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KevO
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Joined: May 24, 2005
Posts: 2338
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 Posted: Wed Jan 09, 2008 4:56 am Post subject: Bush gives warning on US economy!! |
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THE MAN HIM VERY SELF.
Now we know the crap has Hit!
| Quote: | President George W Bush says the US economy has a "strong foundation" but has warned Americans that continued growth cannot be taken for granted.
Challenges confronting the economy included a downturn in the housing market, high energy prices and turmoil in financial markets, he said.
Mr Bush also said taxes should be kept low in a time of economic uncertainty.
His comments come after a report last week showed that US unemployment had hit a two-year high in December.
Mixed picture
"We have a strong foundation in our economy, but we can't take economic growth for granted," Mr Bush said while speaking in Chicago.
"Recent economic indications have become increasingly mixed," he told the Union League Club of Chicago, a private club in the city's financial district.
Treasury Secretary Hank Paulson also predicted slower growth in a speech on Monday and said that there was no simple solution to the US housing market crisis. |
LINK
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Sys1
Intermediate Crude
Joined: Feb 25, 2005
Posts: 607
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| Posted: Wed Jan 09, 2008 6:02 am Post subject: Re: Bush gives warning on US economy!! |
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He's tired, he knows he's about to leave office, so he finally have the luxury to say his thoughts about Peak Oil :
"Good bye, and good luck!"
I hear despair in those words. The next president will have to be very tough in order to govern the main empire of a collapsing civilization... |
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bl00k
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Joined: Sep 17, 2005
Posts: 148
Location: The Netherlands
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| Posted: Wed Jan 09, 2008 7:57 am Post subject: Re: Bush gives warning on US economy!! |
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With Bush telling the truth lately (''oil is going up because we consume too much", "...not for granted") i start to understand him a little more. It shows that he knew all along what's on the horizon and thought the US would benefit from a military stronghold in the Middle East.
I'm very very very curious how the next pres. is gonna deal with this. |
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4280
Location: Southwest WI
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| Posted: Wed Jan 09, 2008 9:08 am Post subject: Re: Bush gives warning on US economy!! |
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I think Bush has been downright honest at times. Hopefully he drops more little hints before he leaves office.
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"Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07 |
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EndOfGrowth
Heavy Crude
Joined: Dec 04, 2006
Posts: 216
Location: End of the plateau
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| Posted: Wed Jan 09, 2008 9:26 am Post subject: Re: Bush gives warning on US economy!! |
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| Quote: |
Mr Bush also said taxes should be kept low in a time of economic uncertainty.
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At least he recognises that the US taxpayer is almost tapped out. Unlike Gordon Brown who is increasing taxes 
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Pixie
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Joined: Sep 05, 2006
Posts: 344
Location: Oregon
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| Posted: Wed Jan 09, 2008 1:05 pm Post subject: Re: Bush gives warning on US economy!! |
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| bl00k wrote: |
I'm very very very curious how the next pres. is gonna deal with this. |
She'll be a lot like Bush, just better at it.
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Just another tofu-munching bike-riding Rambo(/Rambette) |
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TorrKing
Intermediate Crude
Joined: Nov 24, 2005
Posts: 743
Location: The ever shrinking wilds of Norway
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| Posted: Wed Jan 09, 2008 1:57 pm Post subject: Re: Bush gives warning on US economy!! |
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| bl00k wrote: |
I'm very very very curious how the next pres. is gonna deal with this. |
What new president?
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cube
Fusion
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Joined: Mar 12, 2005
Posts: 3375
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| Posted: Wed Jan 09, 2008 7:35 pm Post subject: Re: Bush gives warning on US economy!! |
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| "Mission Accomplished" |
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namenick
Heavy Crude
Joined: Jan 04, 2008
Posts: 270
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| Posted: Fri Jan 11, 2008 12:51 am Post subject: Re: Bush gives warning on US economy!! |
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| bl00k wrote: | With Bush telling the truth lately (''oil is going up because we consume too much", "...not for granted") i start to understand him a little more. It shows that he knew all along what's on the horizon and thought the US would benefit from a military stronghold in the Middle East.
