesses would close their doors, and millions of Americans could lose their jobs. Even if you have good credit history, it would be more difficult for you to get the loans you need to buy a car or send your children to college. And ultimately, our country could experience a long and painful recession.

Fellow citizens: We must not let this happen. I appreciate the work of leaders from both parties in both houses of Congress to address this problem -- and to make improvements to the proposal my administration sent to them. There is a spirit of cooperation between Democrats and Republicans, and between Congress and this administration. In that spirit, I've invited Senators McCain and Obama to join congressional leaders of both parties at the White House tomorrow to help speed our discussions toward a bipartisan bill.

I know that an economic rescue package will present a tough vote for many members of Congress. It is difficult to pass a bill that commits so much of the taxpayers' hard-earned money. I also understand the frustration of responsible Americans who pay their mortgages on time, file their tax returns every April 15th, and are reluctant to pay the cost of excesses on Wall Street. But given the situation we are facing, not passing a bill now would cost these Americans much more later.

Many Americans are asking: How would a rescue plan work?

After much discussion, there is now widespread agreement on the principles such a plan would include. It would remove the risk posed by the troubled assets -- including mortgage-backed securities -- now clogging the financial system. This would free banks to resume the flow of credit to American families and businesses. Any rescue plan should also be designed to ensure that taxpayers are protected. It should welcome the participation of financial institutions large and small. It should make certain that failed executives do not receive a windfall from your tax dollars. It should establish a bipartisan board to oversee the plan's implementation. And it should be enacted as soon as possible.

In close consultation with Treasury Secretary Hank Paulson, Federal Reserve Chairman Ben Bernanke, and SEC Chairman Chris Cox, I announced a plan on Friday. First, the plan is big enough to solve a serious problem. Under our proposal, the federal government would put up to $700 billion taxpayer dollars on the line to purchase troubled assets that are clogging the financial system. In the short term, this will free up banks to resume the flow of credit to American families and businesses. And this will help our economy grow.

Second, as markets have lost confidence in mortgage-backed securities, their prices have dropped sharply. Yet the value of many of these assets will likely be higher than their current price, because the vast majority of Americans will ultimately pay off their mortgages. The government is the one institution with the patience and resources to buy these assets at their current low prices and hold them until markets return to normal. And when that happens, money will flow back to the Treasury as these assets are sold. And we expect that much, if not all, of the tax dollars we invest will be paid back.

A final question is: What does this mean for your economic future?

The primary steps -- purpose of the steps I have outlined tonight is to safeguard the financial security of American workers and families and small businesses. The federal government also continues to enforce laws and regulations protecting your money. The Treasury Department recently offered government insurance for money market mutual funds. And through the FDIC, every savings account, checking account, and certificate of deposit is insured by the federal government for up to $100,000. The FDIC has been in existence for 75 years, and no one has ever lost a penny on an insured deposit -- and this will not change.

Once this crisis is resolved, there will be time to update our financial regulatory structures. Our 21st century global economy remains regulated largely by outdated 20th century laws. Recently, we've seen how one company can grow so large that its failure jeopardizes the entire financial system.

Earlier this year, Secretary Paulson proposed a blueprint that would modernize our financial regulations. For example, the Federal Reserve would be authorized to take a closer look at the operations of companies across the financial spectrum and ensure that their practices do not threaten overall financial stability. There are other good ideas, and members of Congress should consider them. As they do, they must ensure that efforts to regulate Wall Street do not end up hampering our economy's ability to grow.

In the long run, Americans have good reason to be confident in our economic strength. Despite corrections in the marketplace and instances of abuse, democratic capitalism is the best system ever devised. It has unleashed the talents and the productivity, and entrepreneurial spirit of our citizens. It has made this country the best place in the world to invest and do business. And it gives our economy the flexibility and resilience to absorb shocks, adjust, and bounce back.

