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Inside the Bush White House during the economic meltdown

Old 09-15-09, 02:36 PM
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Inside the Bush White House during the economic meltdown

GQ has an excerpt from a forthcoming book by one of President Bush's speechwriters about what was going on this time last year. It's way too long to quote here, but this is GQ's summary:

Matt Latimer worked as one of Dubya’s speechwriters during the president’s final twenty-two months in office. He was there to help sell the surge to a skeptical public. He was there as we pretended that the fundamentals of the economy were strong. And he was there to see a president who failed to grasp his own $700 billion bailout package—even as he was pitching it to the American public on live TV. A disillusioned insider reveals for the first time just how messy things got.
http://men.style.com/gq/features/lan...=content_10957

The focus is on the economy in September 2008, but there are also some interesting tidbits about President Bush's assessments of the various candidates for President and Vice President.

My favorite line of the piece, attributed to President Bush:

“Why did I sign on to this proposal if I don’t understand what it does?” he asked.
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Old 09-15-09, 02:40 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by JasonF View Post
“Why did I sign on to this proposal if I don’t understand what it does?” he asked.
if he'd only listened to himself...and if only congress would think the same thing...
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Old 09-15-09, 02:43 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by JasonF View Post
GQ has an excerpt from a forthcoming book by one of President Bush's speechwriters about what was going on this time last year. It's way too long to quote here, but this is GQ's summary:



http://men.style.com/gq/features/lan...=content_10957

The focus is on the economy in September 2008, but there are also some interesting tidbits about President Bush's assessments of the various candidates for President and Vice President.

My favorite line of the piece, attributed to President Bush:

“Why did I sign on to this proposal if I don’t understand what it does?” he asked.
At least you gotta give him credit for admiting he didn't understand something he signed (unlike EVERY Democrat who signed Cap and Trade and the Health Bill).

I take crap like this with a grain of salt. This guy would barely see a penny if he wrote good things about the worst man in the history of the world.
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Old 09-15-09, 02:44 PM
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Re: Inside the Bush White House during the economic meltdown

If only Bush could have explained his plans as well as Obama does.
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Old 09-15-09, 02:47 PM
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Re: Inside the Bush White House during the economic meltdown

I agree with DeputyDave... At least he was smart enough to ask the question. That makes him smarter than 60% of congress.
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Old 09-15-09, 02:47 PM
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Re: Inside the Bush White House during the economic meltdown

In the weeks that followed, Paulson changed his spending priorities two or three times. Incredibly, he’d been given the power to do with that money virtually anything he pleased. All thanks to a president who didn’t understand his proposal and a Congress that didn’t stop to think.
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Old 09-15-09, 02:49 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by DeputyDave View Post
At least you gotta give him credit for admiting he didn't understand something he signed (unlike EVERY Democrat who signed Cap and Trade and the Health Bill).
who has "signed" "the Health Bill"?
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Old 09-15-09, 02:50 PM
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Re: Inside the Bush White House during the economic meltdown

As Treasury started to use the bailout funds to invest directly in financial institutions, Ed wanted to come up with a name for the plan that made it sound better to the public, particularly conservatives who thought this was nothing more than warmed-over socialism. Yes, a catchphrase would solve everything. As we were working on this, Ed called a few of the writers on speakerphone with the idea he’d come up with: the Imperative Investment Intervention. “Oh, that sounds good,” one of us remarked, as the rest of us tried not to laugh. We decided that if a catchphrase must be deployed, surely we could come up with something better than a tongue twister with the acronym III. We started out with dark humor: the “I Can’t Believe It’s Not Capitalism” Plan; the MARX Plan. I suggested that we also apologize to the former Soviet Union and retroactively concede the Cold War. Then one of the writers got serious and came up with the Temporary Emergency Market Protection Program, or TEMP. Not bad as gimmicks go, and Ed liked it. But he decided that instead of dropping it into a speech, we’d leak it to the press that this was the phrase we were using internally. Ed’s logic was that anything Bush said would be ignored, but if the press thought they’d got it from a leak, they’d find it more interesting and newsworthy. TEMP never made it as a catchphrase regardless.
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Old 09-15-09, 02:55 PM
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Re: Inside the Bush White House during the economic meltdown

“If bullshit was currency, Joe Biden would be a billionaire.”


