BUSH SAYS NO RECESSION, NO NEED FOR MORE STIMULUS, "WE ACTED ROBUSTLY"! YA HOOO BUY BUY BUY ....DING DONG THE WITCH IS DEAD!!!! PARTY IN THE STREETS, WE GOTZ A NEW BULL ON OUR HANDS>>>>>>>>>>
Actually, he says he SEES no recession. Which is not surprising since he doesn't even know what the price of gas is. But that's the way it is with elitists - they don't do anything themselves. Get the wage slaves to do it for you. That way you don't have to SEE anything you don't want to see.
Who is Bush anyway? He is just a dumb puppet. He is not making any decisions. The decisions on Monetary policy are made by the people that own the Fed, which is as you know is a privately owned bank like other central banks. So Bush says what they tell him to say.
Yea, that was funny. Bush did not know about Gas Prices let alone the prediction of 4 per gallon. Read Between the lines....He is saying we are not in a recession.
Yes the Fed, private bankers, do influen the economy. But for Bush to know "nothing" of "economics", well, says alot about this fucking country. Hell, Regan was an Actor and he knew about "Economics".
Gas prices is not a sign of a recession. Recession is when your economic growth is down for two consequitive quarters. We have a rising inflation rate and at the same time weakining dollar. What does the Fed do? They lower the interest rate. This leads to more inflation and more weak dollar. What is the original source of the problem. Artificially low interest rates kept down by the Fed. Is this central planning or what? Why is some private bank setting the interest rate for the whole country, and not the markets.
The gas price thing was not a comment on recession. It was one on cluelessness. Or being "above it all".
I read an interesting article the other day that pointed out a simple, telling fact The price of gas is 2x what it was when Bush took office in 2001 And oil company profits are the highest in their history Exxon has twice as much mony in the bank as the entire GDP of Venezuela Not bad work for a Texas oilman
The look on Bush's face was a classic when the reporter bought up the idea of $4 a gallon gas this summer. He really looked shocked ... not even the how can I avoid this conversation look ... but the straight up oh sh** that would suck look we can all get when we learn something we were clueless too. The Fed needs to get the dollar back under control .... with a big dose fiscal reality from the WH and Congress to bring spending and taxes into balance ... to resolve this issue. CFM Trader