CHESSNOID

Bush instills no confidence.  I know I am very critical of our President because he has done such a lousy job.  I was against the war from the beginning when it was unpopular.  I knew he lied to us about it then.  Now in this financial mess that he and the other 2 stooges Bernanke and Paulson help create, he continues to lie. According to CNN:

NEW YORK (CNNMoney.com) — President Bush on Friday encouraged the American people to have confidence in the economy during a “deeply unsettling period,” and reiterated the recent measures taken by the Federal Reserve and Treasury Department to breathe life into the battered markets.

“Here’s what the American people need to know: the U.S. government is acting, and we will continue to act, to resolve this crisis to return stability to our markets,” said Bush, in a speech at the White House.

Bush said that the government’s “wide disposal of tools” included the $700 billion bailout of the financial industry, which he said is “big enough to work.” This plan will authorize the Treasury to buy bad mortgage-related investments from finance companies, unfreezing the credit markets by freeing up banks and finance firms to lend once again.

Bush also said the government has started to take steps to help homeowners to refinance into more affordable mortgages; cut the target for the federal fund rate; unveiled a plan to support the market for commercial paper; and has offered government insurance for money market mutual funds.

In addition, he said the U.S. government is coordinating its efforts with other counties.

“This is an anxious time, but the American people can be confident in our economic future,” he said.

Since Sept. 15, the day financial giant Lehman Brothers failed, the president has commented on the nation’s financial health 26 times, either through written, radio or on-camera statements.

26 times is too many times. Bernanke and Paulson have made too many appearances as well. It seems like everytime any of the 3 stooges make a TV appearance, the stock markets tumble. They are now just messengers of bad news. They were all aware of these crisis at least a year ago, and they just dismissed everyone’s opinions because they thought they were smarter than everyone else. Now, they are the official federal government 3 stooges, but no one is laughing.