I'm very very very curious how the next pres. is gonna deal with this. |
Yeah, some of us even knew that when Iraq was invaded. But don't be curious about what the next president will do. He/she will do the same as Bush and continue the job in Iraq. There's no other choice for the US now. And the reason the new pres will give for staying in Iraq: Can't leave the mess we (the US) (Bush) made without fixing it. blah, blah, blah. |
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strider3700
Fission
Joined: Apr 17, 2005
Posts: 2680
Location: Vancouver Island
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| Posted: Fri Jan 11, 2008 1:04 am Post subject: Re: Bush gives warning on US economy!! |
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exactly. At this point being the winner in a game of last man standing is still the best option for the US elite. If they at some time change their mind and decide that something like a powerdown situation is the way to go then we may se something new out of washington. Until then it will be war after war for oil.
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shame on us, doomed from the start
god have mercy on our dirty little hearts |
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namenick
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Joined: Jan 04, 2008
Posts: 270
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| Posted: Fri Jan 11, 2008 2:04 pm Post subject: Re: Bush gives warning on US economy!! |
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| strider3700 wrote: | | exactly. At this point being the winner in a game of last man standing is still the best option for the US elite. If they at some time change their mind and decide that something like a powerdown situation is the way to go then we may se something new out of washington. Until then it will be war after war for oil. |
It's the reason why all wars are fought if you look at the root causes. It's just amazing that more Americans don't get it yet, or maybe it's not so amazing when one considers that people who are basically good at heart couldn't come to the conclusion that their war is an evil war being fought for oil. Some do but they appear to be the minority who are more educated and politically astute. The rest of the world knew long ago. And in fairness I should say that I am totally convinced that the first Gulf war was for exactly the same reasons. I mention that because I'm Canadian and I accept the guilt which goes along with that phoney war for phoney reasons. Saddam was conned and those who have studied the issue know that for sure now.
I think your powerdown comment is right on the money because there is really no alternative energy source which could come to the rescue quickly enough to maintain the lifestyle. And of course nobody wants to think about a totally different lifestyle where energy consumption is reduced or even levelled off.
Hey, where on VI? I'm in Nan. |
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Twilight
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Joined: Mar 02, 2007
Posts: 2971
Location: UK
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| Posted: Fri Jan 11, 2008 3:43 pm Post subject: Re: Bush gives warning on US economy!! |
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| namenick wrote: | | And in fairness I should say that I am totally convinced that the first Gulf war was for exactly the same reasons. |
You don't need to be convinced, it was explicitly made clear before it happened. Saddam Hussein was pissed at Kuwait pumping oil from across the border. The US might have been inclined to give him a pass for a punishment strike, being their long-time ally against Iran and all, but he went and invaded the whole country. He finally overstepped his mark when he refused to leave. The whole world minus Warsaw Pact showed up to try out their weapons. It was explicitly about Kuwaiti oil. No-one had to pretend it was a "just war" because the moral ground seemed secure enough.
Only the second time around have we had to lie about it.
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"The American people are watching the numbers climb higher and higher at the pump and they're waiting to see what the Congress will do." - George W Bush |
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namenick
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Joined: Jan 04, 2008
Posts: 270
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| Posted: Fri Jan 11, 2008 4:34 pm Post subject: Re: Bush gives warning on US economy!! |
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| Twilight wrote: | | namenick wrote: | | And in fairness I should say that I am totally convinced that the first Gulf war was for exactly the same reasons. |
You don't need to be convinced, it was explicitly made clear before it happened. Saddam Hussein was pissed at Kuwait pumping oil from across the border. The US might have been inclined to give him a pass for a punishment strike, being their long-time ally against Iran and all, but he went and invaded the whole country. He finally overstepped his mark when he refused to leave. The whole world minus Warsaw Pact showed up to try out their weapons. It was explicitly about Kuwaiti oil. No-one had to pretend it was a "just war" because the moral ground seemed secure enough.
Only the second time around have we had to lie about it. |
In essence you're right that it was admitted that oil was the reason for the Gulf war in as much as it was said to be the US protecting it's interests, thereby protecting Kuwait. However that's putting a spin on it at a later date which was not put on the reason for war at the time. You will recall that it was claimed to be a war to protect Kuwait from Saddam and it was also a war to protect Saudi from Saddam. Of course now we know very well that the US made up lies of Saddams forces being amassed on the Saudi border in the hundreds of thousands with armoured regiments of thousands of tanks.
