Wed, 06 Aug 2003 19:06:02 GMT

What the Wha? Bush Admits He Destroyed the Economy.

George W Bush: Yes. No, to answer the last part of your question. First of all, let me — just a quick history, recent history. The stock market started to decline in March of 2000. Then the first quarter of 2001 was a recession. And then we got attacked in 9/11. And then corporate scandals started to bubble up to the surface, which created a — a lack of confidence in the system. And then we had the drumbeat to war. Remember on our TV screens — I'm not suggesting which network did this — but it said, “March to War,” every day from last summer until the spring — “March to War, March to War.” That's not a very conducive environment for people to take risk, when they hear, “March to War” all the time.

Damn. you read it. He said it. Could it be he can't make the connection that his drive to war is what was producing that “not a very conducive environment for people to take risk”? And he lets his scapegoats in the media off the hook before even dropping the bomb. Whoa. I usually try and give the fool a little credit, he can't be as dumb as it seems if he got to the White House, inbreeding and all. But this is retarded. Can someone give him an IQ test so we can know the real answer once and for all?

[via Eschaton + original source]

[Abstract Dynamics]

I would also add that when he first took office he said repeatedly that the economy was failing, and nothing spurs growth than the president saying there isn't and won't be any. consumer confidence is a fickle beast, when someone who should know says things are in the pot, consumers listen and act.