Our economy is facing a moment of great challenge. But we've overcome tough challenges before -- and we will overcome this one. I know that Americans sometimes get discouraged by the tone in Washington, and the seemingly endless partisan struggles. Yet history has shown that in times of real trial, elected officials rise to the occasion. And together, we will show the world once again what kind of country America is -- a nation that tackles problems head on, where leaders come together to meet great tests, and where people of every background can work hard, develop their talents, and realize their dreams.

Thank you for listening. May God bless you.

END 9:14 P.M. EDT



20080924 President Bush’s address to the nation on the economic crisis

Sunday, September 21, 2008

Declaraciones del Presidente Sobre la Economía

Declaraciones del Presidente Sobre la Economía
19 de septiembre de 2008

Para su publicación inmediata
Oficina del Secretario de Prensa

Rose Garden

10:45 A.M. EDT

EL PRESIDENTE: Buenos días. Les agradezco al secretario del Tesoro, Hank Paulson, al presidente de la Reserva Federal, Ben Bernanke, y al presidente de la Comisión de Valores y Cambio Bursátil (Security and Exchange Commission), Chris Cox, por acompañarme hoy.

Éste es un momento importante para la economía de Estados Unidos. Problemas que se originaron en el mercado de crédito -y se presentaron inicialmente en el sector de préstamos hipotecarios no preferenciales- se han propagado por todo nuestro sistema financiero. Esto ha llevado a una pérdida de confianza que ha congelado muchas transacciones financieras, entre ellas préstamos a consumidores y a empresas con planes de expandirse y generar empleo. Como resultado, debemos tomar medidas ahora para proteger de serios peligros el bienestar económico de nuestra nación.

Habrá abundantes oportunidades de debatir el origen de este problema. Éste es el momento de resolverlo. En la historia de nuestra nación, ha habido ocasiones que han requerido que nos unamos, independientemente de partido, para hacerles frente a desafíos importantes. Ésta es una ocasión tal. Anoche, el secretario Paulson y el presidente Bernanke y el presidente Cox se reunieron con líderes del Congreso de ambos partidos... y tuvieron una muy buena reunión. Agradezco que los líderes del Congreso estén dispuestos a hacerle frente directamente a esta situación.

Nuestro sistema de libre empresa se basa en la convicción de que el gobierno federal debe interferir en el mercado sólo cuando es necesario. Dada la situación precaria de los mercados financieros de hoy -y su vital importancia en la vida cotidiana del pueblo estadounidense- la intervención del gobierno no sólo se justifica; es esencial.

En semanas recientes, el gobierno federal ha tomado una serie de medidas para ayudar a promover la estabilidad en la economía en general. A fin de evitar alteraciones severas en el mercado financiero y apoyar la financiación de viviendas, tomamos medidas para hacerle frente a la situación en Fannie Mae y Freddie Mac. La Reserva Federal también dio pasos para evitar la liquidación desordenada de la compañía de seguros AIG. Y en coordinación con bancos centrales en todo el mundo, la Reserva ha inyectado liquidez muy necesaria en nuestro sistema financiero.

Esas fueron medidas específicas y concebidas principalmente para evitar que los problemas de firmas individuales se propagaran más extensamente. Pero es necesario hacer más. Debemos abordar la causa de gran parte de la inestabilidad de nuestro mercado: los activos hipotecarios que se devaluaron durante la desaceleración del sector de vivienda y que ahora restringen el flujo de crédito. La economía de Estados Unidos enfrenta desafíos sin precedente, y estamos respondiendo con medidas sin precedente.

El secretario Paulson, el presidente Bernanke y el presidente Cox les han informado a los líderes en el Capitolio de la urgente necesidad de que el Congreso apruebe legislación que dé el visto bueno a que el gobierno federal les compre a bancos y otras instituciones financieras activos ilíquidos como malos préstamos hipotecarios. Éste es un paso decisivo que abordará los problemas subyacentes de nuestro sistema financiero. Ayudará a disminuir la presión en los balances de los bancos y otras instituciones financieras. Permitirá que reanuden sus préstamos y que nuestro sistema financiero se vuelva a poner en marcha.

Además, el gobierno federal está dando pasos adicionales para abordar los problemas de nuestro mercado financiero.

