Today, George W. Bush met with the G7 Financial Ministers(Canada, France, Germany, Great Britain, Italy, and Japan) at the White House to discuss the state of the US and World economies. With all of the many actions the United Sates has taken in the past few weeks, including the Wall Street Bailout, to push the country out of a rescission, it was important for President Bush and Secretary of the Treasury Paulson to explain the United States' plan.
Bush stated that
"In my country, it is important for our citizens to have understood that which affects Wall Street affects Main Street as well. And all of us recognize that this is a serious global crisis and, therefore, requires a serious global response for the good of our people. We resolve to continue our strong efforts to return our economies to the path of stability and long-term growth. "
Source:http://www.whitehouse.gov/news/releases/2008/10/20081011-2.html
Election Update
In terms of the election, Bush has stayed out of the news in the past few weeks. He has not spoken much about the campaign, possibly realizing that any association may damage the campaign. The actions Bush is taking to pull the economy out of recession and talk to global leaders could help to improve the image of the Republican Party, but it may be too late in the game. Stay tuned
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4 comments:
I've seen and heard very little of President Bush over the past couple of weeks, some of the worst in economic history. His efforts haven't done anything to push up confidence or calm market fears recently and his "mortgages without a down payment" initiative in 2004 (http://www.usnews.com/usnews/politics/bulletin/bulletin_081013.htm) may have been a key contributor to the crisis we are in now.
I assume we will continue to hear very little of Pres. Bush in the coming weeks and through the November election.
If Bush really wants McCain to win the election he will try and stay out of the media and not associate with McCain until the election is over. There is nothing he could possibly say to calm the people about the economy so it would be best if he just stayed low key for a while. People are already blaming the Republicans for the economic crisis so he is making a good decision by staying out of the news. McCain is doing everything he can to not associate himself with Bush because every similarity that they have is an argument for Obama to use against McCain.
It should be interesting to see if Bush starts becoming more visible, especially after the Dow closed after skyrocketing up 936 points today, the largest amount in history, and the fifth largest proportional close in history (in one day). Although Mr. Wong may dispute that this was all Bush's doing, perhaps he should re-analze his statement that "(Bush's) efforts haven't done anything to push up confidence or calm market fears recently..." in light of the present situation, which would have been clear with the closure of the NYE at 4:00 eastern time this afternoon. Furthermore, I disagree with the statement that "If Bush really wants McCain to win the election he will try and stay out of the media..." because in the light of recent interviews, speeches, and proposed polocies made by McCain, he has seemed to become nearly socialist. Bush may need to step in and convince the far right that McCain is ok to vote for. Otherwise, if indeed Bush does carry the political plague(and wants McCain to win), aybe he should start campaigning for Obama.
I'm curious to know what impact, if any, the new movie "W" (coming out friday) will have on the election. It seems like the movie will have very little effect on the election because McCain has already distanced himself from Bush, but i wonder if this movie will impair Bush's last few months in office.
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