Oh and btw, the 'refusing to leave' is a disingenuous spin too IMO. Are you deliberately obfuscating the issue or do you really believe what you are saying? Saddam would have left Kuwait of his own volition but it needed to be arranged that it would appear that he was being chased out in order to continue to destroy as much of Iraq's military strength and infrastructure as possible. You will recall the mass murder of thousands of Iraqis on the highway of death as they waved white surrender flags. Many say that is the time when the US created the biggest mass grave known to mankind as they plowed dead and dyiing and surrendering Iraqis under the sand with their military equipment.
You may want to do some more homework on why Saddam invaded Kuwait too because the slant drilling was only a small part of the issue, albeit a part of it because it was one of many provocations offered by Kuwait and supported by the US to get Saddam to go to war. The economic badgering with oil prices played a bigger part of course.
So I see your version as just putting a comfortable spin on the whole thing for reasons I can't fathom when you seem to freely admit that the current war is only for oil. Could it be that you are a Democrat who condemns Republican wars as do Repubs condemn most Dem wars. Remember Kosovo? I've found that will often explain the confusion with US wars. |
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namenick
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Joined: Jan 04, 2008
Posts: 270
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| Posted: Fri Jan 11, 2008 4:35 pm Post subject: Re: Bush gives warning on US economy!! |
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| Twilight wrote: | | namenick wrote: | | And in fairness I should say that I am totally convinced that the first Gulf war was for exactly the same reasons. |
You don't need to be convinced, it was explicitly made clear before it happened. Saddam Hussein was pissed at Kuwait pumping oil from across the border. The US might have been inclined to give him a pass for a punishment strike, being their long-time ally against Iran and all, but he went and invaded the whole country. He finally overstepped his mark when he refused to leave. The whole world minus Warsaw Pact showed up to try out their weapons. It was explicitly about Kuwaiti oil. No-one had to pretend it was a "just war" because the moral ground seemed secure enough.
Only the second time around have we had to lie about it. |
In essence you're right that it was admitted that oil was the reason for the Gulf war in as much as it was said to be the US protecting it's interests, thereby protecting Kuwait. However that's putting a spin on it at a later date which was not put on the reason for war at the time. You will recall that it was claimed to be a war to protect Kuwait from Saddam and it was also a war to protect Saudi from Saddam. Of course now we know very well that the US made up lies of Saddams forces being amassed on the Saudi border in the hundreds of thousands with armoured regiments of thousands of tanks.
Oh and btw, the 'refusing to leave' is a disingenuous spin too IMO. Are you deliberately obfuscating the issue or do you really believe what you are saying? Saddam would have left Kuwait of his own volition but it needed to be arranged that it would appear that he was being chased out in order to continue to destroy as much of Iraq's military strength and infrastructure as possible. You will recall the mass murder of thousands of Iraqis on the highway of death as they waved white surrender flags. Many say that is the time when the US created the biggest mass grave known to mankind as they plowed dead and dyiing and surrendering Iraqis under the sand with their military equipment.
You may want to do some more homework on why Saddam invaded Kuwait too because the slant drilling was only a small part of the issue, albeit a part of it because it was one of many provocations offered by Kuwait and supported by the US to get Saddam to go to war. The economic badgering with oil prices played a bigger part of course.
So I see your version as just putting a comfortable spin on the whole thing for reasons I can't fathom when you seem to freely admit that the current war is only for oil. Could it be that you are a Democrat who condemns Republican wars as do Repubs condemn most Dem wars. Remember Kosovo? I've found that will often explain the confusion with US wars.
So as I said, I'm now convinced but in a different way than you are convinced. I'm here to convince others of the real facts. Your input is more than welcome. |
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Twilight
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Joined: Mar 02, 2007
Posts: 2971
Location: UK
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| Posted: Fri Jan 11, 2008 5:40 pm Post subject: Re: Bush gives warning on US economy!! |
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I am British, neither Republican nor Democrat. 
Whatever additional provocation they had, the Iraqi Army had all the time in the world to leave Kuwait. The coalition build-up took months. That's not spin. Their complete destruction was of benefit to the West, but it was not inevitable. No-one kept them pinned in place while the West and other Arab armies slowly massed at their borders.
I don't see how what I'm saying is "comfortable" either. It amounts to the same thing in the end. It was about oil back then too, but back then the motive could be more plainly stated because the West felt it was on safer ground. This time there was no good angle on which to sell it.
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"The American people are watching the numbers climb higher and higher at the pump and they're waiting to see what the Congress will do." - George W Bush |
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