El Departamento del Tesoro está tomando medidas para reestablecer la confianza en un elemento clave del sistema financiero de Estados Unidos: los fondos mutuos de inversión (en activos) del mercado del dinero. En el pasado, no había seguro gubernamental para estos fondos, y las recientes presiones en el mercado han causado que algunos se pregunten si estas inversiones son seguras y asequibles. Las medidas del Departamento del Tesoro abordan esa inquietud ofreciendo seguro gubernamental para los fondos mutuos de inversión en el mercado de dinero. Por cada dólar invertido en un fondo asegurado, podrán sacar un dólar.

La Reserva Federal también está tomando medidas para proporcionar liquidez adicional a los fondos mutuos de inversión en el mercado de dinero, lo que ayudará a disminuir la presión en nuestro mercado financiero. Estas medidas servirán como la grasa de los engranajes de nuestro sistema financiero, que corrían el peligro de detenerse completamente. Contribuirán al flujo de crédito a hogares de familia y empresas.

La Securities and Exchange Commission ha emitido normas nuevas de forma temporal que suspenden la práctica de venta al descubierto de acciones de instituciones financieras. Esto tiene como propósito evitar que los inversionistas reduzcan el valor de ciertas acciones para lucro personal. La SEC también está requiriendo que ciertos inversionistas divulguen sus ventas al descubierto y ha puesto en práctica estrictas medidas de control para detectar el fraude y la manipulación en el mercado. Cualquier persona que participe en transacciones financieras ilegales será detectada y perseguida [sic].

Finalmente, mi gobierno está deseoso de, una vez superados los desafíos inmediatos, cooperar con el Congreso en medidas para darle mayor transparencia y fiabilidad a largo plazo al sistema financiero, entre ellas las incluidas en el plan normativo presentado por el secretario Paulson anteriormente este año. Muchas de las reglamentaciones que rigen el funcionamiento del mercado estadounidense fueron redactadas en otra era. Es de vital importancia que las actualicemos para que conformen con la realidad actual del sistema financiero mundial.

Las medidas que acabo de describir reflejan el buen criterio del secretario Paulson, el presidente Bernanke y el presidente Cox. Creemos que es necesario que el gobierno tome medidas decisivas para resguardar el sistema financiero de Estados Unidos y sustentar la economía en general de Estados Unidos. Estas medidas requerirán que arriesguemos una cantidad significativa de dinero de los contribuyentes. Estas medidas, de hecho, implican riesgo. Pero tenemos previsto que este dinero se devuelva, a fin de cuentas. Los activos que el gobierno está planeando comprar, en su gran mayoría, retienen su valor con el tiempo, porque los propietarios de vivienda, en su gran mayoría, continúan pagando sus préstamos hipotecarios. Y el peligro de la inacción sería mucho mayor. Presión adicional en nuestros mercados financieros causaría la pérdida masiva de empleos, devastaría las cuentas para la jubilación y devaluaría más el sector de vivienda, además de hacer que se agoten los préstamos para casas y autos nuevos, y matrículas universitarias. Estos son peligros que Estados Unidos no puede darse el lujo de correr.

En este difícil momento, sé que muchos estadounidenses se preguntan sobre la seguridad de sus finanzas. Todos los estadounidenses deben saber que el gobierno federal continúa velando por el cumplimiento de las leyes y las normas que protegen su dinero. Por medio de la Corporación de Seguro Federal para Depósitos (Federal Deposit Insurance Corporation o FDIC), todas las cuentas de ahorro, cuentas corrientes y certificados de depósito están asegurados hasta $100,000 por el gobierno federal. El FDIC existe desde hace 75 años, y nadie jamás ha perdido un centavo de un depósito asegurado, y eso no cambiará.

El sistema financiero de Estados Unidos es intrincado y complejo. Pero detrás de toda la terminología técnica y los datos estadísticos está un factor humano muy importante: la confianza. La confianza en nuestro sistema financiero y sus instituciones es esencial para que nuestra economía opere sin trabas, y recientemente esta confianza ha flaqueado. Los inversionistas deben saber que el gobierno de Estados Unidos está tomando medidas para reestablecer la confianza en el mercado financiero de Estados Unidos de modo que podamos volver a prosperar.

