In dramatic fashion, GW stormed the gates this past Monday, empowered by Congress with the new rescue package, and determined to keep our financial security intact, the president stormed Wall Street, seperating mortgage backed securities with surgical expertise, using them to refund the housing sector, stopped the foreclosure epidemic in it's track, opened back up credit lines, reversed the run for liquidity, restored normal market trading and all around saved the world from global recession.

In an amazing turnaround from his 8 years of financial stupidity, Bush stunned the world money markets, pulling a financial miracle with a mere 175 billion of buys well placed in strategic areas, restored confidence, and stunned the world. Putin has declared Bush the greatest leader in modern times and pulled out od Georgia. Iranian leaders have given up nuclear power and even though they are experiencing black outs are still pleased to do so just to make Bush happy, since he saved the world oil trade this week. India, Japan, Hong Kong are all amazed at the astute trades the US Treasury made to stop the sky from falling, and have begun to buy US Treasuries again. The rescue package is being hailed as the most effective bill ever passed in Congress and the money saved in the world money markets will be used to stop global warming so the sky stays up there for the next generation of earth crawlers.

***********okay, not a single dollar of the bill was spent this week, not a single dollar was invested, we were told to pass it fast, they needed it fast, had to have it ASAP, just make it a blank check so they could use it immediately... we gave it to them and they sit and watch the worst week in market history and spend a big fat zero.

nice rescue

sarcastic when I got to the bit about global warming :)

was a dead give away.

What is now evolving is beyond strange. The UK did some direct investing in their banking and now the Treasury is seriously looking at doing that... which isn't anything close to what the bill intended. Personally, I thought the bill was such a waste of money, any change has to be a good change.

What he's probably doing now is using the promise of money or the threat of no money to whip a few people into line.

he never does anything good with money, it's like a disease that followed him his whole life.

I have long wondered why the Republican party thought that George W. Bush deserved to be their standard-bearer. Eight years ago McCain would have been much better. We can wonder about the odd processes that propelled Bush past McCain in 2000 and that propelled McCain past Giuliani this time around. How much might have been different had McCain won in 2000 would be the subject of more than a few speculative posts.

If you ask me (and you haven't), the selection of Bush in 2000 turns out to have been a great clanging symptom of the rot in the Republican coalition that is now too rotten to heal itself.

I am glad beyond words that the Republican party and its presidential candidate's campaign are now seen to be in tatters.

But I am sad and a bit worried that our economy would appear to be in similar state. So much attention over the last 8 years has been diverted to Iraq and Guantanamo. So many billions of dollars, too. Without these diversions, would Congress and the president have attended more to the economy? Would they have better tools at their disposal today to deal with the collapse we are all witnessing? I dare say it's possible.

I have said it before, and been ridiculed for it. I will say it again. Have at me.

Pray that this Republic survives the Bush administration.

that was a different McCain. I don't know if it would have made any difference, it seems like the same forces would have been in play... maybe not. It is awful hard to imagine things going any worse than they have for the last 8 years.

except that I was for Gore in '00. Water under the bridge and all.