Bush versus Bernanke on the Economy

Update:

[via C&L]

Comments

[Stephen Spear]

Of course, with global warming, it's becoming much easier to live outside...

[brian holt]

"free market"

[gordon]

Ah, the stupid economy. How boring. Except for the stupid consequences, like these.

[Cynthia]

About the only way to take Bush seriously is to couch him in comedy.

[Jas Jain]

--
"Using official government statistics, the study points out that because American schools are funded primarily from local property taxes, rich districts get the best state education."

America's Crooks know thousand ways how to institutionalize inequality of opportunities! And Crooks are in-charge, e.g., crooked program named "no child left behind" that can only appeal to born-and-bred dopes.

Jas

[Sandman]

Globally inflation has peaked and is now starting disinflation and economic slide. The global boom peaked in the 2nd quarter and now is beginning to decline.

The IRX will go down to 0% and Bernanke will follow, for the good it will do. Credit disaster.

The government has got to stop its intervention to supply credit and trying to expand consumption instead get people into investing into actual production again.

We are watching the end of the Reagan supply side dream. It caved in on itself.

[Ryan]

Sandman,

Sounds about right; old fashioned Hamiltonian Economics mixed with local oversight seems a great long term solution to me.

[Gegner]

Thanks for this Dr. Thoma, I howled! These were very funny..except for where it wasn't.

Um, sorry, back to reality...

More truth is said in jest, which is certainly true in both of these videos.

It's time for people to wake up to the train wreck these people have made out of our economy.

If you love your children, 'A Simple Plan' is the way to go. Debt driven society has 'hit the wall', it's time to change to a labor driven social model.

[hari]

Mark you have found the way forward - there is a disconnect between theory and practice under Bush and Bernake - need to use visuals (more and more) to bring the dire message into the drawing room so more people can understand the *comics* of a hegemonic leader like GWB (MBA/Harvard!).

[robertdfeinman]

If it's really true that Bush scheduled his impromptu press conference to bump coverage of Bernanke off TV then what does this say about the mindset of the Whitehouse?

There has been lots of evidence that the only part of his career that Bush likes and has taken an interest in is the politics. Stories of his finding ways to punish opponents personally have been reported for over a decade.

It seems that the Plame affair is one such example. Damaging the credibility of Joe Wilson trumped national security and the law and also justified a cover up involving perjury.

Yesterday the Whitehouse took the next step, challenging the separation of powers (again) when it refused to turn over FBI information to congress. And we thought Nixon was bad...

[jean]

The Clinton impeachment was such a horrendous mess we seem to have no stomach to go through such a national convulsion again, but...by not reigning the Bush administration in we are setting a terrible precedent. Does anyone really think that even the Democrats will want to dump the 'unitary executive' model? It's worked so well. We, the collective we, are like deer in the headlights. We are hoping Obama will be another FDR. Maybe, but I'm not holding my breath, I could die. Train wreck, indeed.

[ddt]

CNBC is picking up this story.

they're running a report on bernanke vs. bush and the late-night roasting in a few minutes