A largo plazo, los estadounidenses tienen buen motivo para tener seguridad en nuestra solidez económica. Estados Unidos cuenta con los trabajadores más hábiles, productivos y emprendedores del mundo. Este país es el mejor lugar del mundo para invertir y hacer negocios. Consumidores alrededor del mundo continúan escogiendo productos estadounidenses, como lo prueba el nivel récord de exportaciones. Tenemos un sistema flexible y resistente que absorbe desafíos y hace correcciones y rebota.

Hemos visto esa resistencia durante los últimos ocho años. Desde el 2001, nuestra economía ha enfrentado una recesión, el reventón de la burbuja de los puntocom, grandes escándalos empresariales, un ataque sin precedente contra nuestro territorio nacional, una guerra mundial contra el terrorismo, una serie de desastres naturales devastadores. Nuestra economía ha resistido cada uno de estos desafíos y aun así, ha logrado crecer.

También resistiremos este desafío y debemos hacerlo juntos. No es momento de partidismo. Debemos unirnos para lograr cuanto antes la aprobación de legislación urgentemente necesaria, sin agregar estipulaciones polémicas que podrían postergar una decisión. Trabajaré con tanto demócratas como republicanos para dirigir nuestra economía durante este momento difícil y retomar el camino hacia el crecimiento a largo plazo. Muchísimas gracias.

END 10:54 A.M. EDT

20080919 Declaraciones del Presidente Sobre la Economía

Sunday, September 07, 2008

“Bush tours Gettysburg battleground site” by Christine Simmons

Bush tours Gettysburg battleground site” by Christine Simmons

Politics By CHRISTINE SIMMONS, The Associated Press 2008-09-06

GETTYSBURG, Pa. –

President Bush brushed up on his Civil War history Friday, touring the battleground of Gettysburg, the site of one of the deadliest battles of the Civil War.

Normally for a $55 fee, visitors to the
Gettysburg National Military Park can tour the area along with a licensed guide. But Friday, Bush had with him Gabor Boritt, an Abraham Lincoln scholar and director of the Civil War Institute at Gettysburg College, who could explain chronological events of the war to match each site of the battleground.

The president began his mid-afternoon tour at the Virginia Memorial, one of 1,300 monuments on the park's grounds.

He also was treated to a sneak peek of the park's Museum and Visitor Center, which has its grand opening Sept. 26.

[…]

Robert Kinsley, chair of the Gettysburg Foundation, was in the museum for the president's visit…

The town in the
Pennsylvania countryside is near the site of a 3-day battle where Union troops successfully defeated Confederate troops' advances. More than 51,000 Confederate and Union soldiers were killed, wounded or captured.

[…]


Read the entire article here: Bush tours Gettysburg battleground site

20080906 Bush tours Gettysburg battleground site by Christine Simmons

Sunday, July 13, 2008

President and Mrs Bush saddened by Death of Tony Snow



20080712 President and Mrs Bush saddened by Death of Tony Snow

President and Mrs. Bush Saddened by Death of Tony Snow

For Immediate Release
Office of the Press Secretary
July 12, 2008

White House News

Photos

Laura and I are deeply saddened by the death of our dear friend, Tony Snow. Our thoughts and prayers are with his wife, Jill, and their children, Kendall, Robbie, and Kristi. The Snow family has lost a beloved husband and father. And America has lost a devoted public servant and a man of character.

Tony was one of our Nation's finest writers and commentators. He earned a loyal following with incisive radio and television broadcasts. He was a gifted speechwriter who served in my father's Administration. And I was thrilled when he agreed to return to the White House to serve as my Press Secretary. It was a joy to watch Tony at the podium each day. He brought wit, grace, and a great love of country to his work. His colleagues will cherish memories of his energetic personality and relentless good humor.

