Democracy for Vancouver

Bush this morning:

Good morning. Over the past few days, we have witnessed a startling drop in the stock market — much of it driven by uncertainty and fear. This has been a deeply unsettling period for the American people. Many of our citizens have serious concerns about their retirement accounts, their investments, and their economic well-being.
…
Here are the problems we face and the steps we are taking:

First, key markets are not functioning because there’s a lack of liquidity — the grease necessary to keep the gears of our financial system turning. So the Federal Reserve has injected hundreds of billions of dollars into the system….

Second, … the Federal Deposit Insurance Corporation and the National Credit Union Administration have significantly expanded the amount of money insured… That means that if you have up to $250,000 in one of these insured accounts, every penny of that money is safe.
…
Thirdly, we are concerned that some investors could take advantage of the crisis to illegally manipulate the stock market. So the Securities and Exchange Commission has launched rigorous enforcement actions to detect fraud and manipulation in the market.
…
Fourth, the decline in the housing market has left many Americans struggling to meet their mortgages and are concerned about losing their homes. My administration has launched two initiatives to help responsible borrowers keep their homes.
…
Fifth, we’ve seen that problems in the financial system are not isolated to the United States… So we’re working closely with partners around the world to ensure that our actions are coordinated and effective.
…
And finally, American businesses and consumers are struggling to obtain credit, because banks do not have sufficient capital to make loans. So my administration worked with Congress to quickly pass a $700 billion financial rescue package….

Can anyone name one thing in what he said that wasn’t in the plan passed last week? The only addition is in working with other countries, and only because our epic FAIL has caused every other capital market in the world to fall to its knees and beg for mercy. There’s nothing new here.

But BushCo can’t ignore the Dow’s suicidal dive, so they pushed the figurehead out there this morning to say something, anything, to try to keep Ma and Pa Kettle from liquidating their IRAs and 401ks and taking the tax hit just to get the fuck out of the stock market.

Ain’t gonna work, Dummy. Because for good or ill, the ‘Murkan people are a bit wiser now than they were after Enron collapsed and you said it was just an anomaly, a few bad apples. They’ve learned not to trust you when you say we’re such a great country that we can invade Iraq, turn it into a Jeffersonian democracy and leave victorious in “six days, six weeks, I doubt six months.” They’re not buying the flight suit anymore.

We don’t believe a word that comes out of your lying mouth. The government hasn’t been there to help its citizens in 30 years, and we’re finally waking up and realizing that maybe the Great Society wasn’t such a bad idea after all.