Text of George Bush’s Address 9


My Fellow Americans,

It grieves me to see the livelihood of decent ordinary Americans, folk who pay off their mortgages and file their tax returns every April 15, threatened by the behaviour of irresponsible people in the financial sector. That is why I am planning to take the money away from ordinary Americans and give it to those irresponsible people. Because capitalism and democracy is the best system of government in the world, and you can’t have capitalism without irresponsible people in the financial sector.

In normal circumstances I believe that companies which are managed badly should be allowed to go bust. But these are not normal circumstances. The market is not working, as people have lost confidence in the system. That is why, so that ordinary decent people will still be able to get credit to buy homes and pay their children through college, I must take all their money and give it to these very well paid people who mismanaged their companies. Because these are not ordinary people in normal circumstances who use monkey wrenches and stuff and can be allowed to lose their jobs as firms go bust. These are rich folk like me. Society needs rich folk, so unless you give away all your money to these very rich people now, you will end up poor and without a pension and you will die alone and miserable.

This is not like taking money for medical insurance or welfare. I can assure you none of this money will be wasted on poor people, and hardly any of it on black people. So unless we build a bipartisan consensus and you give all your money to me to redistribute to the extremely rich, the plain truth is you will end up poor.

Thank you.

George W Bush


9 thoughts on “Text of George Bush’s Address

  • Sabretache

    Here are videos of the last two speeches by Representative Marcy Kaptur (Den – Ohio) to Congress on the proposed bailout. I promise you will not hear better, more hearfelt or thorough demolitions of what Poulson and Bernanke (With Shrub's full support) are proposing. Not that it will make any difference.
    http://tinyurl.com/3vcw8j
    http://tinyurl.com/3t3xkz

    It's a copy-&-paste job I'm afraid. Proper links needed!

  • Sabretache

    Here are videos of the last two speeches by Representative Marcy Kaptur (Den – Ohio) to Congress on the proposed bailout. I promise you will not hear better, more hearfelt or thorough demolitions of what Poulson and Bernanke (With Shrub's full support) are proposing. Not that it will make any difference.
    http://tinyurl.com/3vcw8j
    http://tinyurl.com/3t3xkz

    It's a copy-&-paste job I'm afraid. Proper links needed!

  • algernon

    Here's a couple of more links of another dissenting voice on the proposed bill to bailout the bankers…
    http://www.youtube.com/watch?v=dv6rQ0U01Yc
    http://www.youtube.com/watch?v=TlgByE1jDRA

    If only their voices were loud enough to penetrate the 'consensus trance' that is instilled by mainstream media. We need more Ron Paul's. Actually I'm surprised that he got his opinion across without interruption in that Fox broadcast.

    We are warned by Paulson and the like that Financial Armageddon will result if they don't get their way. This is probably very true, as the cynic in me says that he and his buddies have it in their power to engineer such an event by further throttling the supply of credit into the markets through the federal reserve.

  • Strategist

    "We are warned by Paulson and the like that Financial Armageddon will result if they don't get their way."

    The way they are using this crisis to bounce through extraordinary measures, claiming there is no time to give them careful consideration, is an exact replica of the tactics used over & over again by the neocons, as dissected and described by Naomi Klein in her excellent book, The Shock Doctrine.

    It's daylight robbery of a mindblowing amount of money.

  • writeon

    New lamps for old! New lamps for old!

    The 700 billion is just the start of the handout to ensure 'capitalisms' survival, and it may not work, yet Paulson is ensuring that what's left of the treasury's resources will go to compensate the financial aristocracy's loses. And when he returns for more it'll be difficult to argue against throwing more good money after bad, because that would imply that the current handout was a waste and a failure. Once one goes down this path it'll be difficult to return.

    But why not handout 700 billion to the millions of ordinary Americans who risk losing their homes and their jobs? Why give the handout to the rich? It's because the 'free market' is a gigantic confidence trick designed to diguise the 'class war' that's at it's heart.

    Personally I believe the 'bailout' is too little too late and we're going to have ringside seats for the collapse of capitalism was we know it, but to be replaced by what exactly? That's the really interesting question.

  • Jeremy

    Ok. I have sobered up enough to try and write a serious comment, scratch my last please.

    All of this seems not dissimilar at all to the point in time shortly after the misfated Falkland War. Just before the Argentinian Junta relinquished their power they decided to absolve more or less the whole of the Argentinean business elite of their debts. The resulting state debt crippled the new democratically elected government so much that they felt compelled to follow the Washington consensus and buy into the neo-liberal imperatives of the junta.

    In a similar way the US will be so thoroughly in debt by the time that the 20th of January comes round that there will be no money left for anything, other than further privatization and please for loans from the IMF and the World Bank — please spare your irony.

  • DuncanMcFarlane

    If it was Bush and Paulson's $700bn blank cheque to the banks that congress had voted down and people were opposing i'd agree with you Craig.

    It's not though – and the trouble is many Americans don't know it's not. Democratic Party congressional leaders (including Obama) actually rejected Bush and Paulson's proposal from the start of negotiations. The bill that they agreed to present to congress was effectively for a loan that would only be given out in stages if necessary and if the banks met the conditions it required. It would have to be repaid in full, plus interest. The conditions include :

    Washington takes stake in firms helped so taxpayers share any profits.

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