 |
 |
Bush calls for calm amid global stock market panic
Jeremy Pelofsky and Daniel Trotta
Reuters
Friday, October 10, 2008
WASHINGTON/NEW YORK (Reuters) – Warning that “anxiety can feed anxiety,” U.S. President George W. Bush implored Americans to remain confident on Friday and promised to restore stability in the face of a global stock market panic.
Finance ministers and central bankers from the Group of Seven, meeting in Washington, faced mounting pressure to repair the system after joint interest-rate cuts, individual liquidity injections, a $700 billion U.S. bailout and government plans to take equity stakes in banks failed to restore investor confidence.
The policy makers were considering their remaining options while experts offered their own proposals.
(ARTICLE CONTINUES BELOW)
Much of the debate surrounded injecting capital into banks to keep them from failing. The U.S. Treasury, the Federal Reserve and the White House were in consultations on how to do it, CNBC reported, citing senior government officials.
The White House declined to comment.
“There’s no confidence — there’s an atom or two of confidence returning,” said market strategist Steve Goldman at Weeden & Co in Greenwich, Connecticut.
Bush spoke in a televised address ahead of the G7 meeting to confront the frozen credit markets and recessionary signals underlying the worst financial crisis since the Great Depression.
“We know what the problems are. We have the tools to fix them. And we’re working swiftly to do so,” Bush said after Wall Street opened with an 8 percent slide in the Dow Jones Industrial Average before trimming those losses in half.
Get your ad SEEN by
our millions of monthly visitors AND
support the Infowar. CLICK
HERE for our advertising rates.
CANCER CONSPIRACY? Are
"they" suppressing the cure? Will YOU
be the next victim? Learn
the Secret Truth! - READ FULL STORY
-
- Social bookmarks
- Email this article
-
- Print this page
24 Responses to “Bush calls for calm amid global stock market panic”
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | |||||||
| By N2H | |||||||||||||||||||||||||||||||||||||||||
October 10th, 2008 at 1:13 pm
what a dick eh? did he talk about “CONFIDENCY”? He s making his own words up again..
October 10th, 2008 at 1:19 pm
there are still a majority of not only Bush supporters, but corrupt and criminal government supporters in general, out there. They still follow compliantly, do as they are told, and believe all the crap that’s whispered in their ears. When you try to tell them what’s really going on in their small frame world they call you anti US, anti this, anti that. it gets really, really boring by now. Patriotism is for fools who need to be led, because patriotism is extremely easily abused and twisted into its opposite meaning. Still too many people everywhere who feel they must bow to a flag, a cross, a hymn, or whatever else gives them something to hold on to. Why not try, for once, to hold onto themselves? Because they can’t. They have been conditioned beyond repair. This should at least partially answer your last question if people are sick of this shit yet?
October 10th, 2008 at 1:37 pm
Just think, after today’s rollercoaster ride Baron Von Moneypants is going to speak some magic words to calm down the markets. Just calm down, drink your soma, go back to sleep, let the BushCo. Criminals take care of all your worries, and try not to focus on the shit in your pants. Just let that inflated money supply devalue all your dreams while our leaders give themselves $400,000.00 facials and gazillion dollar perks and bailouts. Isn’t this just the greatest American dream ever! No?
October 10th, 2008 at 1:41 pm
he says the same bullshit now that he said about irak: ” we will prevail and blah blah” the repeating of his lies doesnt make them truer, though.
October 10th, 2008 at 1:42 pm
he says the same bullshit now that he said about irak earlier – lies dont become TRUE by repeating them, THATS the bitter lesson these assholes need to learn NOW
October 10th, 2008 at 1:57 pm
“They want a fascist planet with the superwealthy ruling it all
Since we’re too independent, America must be led to fall
When our credit’s been exhausted to subdue the Middle East,
They’ll install our debtor nation in the body of The Beast
Traitor…Dare call it treason”
–The Cornbread Mafia
http://www.youtube.com/watch?v=uw5dP5gy2Vs
October 10th, 2008 at 2:32 pm
Don’t think for one second that these bastards (Bush and his scum corporate elite buddies) don’t know what’s going on here. They are ripping off the entire world economy. This is staged financial terrorism. Follow the money.
October 10th, 2008 at 3:24 pm
Gabrielle @4
Know what you mean. Just as Robert Mugabe’s rich followers shop in the best shops in Rome and Milan, whilst the people of ‘his’ country starve; so does every other despot the world over have their Swiss Bank accounts an fill their ‘boots’ at the expense of its citizens. The US is no different, they just do it on a much larger scale because they are ‘Daddy’ to the smaller despots……trebles all round (in their club). Assholes!
October 10th, 2008 at 3:26 pm
Bush needs to grow a cute little mustache, don’t you think?
http://ca.youtube.com/watch?v=XbrNSOxwXOM
October 10th, 2008 at 3:41 pm
Anxiety can breed anxiety. Who would know better than Darth Bush. Now that he has told me to be calm I feel so much better that I am going to the shopping market to look at food. Not that I have the money to buy some. Maybe I will try to steal some. Let myself get caught, post no bail. Then I could get fed at the Big House, for a while. Fuzzy logic, that has something to do with Quantum Physics.
I am sure within the next year or two we will all become quite familar with what the center of a Black Hole looks like. Bush has sent us flying into a mother of one.
By the way does anyone know where the Emperor Duck Cheney is.Funny how like David Copperfield he can just disapeer. Hey McCain no brain stop using all music. No musician will let you use their music. Take a powder, have a drink and go stroke out for a while.
October 10th, 2008 at 3:54 pm
Translation: “Animal House” Kevin Bacon’s character, “All is Welllllll!! If peace is pledged, bondage and slavery will result. Sounds like it’s time for another war.
