George W. Bush

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Bush Vows Market Stability, IMF Warns of 'Meltdown'

(Newser) - President Bush and his allies tried to steady plunging markets today after meeting in Washington, but proposed no new plan, Reuters reports. International Monetary Fund chief Dominique Strauss-Kahn warned that the global economy was facing "systemic meltdown," but backed the G7's as yet undefined rescue plan, saying it...

When Bush Speaks, Markets Shrug
 When Bush Speaks, 
 Markets Shrug 
OPINION
Oct 11, 2008 10:45 AM CDT

When Bush Speaks, Markets Shrug

White House brings no leadership to the table

(Newser) - George W. Bush tried to calm the markets once again yesterday, and once again, the markets responded by plunging. It was the 20th time in recent days that Bush has issued such proclamations, and every time “the market ignored him, and continued its downward plunge,” Dana Milbank writes...

Hitchens: We're Now a Banana Republic

Accountability is nil, the president useless

(Newser) - The credit crisis has laid bare the failings of US government, writes Christopher Hitchens in Vanity Fair, putting us on par with other banana republics such as Zimbabwe and Venezuela. How else to describe this "collusion between the overweening state and certain favored monopolistic concerns, whereby the profits can...

Bush: Recovery Will Take Time

But don't worry, we have acted and will continue to act

(Newser) - The government's financial rescue plan is aggressive enough and big enough to work, President Bush said today, but it will take time to fully kick in. "Anxiety can feed anxiety and that can make it hard to see all that's being done to solve the problem," Bush said...

We Need 2nd Stimulus Bill: Pelosi

Struggling economy requires a $150 billion plug, Speaker says

(Newser) - House Speaker Nancy Pelosi says a second economic stimulus plan is needed now because of the faltering economy, and she puts the price at $150 billion. President Bush, however, has promised a veto. The House passed a $61 billion economic aid proposal last month before lawmakers left Capitol Hill ahead...

Low Approval Ratings Greet W.
 Low Approval Ratings Greet W. 
MOVIE REVIEW
Oct 8, 2008 11:29 AM CDT

Low Approval Ratings Greet W.

Stone's third presidential biopic his weakest

(Newser) - If early reviews are any indication, Oliver Stone might want to avoid waving a “Mission Accomplished” banner. His George Bush biopic, W., is “a gutsy movie,” writes Kirk Honeycutt of the Hollywood Reporter, “but not necessarily a good one.” The movie comes too soon to...

Esquire Endorses Obama ... Kinda

He might be unable to define what change means, but Barack's the only horse in the race, say mag's editors

(Newser) - Barack Obama "is the only possible choice to lead the country," says Esquire, though the magazine’s position is less an endorsement of Obama and more a treatise against John McCain. Obama has failed to define his key campaign theme of change “except as all those things...

Bush Moves Quickly, Signs Bailout Bill Into Law

Reps who switched vote already spinning change for constituents

(Newser) - Less than 2 hours after the House passed the $700 billion bailout bill, President Bush signed it this afternoon. With a stroke of a pen, he set in motion $110 million in tax cuts and sent the legislators on both sides of the 263-171 vote home to explain themselves to...

Perky, Populist Palin Saves McCain Again
Perky, Populist Palin Saves McCain Again
OPINION
Oct 3, 2008 10:05 AM CDT

Perky, Populist Palin Saves McCain Again

Noonan: She's a little transparent but still very effective

(Newser) - Sarah Palin starred in her own political "infomercial" last night and once again revived John McCain's flagging campaign, writes Peggy Noonan of the Wall Street Journal. Palin looked "not petrified but peppy," her style far more suited to a debate than a cerebral interview. Biden seemed to...

Bush Gambles Left US Broke; McCain's Could Kill Us

Palin choice shows Mac is just as willing to roll dice—but now's not the time for that

(Newser) - With Wall Street unraveling, Roger Cohen writes in the New York Times, we should remember who taught America all about incautious betting: President Bush, “the first person to reprice risk on the basis it no longer existed.” The Iraq war was a gamble with US lives and money,...