All of us here at the White House will miss Tony, as will the millions of Americans he inspired with his brave struggle against cancer. One of the things that sustained Tony Snow was his faith - and Laura and I join people across our country in praying that this good man has now found comfort in the arms of his Creator.

http://www.whitehouse.gov/news/releases/2008/07/20080712-1.html

# # #

Friday, July 04, 2008

20080704 Moonbats celebrate the 4th

Moonbats celebrate the 4th at Independence Day Naturalization Ceremony

Friday, July 04, 2008


Hat Tip: Gateway Pundit: Nice... Loons Disrupt Bush at July 4th Naturalization Ceremony (Video)

Here's another reminder that nothing is sacred to the Left.

Nothing...

Code Pink
disrupted President Bush at 46th Annual Independence Day Celebration and Naturalization Ceremony…


Protest of Bush at Monticello

From:
davidcnswanson: Video by S. Johnson. Footage of Gael Murphy, Desiree Fairooz, and Linda Lisanti, who were among several protester of George W. Bush at Monticello on July 4, 2008.



20080704 Moonbats celebrate the 4th

Monday, June 30, 2008

20080627 Mark Tapscott's Copy Desk: John McCain's three biggest problems - Himself, George Bush and history

I finally got around to reading Mark Tapscott’s post from last Friday: Tapscott's Copy Desk: John McCain's three biggest problems - Himself, George Bush and history.

As usual, Mr. Tapscott has illuminated some rather salient points… / June 30, 2008 Kevin Dayhoff

Tapscott's Copy Desk: John McCain's three biggest problems - Himself, George Bush and history.

From last Friday, June 27, 2008

Some folks are asking what I meant yesterday on MSNBC during an i
nterview with Chris Jansing when I said that presumptive GOP presidential nominee John McCain's "three biggest problems are John McCain, George Bush and history, and he's yet to effectively address any of the three."

Read his entire post here:
Tapscott's Copy Desk: John McCain's three biggest problems - Himself, George Bush and history.

Thursday, May 29, 2008

20080528 Ex Press Aide Writes Bush Misled US on Iraq by Michael D. Shear Washington Post

Ex-Press Aide Writes That Bush Misled U.S. on Iraq

http://www.washingtonpost.com/wp-dyn/content/article/2008/05/27/AR2008052703679_pf.html

By Michael D. Shear Washington Post Staff Writer Wednesday, May 28, 2008; A01

Former White House press secretary Scott McClellan writes in a new memoir that the Iraq war was sold to the American people with a sophisticated "political propaganda campaign" led by President Bush and aimed at "manipulating sources of public opinion" and "downplaying the major reason for going to war."

McClellan includes the charges in a 341-page book, "What Happened: Inside the Bush White House and Washington's Culture of Deception," that delivers a harsh look at the White House and the man he served for close to a decade. He describes Bush as demonstrating a "lack of inquisitiveness," says the White House operated in "permanent campaign" mode, and admits to having been deceived by some in the president's inner circle about the leak of a CIA operative's name.

The book, coming from a man who was a tight-lipped defender of administration aides and policy, is certain to give fuel to critics of the administration, and McClellan has harsh words for many of his past colleagues. He accuses former White House adviser Karl Rove of misleading him about his role in the CIA case. He describes Secretary of State Condoleezza Rice as being deft at deflecting blame, and he calls Vice President Cheney "the magic man" who steered policy behind the scenes while leaving no fingerprints.

McClellan stops short of saying that Bush purposely lied about his reasons for invading Iraq, writing that he and his subordinates were not "employing out-and-out deception" to make their case for war in 2002.

But in a chapter titled "Selling the War," he alleges that the administration repeatedly shaded the truth and that Bush "managed the crisis in a way that almost guaranteed that the use of force would become the only feasible option."

Read the entire article here: Ex-Press Aide Writes That Bush Misled U.S. on Iraq

Monday, May 26, 2008

20080526 Mr. Bush and the G.I. Bill – another misleading New York Times editorial

Differences of opinion based on distortions: Mr. Bush and the G.I. Bill – another misleading New York Times editorial

Differences of opinion are important in formulating the best public policies for our collective future.

