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Bush laughs off recession talk: "I hear a lot of prognosticators"

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Cocoa Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:01 PM
Original message
Bush laughs off recession talk: "I hear a lot of prognosticators"
yeah, he hears a lot of warnings and he ignores them all, they all turn out to be right, and then he says "no one ever imagined..."

http://www.foxnews.com/story/0,2933,206540,00.html

<snip>

CAVUTO: Still very strong. It's expected to be at or about that, I guess, for the remainder of the year. But there are some who worry that these higher interest rates, higher energy prices, are going to lead a severe slowdown, if not a recession...

BUSH: Yes.

CAVUTO: ... and soon.

Are you in that camp?

BUSH: No, I'm not at all. I mean, look, in my line of work, I hear all kinds of forecasts and, you know, prognosticators. And, you know, that's the great thing about our society, is, a lot of people are allowed to express themselves.

And, no, I'm not. I believe — listen, I believe that we're going to remain strong, precisely because of what you said. Look at what we have overcome to get here. I mean, we — it's — it's — it's a remarkable economy and a remarkable society that can overcome terrorist attacks, stock market corrections, corporate scandals, natural disasters, high energy prices.

You know, the United States aggressively pursuing our own — or our security — and, yet, the economy is good. And the reason why is, is because, you know, people have got more money in their pockets to — which helps them unleash this great creativity of the American people. And, plus, we got great workers.

And so, I — for the short run, I'm comfortable. Now, I'm not a forecaster, but I feel good about it, from what I see.

more...
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:02 PM
Response to Original message
1. "Now, I'm not a forecaster"
Just a decider. :eyes:
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bryant69 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:03 PM
Response to Original message
2. Look, It's not like my plans have ever gone wrong in the past
As far as I know, everything is going smoothly, and I'm sure this here economy will be no different.

Bryant
Check it out --> http://politicalcomment.blogspot.com
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LisaM Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:08 PM
Response to Reply #2
14. LOLOL - thanks for the laugh, Bryant
best laugh I've had all day.
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MoseyWalker Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:03 PM
Response to Original message
3. He probably thinks
prognosticators are those who send probes up his ass during a colonoscopy.
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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:03 PM
Response to Original message
4. I'm impressed that he could say "prognosticators" without help.
Cavuto is a useless troglodyte.
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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:08 PM
Response to Reply #4
11. Probably just had
new batteries fitted and so will be able to say words of more than one syllable for a while.
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samsingh Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:04 PM
Response to Original message
5. who believes anything he says?
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:08 PM
Original message
Well, he probably believes what he says
Of course what I just read was 100% psycho-babble. He didn't say anything of substance, just that he believes everything is peachy.
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Lerkfish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:04 PM
Response to Original message
6. god, I swear he's being fed through a microphone
the stammers and the abrupt changes in direction...someone is dictating to him through an earpiece. you can especially tell in transcripts like this.

IMHO
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AirmensMom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:05 PM
Response to Original message
7. Of course HE'S comfortable.
:eyes: Does he even have a clue how the rest of us live? What an idiot. :banghead:
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WI_DEM Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:05 PM
Response to Original message
8. he feels good about high gas prices, higher energy prices,
higher food prices, folks having to work 2-3 jobs to make ends meet, higher interest rates, and slowing wages. Gosh as long as the rich get their tax cuts then all's well in the world.
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Kindigger Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:24 PM
Response to Reply #8
17. But but....
he said it's supposed to make us more creative. Maybe that's what's wrong. We haven't figured out how to be creative. Ahhhhh....why didn't he tell us how? :banghead: Go to burglary school? :shrug:
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:06 PM
Response to Original message
9. This is an "opportunity" for people to buy stocks at low prices...
Nothing is ever "bad" for George W Bush. It's a temporary situation that smart entrepreneurs will take advantage of and help create new jobs in a booming economy...
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Vincardog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:06 PM
Response to Original message
10. remarkable society that can overcome terrorist attacks, stock market
Edited on Tue Aug-01-06 02:07 PM by Vincardog
corrections, corporate scandals, natural disasters, high energy prices.

But we can not survive corrupt Criminal "leadership" any longer. Vote Democratic in November and impeach the whole PNAC cabal asap.
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Cocoa Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:08 PM
Response to Reply #10
12. we can overcome HIM
that's the great thing about America. :bounce:
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BuhByeChimp Donating Member (246 posts) Send PM | Profile | Ignore Tue Aug-01-06 02:08 PM
Response to Original message
13. I somewhat agree with him.
Despite high fuel costs people are doing well.

