President Bush said, "When you over correct, you end up in the ditch." Clever words, from a President with a 28% approval rating (depending on which poll, looked at) and an economy that is going south, fast. President Bush was speaking at the "The Economic Club of New York," trying to convince all in attendance, plus the American people, the economy is not in a free fall, the "Bush Tax Cuts" should be made permanent, and to much government intervening could be a catastrophe, for America. The President of the United States, used a multitude of anecdotal and colorful comments, assuring the people the economy was not in a recession and the U. S. economic ship will be righted. President Bush, a man who has consistently been criticized for "staying the course" and not pulling out of some policy decisions, even if the American people, advisors, or the world thinks he may be wrong, is still beating the same horse. Maybe, President Bush should be going with a strategy of, "it is better to have egg on your face (admitting a wrong policy), than something else on your head (for pressing forward)."
Bush also said today, "that markets need time to self correct," "that anytime the government intervenes in the market, it must do so with clear purpose and great care" and "if Congress does not make the tax cuts permanent, they will create additional uncertainty, during uncertain times." However, those are all great "talking points," but the American people are seeing gas moving closer to $4.00 a barrel, food prices rising in grocery stores, and a huge crunch on small businesses. Even when the "government stimulus checks" arrive, sometime in late May to early June, most people are going to have to use them to buy gas, extra food, and necessities, things that will not help the economy rebound. Dumping more on Mr. Bush's head, because of the lack of foresight into the American plight, buying strategies, and sticking with "Wall Street," rather than knowing "Main Street."
The President boomed, at the men and women of Congress, to make his tax cuts permanent. Economist, actor and the "get the red out" commercial man, Ben Stein was hosting and a big part of the event. Stein campaigned in 2005 for an overhaul of Social Security, yet is no schill for Bush. He believes that the "Bush tax cuts," are a main reason why the housing market and sub-prime mortgage crash, deficit spending and overall credit crunch has happened. Stein, is an economic guru and has an affinity with President Bush. Yet he spoke on camera, saying, "I love Mr. Bush. He will always have my vote and appreciation for the many good things he has done [for the country], but I think that he did this wrong. We have had fiscal mismanagement for some time now. The chickens have come home to roost. We've got to stop it. We owe it to our grandchildren, or else we will leave them, as pions of the Asians and Petro states."
The majority of the United States debt, projected anywhere from $11 to $16 trillion, is mostly owned by China and Asian countries. This is not only a huge crunch on the U. S. dollar, but it is also a major national defense issue. China is buying up American debt, they are also buying all of the oil, natural gas, and many other natural resources around the globe. China, who is hosting the "2008 Winter Olympics," in Beijing, is now a "super power." The Chinese have been increasingly flexing new found muscle, not only in both the economic, but also in defense areas. Last year alone, the Chinese sent "cyber war" viruses into the Pentagon and other government installations (causing all email to shut down completely and other Internet problems), several Chinese-Americans and other Chinese immigrants (legal, some on a Z-Visa programs, and illegal immigrants, as well) have been caught/charged with espionage and successfully transferring information, plus certain defense parts back to their homeland. China launched and shot down a space satellite, with an intercontinental ballistic missile, something that has never been done before. China and Russia have completely blocked, or abstained from voting, against Iran, in United Nations. However, with China holding trillions of dollars of United States, George Bush and the U. S. have no power to influence China, in any way.
The housing market is in the tank, gas is over the $3.50 a gallon range, gold is over $1000 an ounce (for the first time in history), China and Russia are both getting stronger and the U. S. is getting weaker, and finally people on Main Street are all feeling the crunch. In today's speech and event, President Bush had little to say and even less to assure the people of America. Recession is in the first stages, by all accounts, and unless something is done fast, it will become a full blown economy recession. Still, President Bush stands fast, stating the rebate checks (coming in May/June) need to be given time to work, tax cuts need to be made permanent, and dodging the egg being thrown his way. Like stated above, "George W. Bush needs to allow the egg to hit him in the face, before something else hits the fan and falls on his head."
Bush also said today, "that markets need time to self correct," "that anytime the government intervenes in the market, it must do so with clear purpose and great care" and "if Congress does not make the tax cuts permanent, they will create additional uncertainty, during uncertain times." However, those are all great "talking points," but the American people are seeing gas moving closer to $4.00 a barrel, food prices rising in grocery stores, and a huge crunch on small businesses. Even when the "government stimulus checks" arrive, sometime in late May to early June, most people are going to have to use them to buy gas, extra food, and necessities, things that will not help the economy rebound. Dumping more on Mr. Bush's head, because of the lack of foresight into the American plight, buying strategies, and sticking with "Wall Street," rather than knowing "Main Street."
The President boomed, at the men and women of Congress, to make his tax cuts permanent. Economist, actor and the "get the red out" commercial man, Ben Stein was hosting and a big part of the event. Stein campaigned in 2005 for an overhaul of Social Security, yet is no schill for Bush. He believes that the "Bush tax cuts," are a main reason why the housing market and sub-prime mortgage crash, deficit spending and overall credit crunch has happened. Stein, is an economic guru and has an affinity with President Bush. Yet he spoke on camera, saying, "I love Mr. Bush. He will always have my vote and appreciation for the many good things he has done [for the country], but I think that he did this wrong. We have had fiscal mismanagement for some time now. The chickens have come home to roost. We've got to stop it. We owe it to our grandchildren, or else we will leave them, as pions of the Asians and Petro states."
The majority of the United States debt, projected anywhere from $11 to $16 trillion, is mostly owned by China and Asian countries. This is not only a huge crunch on the U. S. dollar, but it is also a major national defense issue. China is buying up American debt, they are also buying all of the oil, natural gas, and many other natural resources around the globe. China, who is hosting the "2008 Winter Olympics," in Beijing, is now a "super power." The Chinese have been increasingly flexing new found muscle, not only in both the economic, but also in defense areas. Last year alone, the Chinese sent "cyber war" viruses into the Pentagon and other government installations (causing all email to shut down completely and other Internet problems), several Chinese-Americans and other Chinese immigrants (legal, some on a Z-Visa programs, and illegal immigrants, as well) have been caught/charged with espionage and successfully transferring information, plus certain defense parts back to their homeland. China launched and shot down a space satellite, with an intercontinental ballistic missile, something that has never been done before. China and Russia have completely blocked, or abstained from voting, against Iran, in United Nations. However, with China holding trillions of dollars of United States, George Bush and the U. S. have no power to influence China, in any way.
The housing market is in the tank, gas is over the $3.50 a gallon range, gold is over $1000 an ounce (for the first time in history), China and Russia are both getting stronger and the U. S. is getting weaker, and finally people on Main Street are all feeling the crunch. In today's speech and event, President Bush had little to say and even less to assure the people of America. Recession is in the first stages, by all accounts, and unless something is done fast, it will become a full blown economy recession. Still, President Bush stands fast, stating the rebate checks (coming in May/June) need to be given time to work, tax cuts need to be made permanent, and dodging the egg being thrown his way. Like stated above, "George W. Bush needs to allow the egg to hit him in the face, before something else hits the fan and falls on his head."
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