Nevertheless, a serious problem rears its ugly head when a difference of opinion is based on inaccurate information or, as is too often the case with the New York Times – an outright purposeful distortion of the information or criteria that needs to be analyzed in order to make a decision.

_____

For Immediate Release

Office of the Press Secretary

May 26, 2008

Statement by the Press Secretary

White House News

Once again, the New York Times Editorial Board doesn't let the facts get in the way of expressing its vitriolic opinions - no matter how misleading they may be.

In today's editorial, "Mr. Bush and the GI Bill", the New York Times irresponsibly distorts President Bush's strong commitment to strengthening and expanding support for America's service members and their families.

This editorial could not be farther from the truth about the President's record of leadership on this issue. In his January 2008 State of the Union Address, while proposing a series of initiatives to support our military families, President Bush specifically called upon Congress to answer service members' request that they be able to transfer their GI Bill benefits to their spouses and children. In April, he sent a legislative package to the Hill that would expand access to childcare, create new authorities to appoint qualified spouses into civil service jobs, provide education opportunities and job training for military spouses, and allow our troops to transfer their unused education benefits to their spouses or children.

As Congress debates the best way to expand the existing GI Bill, Secretary Gates has laid out important guidelines to ensure that legislation meets our service members' needs and rewards military service. First, since our servicemen and women have regularly requested the ability to transfer their GI bill benefits to their family members, legislation should include transferability. Second, legislation should provide greater rewards for continued military service in the all volunteer force.

There are several GI bill proposals under consideration in both the House and Senate. The Department of Defense has specific concerns about legislation sponsored by Senator Webb because it lacks transferability and could negatively impact military retention.

The President specifically supports the GI Bill legislation expansion proposed by Senators Graham, Burr, and McCain because it allows for the transferability of education benefits and calibrates an increase in education benefits to time in the service.

Though readers of the New York Times editorial page wouldn't know it, President Bush looks forward to signing a GI bill that supports our troops and their families, and preserves the experience and skill of our forces.

# # #

Return to this article at: http://www.whitehouse.gov/news/releases/2008/05/20080526-2.html


May 26, 2008 New York Times Editorial

Mr. Bush and the G.I. Bill

President Bush opposes a new G.I. Bill of Rights. He worries that if the traditional path to college for service members since World War II is improved and expanded for the post-9/11 generation, too many people will take it.

He is wrong, but at least he is consistent. Having saddled the military with a botched, unwinnable war, having squandered soldiers’ lives and failed them in so many ways, the commander in chief now resists giving the troops a chance at better futures out of uniform. He does this on the ground that the bill is too generous and may discourage re-enlistment, further weakening the military he has done so much to break.

So lavish with other people’s sacrifices, so reckless in pouring the national treasure into the sandy pit of Iraq, Mr. Bush remains as cheap as ever when it comes to helping people at home.

Thankfully, the new G.I. Bill has strong bipartisan support in Congress. The House passed it by a veto-proof margin this month, and last week the Senate followed suit, approving it as part of a military financing bill for Iraq and Afghanistan.

The Senate version was drafted by two Vietnam veterans, Jim Webb, Democrat of Virginia, and Chuck Hagel, Republican of Nebraska. They argue that benefits paid under the existing G.I. Bill have fallen far behind the rising costs of college.

Their bill would pay full tuition and other expenses at a four-year public university for veterans who served in the military for at least three years since 9/11.

At that level, the new G.I. Bill would be as generous as the one enacted for the veterans of World War II, which soon became known as one of the most successful benefits programs — one of the soundest investments in human potential — in the nation’s history.

Mr. Bush — and, to his great discredit, Senator John McCain — have argued against a better G.I. Bill, for the worst reasons. They would prefer that college benefits for service members remain just mediocre enough that people in uniform are more likely to stay put.