The only problem I see, and it does seem to be a problem is savings. People simply are not saving anymore and are relying on credit in times of need.
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MissB Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:11 PM
Response to Reply #13
15. "despite high fuel costs people are doing well"
:rofl:
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Frank Cannon Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:24 PM
Response to Reply #13
18. "Despite higher fuel costs, people are doing well"
:rofl:

Would you mind qualifying that?
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MissB Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:25 PM
Response to Reply #18
19. Personally, I think the poster left out "some" in front of "people"
:rofl:
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Frank Cannon Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:33 PM
Response to Reply #19
23. If by "people" he means "Halliburton" and "Carlyle Group"
I might actually agree with him (assuming the poster is a him).
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rubberducky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:30 PM
Response to Reply #13
21. When all you can do is pay rent
utilities and food what is left to save?? An unexpected doctor bill is a crisis! perscritions, forget it! Credit????? I have NO credit. Please do not lecture me on savings. I have nothing to save and I`m sure I`m not alone.
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BuhByeChimp Donating Member (246 posts) Send PM | Profile | Ignore Tue Aug-01-06 02:56 PM
Response to Reply #21
30. I'm not lecturing you.
I live in Oklahoma, hardly a center of economic prosperity and things are going great locally. Everyone that wants to work has a job.

The local murder rate is extremely high, I will say that. Its also extremely hot.

btw, do you have a written budget?
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rubberducky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 03:23 PM
Response to Reply #30
32. Little buddy, yes I have a budget!!
Lost my job about 7 weeks ago, so I`m REALLY into budgets. Didn`t mean to jump you just recovering from losing a job I planned to have until I retired. I`m not young so my options are very limited. My bad, BuhByeChimp, so sorry didn`t mean to flame ya!!
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jeanarrett Donating Member (813 posts) Send PM | Profile | Ignore Tue Aug-01-06 03:18 PM
Response to Reply #13
31. What "people" might you be referring to?
My savings has gone the way of all the "extra" money I don't have for increased heating bills, increased food costs for a family of 7, increased gas prices to get to work--and yes, I do save, but my savings are just about shot because of his bad policies and bad leadership. If you mean the "people" at the top 1% in this country, yeah, I'm sure they're doing just peachy. The rest of us are slowing starving to death and getting deeper in debt just to try to keep up. My paycheck certainly didn't go up with everything else.
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Eurobabe Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:15 PM
Response to Original message
16. Chicken English, get Bush a tutor!
Does he even have the ability to speak a complete and meaningful sentence??
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:26 PM
Response to Original message
20. Real People Can't Outshout The Voices In Bush's Head
So I'll propose the Red Queen's approach....
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MGD Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:32 PM
Response to Original message
22. It all looks good as long as we can keep spending money that we don't have
I frequently wonder just how long we can keep doing that.
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:34 PM
Response to Original message
24. That Harvard MBA really came in handy for second-guessing
"prognosticators".
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gatorboy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:35 PM
Response to Original message
25. In his line of work?
Poor Bush sounds like he works a blue collar job.

"Yeeeppp, been presidentin' for some time now, just like my daddy before me. Hard work, y'know? Right up there with minin'...."
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warrens Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:39 PM
Response to Original message
26. Anyone here have more money in their pocket than in 1999?
I'm sure not in that camp. Everyone I know has been unemployed at least some of the time since then, like I was for 18 months. I'm working for just about what I was earning 10 years ago, and prices are quite a bit higher than in 1996, back when we had a real president.
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MGD Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:49 PM
Response to Reply #26
27. Yeah, it seems like it actually.
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B Calm Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:52 PM
Response to Original message
28. and the republican economic disaster continues.....
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Mountainman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 02:54 PM
Response to Original message
29. We haven't overcome any of the things he states. The rupuke just
refuse to deal with them.
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Yavin4 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-01-06 03:33 PM
Response to Original message
33. There is a Severe Economic Recession on the Way
Because of higher energy prices and higher interest rates. This economy has had lackluster job growth since 2001, and the only "growth" there has been has been in speculative real estate, thanks to historically low interest rates from the fed from 2001 - 2004.

Now, interest rates have to rise in order to head off inflation brought on by higher energy prices and to balance out the RE speculation, and without a huge growth sector like information technology on the horizon, this recession will be a long one indeed.
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