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January 18, 2008
President Bush Tries To Change Own Diaper
President Bush announced his economic stimulus package today. Of course my reaction was the same as whenever I see him "talking" on television: to shout phrases like, "You fuckwit!" At the end he urged Congress to make his tax cuts permanent -- his tax cuts being one of the reasons why we're in this mess in the first place.
To that point, it's always worth mentioning why President Bush should stay as far away from economic issues as is humanly possible. I mean, do we really need this corporate criminal to leave more of his stink on the economy? To wit:
Arbusto, an oil exploration company, lost money, but it got considerable investments (nearly $5 million) because even losing oil investments were useful as tax shelters.Spectrum 7 Energy Corp. bought out Arbusto in 1984 and hired Mr. Bush to run the company's oil interests in Midland, Texas. The oil business collapsed as oil prices plummeted by 1986, and Spectrum 7 Energy was near failure.
Harken Energy acquired Mr. Bush's Spectrum 7 Energy shares, and he got Harken shares, a directorship, and a consulting arrangement in return. Harken, under Bush, brought in Saudi real estate tycoon Sheikh Abdullah Bakhsh as a board member and a major investor. Over the next few years, Harken would turn out to have links to: Saudi money, CIA-connected Filipinos, the Harvard Endowment, the emir of Bahrain, and the shadowy Bank of Credit and Commerce International.
A 1991 internal SEC document suggested George W. Bush violated federal securities law at least 4 times in the late 1980s and early 1990s in selling Harken stock while serving as a director of Harken. This is essentially the same kind of activity that Martha Stewart is going to prison over. Except at the time of the investigation, Mr. Bush's father was president and the case was quietly dropped.
You fuckwit.
Posted By Bob Cesca | January 18, 2008 11:48 AM | DIGG ME!
Comments
He talked for two hours? No. Fucking. Way. There's no way they'd let him go off-script for that long. And it would be 1:33 minutes of "in other words, the economy is, uh, is strong. People been sayin', people been sayin' they're worried [stupid grin(sneh! sneh!)]. I'd be worried, if Uh, Uh, but the economy is strong. See?[stupid grin(sneh! sneh!)]"
Posted by: Nanotyrannus ![[TypeKey Profile Page]](http://www.bobcesca.com/nav-commenters.gif)
at January 18, 2008 01:34 PM
The economy is in a dire situation, he acknowledged that the economy is in trouble, and now is onboard with the economic stimulus plan (that the democrats started talking about), I am still not surte if his economic advisors were sleeping or on vacation, and it took the democrats to started talking about the stimulus plan. However, inspite of the economic turnoil Bush stimulus plan entails giving money to his rich friends, via corporations tax breaks. Does anyone remember what happened when Bush gave the corporations a huge tax break in 2004 with promises that they will use this money to stimulate the economy by hiring more Americans. Well, they took the money and opened new franchises in India, China, etc, and said screw the U.S economy. Now, Bush is doing it again.
Posted by: the_truth at January 18, 2008 05:49 PM
The economy is in a dire situation, he acknowledged that the economy is in trouble, and now is onboard with the economic stimulus plan (that the democrats started talking about), I am still not surte if his economic advisors were sleeping or on vacation, and it took the democrats to started talking about the stimulus plan. However, inspite of the economic turnoil Bush stimulus plan entails giving money to his rich friends, via corporations tax breaks. Does anyone remember what happened when Bush gave the corporations a huge tax break in 2004 with promises that they will use this money to stimulate the economy by hiring more Americans. Well, they took the money and opened new franchises in India, China, etc, and said screw the U.S economy. Now, Bush is doing it again.
Posted by: the_truth at January 18, 2008 05:49 PM
Our fuckwit-in-chief really got an MBA from Harvard and has the audacity to spew his rightwing rhetoric like it will actually improve anything for the middle-class and below?
I did a piece on his speechifying today as well..but I like yours better ;)
Posted by: dusty at January 18, 2008 06:26 PM
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