They have seized on a prediction by the Congressional Budget Office that new, better benefits would decrease re-enlistments by 16 percent, which sounds ominous if you are trying — as Mr. Bush and Mr. McCain are — to defend a never-ending war at a time when extended tours of duty have sapped morale and strained recruiting to the breaking point.

Their reasoning is flawed since the C.B.O. has also predicted that the bill would offset the re-enlistment decline by increasing new recruits — by 16 percent. The chance of a real shot at a college education turns out to be as strong a lure as ever. This is good news for our punishingly overburdened volunteer army, which needs all the smart, ambitious strivers it can get.

This page strongly supports a larger, sturdier military. It opposes throwing ever more money at the Pentagon for defense programs that are wasteful and poorly conceived. But as a long-term investment in human capital, in education and job training, there is no good argument against an expanded, generous G.I. Bill.

By threatening to veto it, Mr. Bush is showing great consistency of misjudgment. Congress should forcefully show how wrong he is by overriding his opposition and spending the money — an estimated $52 billion over 10 years, a tiniest fraction of the ongoing cost of Mr. Bush’s Iraq misadventure.

As partial repayment for the sacrifice of soldiers in a time of war, a new, improved G.I. Bill is as wise now as it was in 1944.

####

http://www.nytimes.com/2008/05/26/opinion/26mon1.html?_r=1&partner=rssnyt&emc=rss&oref=slogin

Wednesday, May 21, 2008

20080521 President and Mrs. Bush Saddened by Death of Hamilton Jordan

For Immediate Release

Office of the Press Secretary

May 21, 2008

President and Mrs. Bush Saddened by Death of Hamilton Jordan

http://www.whitehouse.gov/news/releases/2008/05/20080521-1.html

Laura and I are saddened by the death of Hamilton Jordan. Hamilton Jordan was a man whose love for American politics and his country took him at a young age from the State Capitol in Georgia to the White House. As President Carter's close advisor, Hamilton played an important role in shaping our Nation's policies. We value his service to our country.

Hamilton Jordan was also a great community leader, using lessons learned during his personal struggle against cancer to encourage other cancer survivors to remain optimistic and embrace the blessings of each day. Through their work with Camp Sunshine, he and his wife Dorothy have helped thousands of children enjoy life as they cope with the challenges of cancer.

Our thoughts and prayers are with the Jordan family.

# # #

20080519 Setting the Record Straight: President Bush's Interview With Richard Engel of NBC News

For Immediate Release
Office of the Press Secretary
May 19, 2008

Setting the Record Straight: President Bush's Interview With Richard Engel of NBC News

Interview of the President by Richard Engel, NBC News

The following is a letter from Counselor to the President Ed Gillespie to NBC News President Steve Capus:

Steve Capus
President, NBC News
30 Rockefeller Plaza
New York, N.Y. 10112

Mr. Capus:

This e-mail is to formally request that NBC Nightly News and The Today Show air for their viewers President Bush's actual answer to correspondent Richard Engel's question about Iran policy and "appeasement," rather than the deceptively edited version of the President's answer that was aired last night on the Nightly News and this morning on The Today Show.

In the interview, Engel asked the President: "You said that negotiating with Iran is pointless, and then you went further. You said that it was appeasement. Were you referring to Senator Barack Obama?"

The President responded: "You know, my policies haven't changed, but evidently the political calendar has. People need to read the speech. You didn't get it exactly right, either. What I said was is that we need to take the words of people seriously. And when, you know, a leader of Iran says that they want to destroy Israel, you've got to take those words seriously. And if you don't take them seriously, then it harkens back to a day when we didn't take other words seriously. It was fitting that I talked about not taking the words of Adolf Hitler seriously on the floor of the Knesset. But I also talked about the need to defend Israel, the need to not negotiate with the likes of al Qaeda, Hezbollah and Hamas. And the need to make sure Iran doesn't get a nuclear weapon."

This answer makes clear: (1). The President's remarks before the Knesset were not different from past policy statements, but are now being looked at through a political prism, (2). Corrects the inaccurate premise of Engel's question by putting the "appeasement" line in the proper context of taking the words of leaders seriously, not "negotiating with Iran," (3). Restates the U.S.'s long-standing policy positions against negotiating with al Qaeda, Hezbollah and Hamas, and not allowing Iran to obtain a nuclear weapon.

