Bush Jr.: Deep Thinker on Economy – oh really, James B. Stewart?

5 01 2010

In his hardly believable description of the recent Wall Street super meltdown [New Yorker, Sept. 21, 2009] Columbia prof. James B. Stewart portrays idiot (p)resident Bush Jr. as engaged in the huddle to figure a solution. Omitted from the entire piece, Eight Days, are the thuggish crimes of the principals in the whole calamity.

Nevermind that Bernanke and Paulson are treated as financial wizards (not pariahs) but he says on Sept. 16th  Jr. had a head transplant and gave a grave assessment of the situation to the banksters. Here’s the snip:

When Bernanke and Paulson finished, Bush said, “Sometimes you have to make the tough decisions. If you think this [gov rescue] has to be done,  you have my blessing.” But, as he rose to leave, he said, “Someday you guys are going to need to tell me how we ended up with a system like this. I know this is not the time to test them and put them through failure, but we’re not doing something right if we’re stuck with these miserable choices.”

=Ahem=

Anyone who thinks that’s a verbatim account from the baffoon who said, “I have a different vision of leadership. A leadership is someone who brings people together.” I have some Lehman Brothers stock for you.

What would be a better read would be an article on Wall Street’s giant ponzi scheme, the relationship between incompetance, pedigree and career accent in banking, or the relationship between Wall Street and drug money laundering. Or the real unemployment numbers.


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