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Bush's Peculiar Wall Street Speech

Bush bashing is in STILL and will continue at least 4 more years to clear the way for Obama's mistakes. He was not the WORST president (hello Carter) ever and actually had few profound successes given he had a hamstrung Republican thin-majority congress for 6 years followed by 2 years of a super-wealthy-finance-... congress.

The speech was an attempt to boost confidence for investors. Lots of platitudes. Bush has never been a great communicator - perhaps his biggest fault along with his unrelenting staff loyalty (also Nixon's undoing). In most cases when Bush appears to talk in recent times - the market goes DOWN. It is interesting his talk helped it go UP this day.

Free market capitalism took near fatal blow in Sept 2001 because that event turned even die-hard conservative adam-smith worshipers into Keynesian dietary dependents to help resolve the worldwide financial disaster. It opened the gates wider for free money out of Frannie with NO oversight thanks to and even more Keynesian dependent Democrat leadership. The current mess then is merely the final wave of the 2001 attack aftershocks.

Bush - who cannot successfully talk his way out of a paper bag - was an easy target for eight years of Democrat abuse. Any blame due to Democrats was easily deflected to Bush. Now - the very people who refused oversight of their financial domain of Frannies are in charge of the cure. American politics is so funny it should be syndicated.