Engel's immediate follow-up question was, "Repeatedly you've talked about Iran and that you don't want to see Iran develop a nuclear weapon. How far away do you think Iran is from developing a nuclear capability?"

The President replied, "You know, Richard, I don't want to speculate – and there's a lot of speculation. But one thing is for certain – we need to prevent them from learning how to enrich uranium. And I have made it clear to the Iranians that there is a seat at the table for them if they would verifiably suspend their enrichment. And if not, we'll continue to rally the world to isolate them."

This response reiterates another long-standing policy, which is that if Iran verifiably suspends its uranium enrichment program the U.S. government would engage in talks with the Iranian government.

NBC's selective editing of the President's response is clearly intended to give viewers the impression that he agreed with Engel's characterization of his remarks when he explicitly challenged it. Furthermore, omitted the references to al Qaeda, Hezbollah and Hamas and ignored the clarifying point in the President's follow-up response that U.S. policy is to require Iran to suspend its nuclear enrichment program before coming to the table, not that "negotiating with Iran is pointless" and amounts to "appeasement."

This deceitful editing to further a media-manufactured storyline is utterly misleading and irresponsible and I hereby request in the interest of fairness and accuracy that the network air the President's responses to both initial questions in full on the two programs that used the excerpts.

As long as I am making this formal request, please allow me to take this opportunity to ask if your network has reconsidered its position that Iraq is in the midst of a civil war, especially in light of the fact that the unity government in Baghdad recently rooted out illegal, extremist groups in Basra and reclaimed the port there for the people of Iraq, among other significant signs of progress.

On November 27, 2006, NBC News made a decision to no longer just cover the news in Iraq, but to make an analytical and editorial judgment that Iraq was in a civil war. As you know, both the United States government and the Government of Iraq disputed your account at that time. As Matt Lauer said that morning on The Today Show: "We should mention, we didn't just wake up on a Monday morning and say, 'Let's call this a civil war.' This took careful deliberation.'"

I noticed that around September of 2007, your network quietly stopped referring to conditions in Iraq as a "civil war." Is it still NBC News's carefully deliberated opinion that Iraq is in the midst of a civil war? If not, will the network publicly declare that the civil war has ended, or that it was wrong to declare it in the first place?

Lastly, when the Commerce Department on April 30 released the GDP numbers for the first quarter of 2007, Brian Williams reported it this way: "If you go by the government number, the figure that came out today stops just short of the official declaration of a recession."

The GDP estimate was a positive 0.6% for the first quarter. Slow growth, but growth nonetheless. This followed a slow but growing fourth quarter in 2007. Consequently, even if the first quarter GDP estimate had been negative, it still would not have signaled a recession – neither by the unofficial rule-of-thumb of two consecutive quarters of negative growth, nor the more robust definition by the National Bureau of Economic Research (the group that officially marks the beginnings and ends of business cycles).

Furthermore, never in our nation's history have we characterized economic conditions as a "recession" with unemployment so low – in fact, when this rate of unemployment was eventually reached in the 1990s, it was hailed as the sign of a strong economy. This rate of unemployment is lower than the average of the past three decades.

Are there numbers besides the "government number" to go by? Is there reason to believe "the government number" is suspect? How does the release of positive economic growth for two consecutive quarters, albeit limited, stop "just short of the official declaration of a recession"?

Mr. Capus, I'm sure you don't want people to conclude that there is really no distinction between the "news" as reported on NBC and the "opinion" as reported on MSNBC, despite the increasing blurring of those lines. I welcome your response to this letter, and hope it is one that reassures your broadcast network's viewers that blatantly partisan talk show hosts like Christopher Matthews and Keith Olbermann at MSNBC don't hold editorial sway over the NBC network news division.

Sincerely,
Ed Gillespie
Counselor to the President

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To View The Full Interview Of The President, Click Here