And the Chinese are doin’ a McCain with, “Bomb, bomb, bomb bomb, bomb Taiwan.”
It’s the U.S. of A versus the world.
October 10th, 2008 at 3:57 pm
Hey mythicshadow, Hitler rescued Germany from the very same “forces” which are causing what you see in the world financial markets recently. He was also, *gasp*, democratically elected by a wide margin. And are you aware he was
HUGELY popular all across Germany? Not so much with the Communists (Bolsheviks) who ran the papers in America, but very popular with the German people. Hitler saved Germany, he didn’t ruin it. That came later when America, Britain, and Russia ganged up and ruined the world. See Pat Buchanan’s book Churchill, Hitler, and The Unnecessary War if you want to learn the truth about WWII. From an actual American conservative, not a neo-con poser. You people need a course in common sense.
You nitwits who compare Bush to Hitler couldn’t be anymore DEAD WRONG.
Bush is far more analogous to mad tyrants like Stalin, Trotsky, and Pol Pot.
Will all you Alex Jones people ever get off the Bush-Hitler comparison wagon? It’s ridiculous, as well as being simply inaccurate. Grow up and be a man. Stop pushing the victor’s history BS every chance you can. Good lord, you’re like adult children sometimes. The Nazis are not coming, the Commies are coming.
Everything you know about Hitler you got from [i]The Sound of Music[/i] and The History Channel. Read Pat Buchanan’s book and get informed.
October 10th, 2008 at 4:43 pm
Fuckin drunkin Nazi bastid…He needs to choke on another pretzel….and yes, his family has Nazi-loving ties so STFU “Long Duk Dong” If you want to be president, you shouldn’t have family ties to Nazi sympathizers. Just google Prescott Bush Nazi sympathizer.
OH, I get it… you think he should be held to a different standard than the rest of us, right?…..WRONG!! Well, if he can’t stand the heat, perhaps he needs to get out of the kitchen…(like 8 years ago) and not let the door hit him in the ass.
I can’t believe he got on t.v. and tried to convince us of ANYTHING. After all, this is the same inept drop out/flunkie who professed the economy was “strong and robust” not too long ago. And lest we not forget, by his own admission, that he “knows nothing about economics and only received a C – in it”…what a dolt! Have another shot o Jack, pickle brain.
October 10th, 2008 at 5:44 pm
That’s odd. Just last week Bush was on TV telling us all to panic. Now he wants us to calm down? Make up your mind.
October 10th, 2008 at 6:10 pm
I can’t help but wonder if this song-n-dance is all part of the plan. Bush knows there’s a good chance he will be prosecuted for 9/11 and/or his other crimes when he leaves office. Can he afford to let this election go on? If he does let the election go on, if preliminaries say Obama will win, will he declare martial law?
October 10th, 2008 at 6:31 pm
He has to come out and spread his daily BS. either that or he’d just sit in the white house and stroke his little wiener do a line and have another drink. His handlers don’t know or don’t want to fix this. Hell they caused it. They are gonna try and get obama the great elected and then when he outlaws guns then its martial law. Why haven’t we heard proof obama is even legal under the constitution to be pres? oh yeah thats just a god@#%$ piece of paper.
October 10th, 2008 at 6:33 pm
oh and cheney isn’t around cuz he’s in hiding so if someone nukes us we will still have a dictatorship er… government.
October 10th, 2008 at 6:45 pm
If I may interject here, Hitler orchestrated the destruction of their own Reichtag in order to spread chaos and to implement his “Enabling Act”. Get a copy of that and a copy of the Patriot Act and compare them. They are almost word for word identical (along with the pre-emptive speeches made by both Hitler AND Bush). Hitler did not rescue us from ‘them’. He was one of them. You see, the false flag operation Adolf created was an instrument quite similar to the 9/11 event. Create a catastrophic event, blame it on ‘a terrorist’, unite the people behind a fake patriotic cause, and smother them with tighter laws to ‘improve their safety and security’, while quelling the opposers.
The Bush family is as much Nazi as the 3rd Reich. Prescott Bush was laundering money for the Germans while providing them access to the chemicals they needed for their camps. If this is false then tell me why Bin Ladens were living in Reston Virginia up until 9/11.
October 10th, 2008 at 6:49 pm
Bush saving the day would be a huge October Suprise……..
Like Homer Simpson, when he stopped the reactor at the power plant…
October 10th, 2008 at 7:43 pm
USA who ?
you get what you elect
you reap what you sow
a financial plaque upon you all
we laugh, we dance, we reoice
bye bye american evil empire
the end is near, repent or die
moder day babylon burns
we warm ourselves by the fire of america’s demise
land of 30 million partial birth abortions per year
you kill your unborn children
you are all money worshipers
you remove prayer from school
you are a consumer society
the only job left in america is unloading the shipping containers from china
a country of slothfull people
you make your forefathers cry
false war of iraq, millions of iraqi civilians killed by US forces
false war in afgha, US forces protectors of the heroin trade
October 10th, 2008 at 10:30 pm
@ moo u
Go fuck yourself, mate.
October 11th, 2008 at 2:05 am
As if Bush will do anything that will stop this crash,guys he and his backers want a neo-fascist world government like his granddaddy Prescott dreamed of.
October 11th, 2008 at 3:42 am
“We know what the problems are. We have the tools to fix them. And we’re working swiftly to do so,”
The tools are a rope and a gallows for neocon Bushnik war criminals, and liars.
The Hague is a little slow, but this financial crisis should help move things along nicely.
October 11th, 2008 at 4:17 am
Save the Cheerleader. Save the Cheerleader.
What would he know, its not like that lardie-dar has ever suffered day one in his life.
After all when things get bad he will just have another bump of coke.