It was clear, though, that the president, ever the skilled politician, had concerns about the choice of Palin...“This woman is being put into a position she is not even remotely prepared for,” he said. “She hasn’t spent one day on the national level. Neither has her family. Let’s wait and see how she looks five days out.”
Sounds like Bush was smarter than alot of people gave him credit for

“I’m trying to remember if I’ve met her before. I’m sure I must have.” His eyes twinkled, then he asked, “What is she, the governor of Guam?”
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Old 09-15-09, 02:57 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by JasonF View Post
“Why did I sign on to this proposal if I don’t understand what it does?”
He was elected to lead, not to read.
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Old 09-15-09, 03:05 PM
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Re: Inside the Bush White House during the economic meltdown

Bush was actually one of the more brilliant minds that has graced the White House. He just didn't come across as one because of poor speaking skills.
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Old 09-15-09, 03:06 PM
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Re: Inside the Bush White House during the economic meltdown

Okay, I admit. I just wanted to see how many of our members go into seizures reading that post.
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Old 09-15-09, 03:08 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by JasonF View Post
“Why did I sign on to this proposal if I don’t understand what it does?” he asked.

A likely common problem with most Presidents and most bills they sign.
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Old 09-15-09, 03:12 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by Venusian View Post
who has "signed" "the Health Bill"?
Sorry, "voted for".
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Old 09-15-09, 03:13 PM
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Re: Inside the Bush White House during the economic meltdown

“If bullshit was currency, Joe Biden would be a billionaire.”


This may be single greatest line I've ever read, even if it did come from Bush.
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Old 09-15-09, 03:13 PM
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Re: Inside the Bush White House during the economic meltdown

Sigh. I see that everyone here favored Great Depression II.
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Old 09-15-09, 03:15 PM
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Re: Inside the Bush White House during the economic meltdown

It's a good thing then that the 'Bush' plan didn't work.






Oh wait, it did, albeit with some flaws.
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Old 09-15-09, 03:17 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by DeputyDave View Post
Sorry, "voted for".
has anyone even voted for a health bill yet?
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Old 09-15-09, 03:22 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by Venusian View Post
has anyone even voted for a health bill yet?
only in committees
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Old 09-15-09, 03:26 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by Venusian View Post
has anyone even voted for a health bill yet?
Only Rep. Joe Wilson has announced his vote on the floor.
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Old 09-15-09, 03:43 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by Thor Simpson View Post
Okay, I admit. I just wanted to see how many of our members go into seizures reading that post.
I don't think President Bush is dumb. Intellectually rigid and unciurious, but certainly not dumb.
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Old 09-15-09, 03:43 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by Thor Simpson View Post
Only Rep. Joe Wilson has announced his vote on the floor.
With all due respect, I don't believe this comment is 100% truthful.
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Old 09-15-09, 03:45 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by JasonF View Post
I don't think President Bush is dumb. Intellectually rigid and unciurious, but certainly not dumb.
Unciurious?
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Old 09-15-09, 03:46 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by Tracer Bullet View Post
Sigh. I see that everyone here favored Great Depression II.
Not me.

Originally Posted by Pharoh View Post
It's a good thing then that the 'Bush' plan didn't work.






Oh wait, it did, albeit with some flaws.
I think the plan worked reasonably well at curing the short- and medium-term problems, although I would have prefered something closer to what was done with GM. But I don't quibble with the general principle of throwing a lot of money at the problem to soak up the financial markets' fears -- I think that was more or less the only solution available by summer/fall 2008.
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Old 09-15-09, 03:46 PM
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Re: Inside the Bush White House during the economic meltdown

Originally Posted by Venusian View Post
has anyone even voted for a health bill yet?
I was talking about the various versions passed by the different House committees.
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