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Duende
Heavy Crude
Joined: Nov 27, 2004
Posts: 234
Location: The District
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 Posted: Tue Jul 15, 2008 7:33 am Post subject: Bush to speak on energy, economy - 7-15-08 |
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Bush is holding a news conference at 10:20 EST today, 7-15-08, on the state of the energy situation and the economy. Then he's going to be taking questions.
I CAN'T WAIT to hear what he says.
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What fortune has made yours is not your own. -Seneca |
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Valkyrie
Coal
Joined: Feb 23, 2007
Posts: 11
Location: Republic of Texas
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| Posted: Tue Jul 15, 2008 7:45 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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| It will just be more of the usual "the Democrats won't let us drill" BS. |
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4836
Location: Southwest WI
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| Posted: Tue Jul 15, 2008 7:46 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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I wonder if he's finally going to tell us about Peak Oil and the consequences we face if we don't all start driving scooters, riding bicycles and turning our lawns in to corn fields?
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jlw61
Intermediate Crude
Joined: Sep 03, 2007
Posts: 637
Location: Sunny Virginia, USA
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| Posted: Tue Jul 15, 2008 7:47 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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If he was too honest to lie (like Jimmy Carter) then I'd be very interested. As it is, I'm likely to believe something closer to the opposite of what he says.
My prediction: We need to drill more. Quit spending so much. Congress is stupid. Vote republican. Less skin on HBO.
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When somebody makes a statement you don't understand, don't tell him he's crazy. Ask him what he means. -- Otto Harkaman, Space Viking |
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Micki
Light Sweet Crude
Joined: Dec 07, 2005
Posts: 1978
Location: Australia
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| Posted: Tue Jul 15, 2008 7:48 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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Gold up $10 DJ currently 100points down. Market is anticipating something good 
What are the bets?
Open up emergency reserves?
Introduce us to Amero?
Confiscate all food as it is needed for fuel?
Make Mandarin mandatory second language?
Personally I am expecting some fine ol' Texas Long Horn Bullsh...
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It's not a bailout, it's a buy-in" - Nancy Pelosi |
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pup55
Expert
Joined: May 26, 2004
Posts: 3801
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| Posted: Tue Jul 15, 2008 7:49 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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Here it is, an hour before the press conference ( I am clairvoyant).
a. The economy is not in recession, but growth is too slow.
b. You do not have anything to fear from these bank collapses. Freddie Mac and Fannie Mae will be propped up. The FDIC insured accounts in Indy mac will be honored. We will just add a little more to the deficit.
c. We support a strong dollar. The current trading situation vs. the Euro is just temporary.
d. We're sorry energy prices are too high. If you would just let us drill on the outer continental shelf, everything would be fine.
e. Most of these problems are the fault of the Democratic congress.
f. We will continue our fight against terrorism.
That's about 10 minutes' worth. |
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Homesteader
Light Sweet Crude
Joined: Apr 12, 2007
Posts: 1185
Location: Central NC
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| Posted: Tue Jul 15, 2008 7:53 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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| pup55 wrote: | Here it is, an hour before the press conference ( I am clairvoyant).
a. The economy is not in recession, but growth is too slow.
b. You do not have anything to fear from these bank collapses. Freddie Mac and Fannie Mae will be propped up. The FDIC insured accounts in Indy mac will be honored. We will just add a little more to the deficit.
c. We support a strong dollar. The current trading situation vs. the Euro is just temporary.
d. We're sorry energy prices are too high. If you would just let us drill on the outer continental shelf, everything would be fine.
e. Most of these problems are the fault of the Democratic congress.
f. We will continue our fight against terrorism.
That's about 10 minutes' worth. |
Plus "humans can live in harmony with fish".
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"The era of procrastination, of half-measures, of soothing and baffling expedients, of delays, is coming to a close. In its place we are entering a period of consequences…"
Sir Winston Churchill |
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Micki
Light Sweet Crude
Joined: Dec 07, 2005
Posts: 1978
Location: Australia
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| Posted: Tue Jul 15, 2008 8:12 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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Don't think so PUP.
Breaking news on Reuters;
| Quote: | | Bernanke: Many financial markets and institutions remain under considerable stress, Fed expects below-trend growth for remainder of 2008, gradual pick-up over next 2 years 10:02am EDT |
Well....they tried their gradual pickup ending as expected.
But "considerable stress" sound fairly serious for being Bernanke
EDITED:
Now the article is published: Reuters
EDITED AGAIN:
Anyone care to give a realtime update on what Bush is saying?
Don't think I can stay up much longer to check news. Got to work tomorrow.
FINAL EDIT:
Seems like people are either fixated by their media broadcasting receivers or in the basement counting cans of food and ammo.
It is time for me to sleep and perhaps to dream of bailouts past, present and to come. I bid you good night.
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It's not a bailout, it's a buy-in" - Nancy Pelosi
Last edited by Micki on Tue Jul 15, 2008 8:40 am; edited 1 time in total |
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Heineken
Expert
Joined: Sep 14, 2004
Posts: 6527
Location: Rural Virginia
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| Posted: Tue Jul 15, 2008 8:37 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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If the market is smart it will pay no attention to what he says and note only the fact that he felt compelled to say it.
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"Actually, humans died out long ago."
---Abused, abandoned hunting dog
"Things have entered a stage where the only change that is possible is for things to get worse."
---Me and my brother |
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IndigoMoon
Heavy Crude
Joined: May 25, 2008
Posts: 213
Location: NE Ohio
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| Posted: Tue Jul 15, 2008 8:47 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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By these numbers, we can assume that the market is smart and is not paying any attention to the rah-rah's.
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Live simply, love generously, care deeply, and speak kindly.
Life isn't about waiting for the storm to pass;
It's about learning how to dance in the rain. |
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4836
Location: Southwest WI
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| Posted: Tue Jul 15, 2008 8:55 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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Bush says he's a big believer in nuclear power.
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4836
Location: Southwest WI
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| Posted: Tue Jul 15, 2008 8:56 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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Bush says banking system is "BASICALLY" sound.
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BigTex
Moderator
Joined: Aug 03, 2006
Posts: 4329
Location: Graceland
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| Posted: Tue Jul 15, 2008 9:00 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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I'm listening, and alternating between wanting to laugh and wanting to cry.
He said something about battery powered cars.
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SD_Scott
Heavy Crude
Joined: Dec 09, 2004
Posts: 493
Location: Around somewhere
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| Posted: Tue Jul 15, 2008 9:00 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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| frankthetank wrote: | | Bush says he's a big believer in nuclear power. |
I don't think he's familiar with nuclear. nukuler though. |
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IndigoMoon
Heavy Crude
Joined: May 25, 2008
Posts: 213
Location: NE Ohio
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| Posted: Tue Jul 15, 2008 9:03 am Post subject: Re: Bush to speak on energy, economy - 7-15-08 |
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He actually did say that demand is up where supply is not. He hasn't used the word "peak" yet though.
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Live simply, love generously, care deeply, and speak kindly.
Life isn't about waiting for the storm to pass;
It's about learning how to dance in the rain. |
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