Euros See the End of American Dominance
 Euros See
 the End of American
 Dominance 
GLOSSIES
Oct 1, 2008 1:06 PM CDT

Euros See the End of American Dominance

After Bush, the arrogance of the United States is no more

(Newser) - When President Bush delivered his final address to the UN last week—harping on terrorism but barely bothering to mention the crisis in the global economy—world leaders in attendance buzzed about the disconnect, along with the disheveled hair and ill-fitting suit that seemed to mark him as a finished...

In Poll, More Blame GOP, Bush for Bailout Failure

90% worry economy will suffer more

(Newser) - A poll shows that 44% of Americans blame Republicans and 21% Democrats for the failed bailout, though a majority thought the plan didn't go far enough to protect the public, reports the Washington Post. Respondents were split on the bill: 45% were for it, 47% against it. Still, almost 90%...

Bailout Vote Shows Bush's Power Waning
 Bailout Vote Shows 
 Bush's Power Waning 
analysis
Sep 30, 2008 6:56 AM CDT

Bailout Vote Shows Bush's Power Waning

Huge defeat contrasts with days of willing Congress

(Newser) - The bailout bill’s failure to pass the House—due in large part to defectors from his own party—demonstrates President Bush’s flagging influence in Washington, observes the Washington Post. Bush’s “biggest legislative defeat” as president, it highlighted his tendency to rely on alarmist rhetoric—repeated dire...

House Debate Heated as Bush Pushes Bailout

But whether bill will pass remains up in the air

(Newser) - President Bush called on lawmakers this morning to support the hotly-contested bailout bill as the House began debate and leaders on both sides of the aisle counted defections, Politico reports. ““Every member of Congress and every American should keep in mind: A vote for this bill is a...

Once-Nurtured Militants Have Pakistan Teetering on Brink

Paradoxically, insurgents strengthen after US-inspired strikes

(Newser) - Pakistan’s government is caught between two overbearing powers: the Taliban fighters who want to destroy it, and the American officials who inflame tensions between the government and its people. “The Pakistanis are truly concerned about their whole country unraveling,” a Western military official tells Dexter Filkins, who...

House Republicans Return to Bailout Negotiations

Key concessions, and a desire to approve legislation, put talks back on track

(Newser) - After a dramatic exit yesterday, House Republicans returned to talks today on the Wall Street bailout plan, the Washington Post reports. The White House expressed confidence and hoped aloud for a resolution by Monday. Yesterday’s White House meeting, with both candidates, was seen as a misstep. “The insertion...

The GOP Plan: Less Regulation, Private Funding

Bush, Paulson, Dems reject conservative counterproposal

(Newser) - When John Boehner scuppered the nearly-sealed bailout deal at yesterday's meeting, the House minority leader proposed an alternative plan: a bank-financed insurance system that would rescue individual mortgages. Under the GOP proposal, the government would not buy up the toxic mortgage-backed securities at the heart of the crisis but instead...

How the Bailout Talks Broke Down

Partisanship, an alternative plan undercut consensus

(Newser) - Hopes were high yesterday morning that a deal was imminent for Treasury Secretary Henry Paulson’s bailout plan, but a surprise GOP revolt at a tense summit with Bush and the presidential candidates scuttled the agreement, and plunged the capital into partisan bickering last night, the New York Times reports....

Bush Blocked Israel Attack on Iran

Prez refused plea to back bombing of nuke facilities

(Newser) - Israel asked Washington for a green light to bomb Iran's nuclear facilities but was told no, reports the Guardian. Prime Minister Ehud Olmert made the request in a private meeting with President Bush in May, but Bush feared air strikes over several days would lead to full-scale war and terrorist...

Candidates Meet With Bush
 Candidates Meet With Bush 
updated
Sep 25, 2008 4:05 PM CDT

Candidates Meet With Bush

Details emerge on how money would be doled out

(Newser) - John McCain and Barack Obama met with President Bush and congressional leaders in Washington this afternoon to discuss the evolving bailout plan, the AP reports. With the candidates' help, “my hope is that we can reach an agreement very shortly,” Bush said. Key lawmakers said they had reached...

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