Credit Writedowns » George Bush http://www.creditwritedowns.com Finance, Economics and Markets Thu, 09 Feb 2012 12:36:14 +0000 en hourly 1 No Crisis Here http://www.creditwritedowns.com/2011/07/no-crisis-here.html http://www.creditwritedowns.com/2011/07/no-crisis-here.html#comments Tue, 19 Jul 2011 14:26:45 +0000 William Black http://www.creditwritedowns.com/?p=30031 I decided to look at what President Bush’s Council of Economic Advisors (CEA) were saying in their annual reports for 2005-2007 about the massive real estate bubble, epidemic of accounting control fraud and mortgage fraud, the resultant rapidly developing financial crisis, and the great increase in economic inequality. Here’s what I found on these topics

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Related Posts ]]> http://www.creditwritedowns.com/2011/07/no-crisis-here.html/feed/ 0 The President’s Speech http://www.creditwritedowns.com/2011/04/the-presidents-speech.html http://www.creditwritedowns.com/2011/04/the-presidents-speech.html#comments Wed, 13 Apr 2011 12:00:10 +0000 Edward Harrison http://www.creditwritedowns.com/?p=27522 No, I am not talking about tonight's speech from President Obama. This is about another President's speech, very loosely based on the Oscar Winner, "The King's Speech". Can you guess who the President is? Have a look at the video. Pretty funny (hat tip Scott)

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Related Posts ]]> http://www.creditwritedowns.com/2011/04/the-presidents-speech.html/feed/ 0 Former US Treasury Secretary Paul O’Neill Calls George W. Bush a Liar on Bloomberg http://www.creditwritedowns.com/2010/12/oneill-says-bush-lies.html http://www.creditwritedowns.com/2010/12/oneill-says-bush-lies.html#comments Mon, 13 Dec 2010 22:06:27 +0000 Edward Harrison http://www.creditwritedowns.com/2010/12/oneill-says-bush-lies.html Paul O'Neill disputes claims by George W. Bush in his book that O'Neill never advised Bush against cutting taxes as he did twice early in his term after the Internet and Technology bubble crashed. O'Neill also says that the "day of reckoning" is coming for the US on budgetary issues. In essence, O’Neill said that he told George W. Bush not to cut taxes in 2001. Bush went ahead and cut taxes anyway – twice. And he added an unfunded Medicare prescription giveaway while overseeing two wars in Afghanistan and Iraq. Now Bush is acting like O’Neill never said anything about the tax cuts. In Bush’s book "Decision Points", he claims never to have spoken to O’Neill about the matter. Videos attached

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Related Posts ]]> http://www.creditwritedowns.com/2010/12/oneill-says-bush-lies.html/feed/ 1 Obama’s Bushism http://www.creditwritedowns.com/2010/12/obamas-bushism.html http://www.creditwritedowns.com/2010/12/obamas-bushism.html#comments Thu, 09 Dec 2010 00:54:19 +0000 Michael Hudson http://www.creditwritedowns.com/2010/12/obamas-bushism.html

I almost feel naïve for being so angry at President Obama’s betrayal of his campaign promises regarding taxes. I had never harbored much hope that he actually intended to enact the reforms that his supporters expected – not after he appointed the most right-wing of the Clintonomics gang, Larry Summers, then Tim Geithner, Ben Bernanke and other Bush neoliberals.

But there is something so unfair and wrong that I could not prevent myself from waking up early Tuesday morning to think through the consequences of President Obama’s sellout in the years to come. Contrary to his pretense of saving the economy, his action will intensify debt deflation and financial depression, paving the way for a long-term tax shift off wealth onto labor.

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Related Posts No related posts. ]]> http://www.creditwritedowns.com/2010/12/obamas-bushism.html/feed/ 0 Whose Side is the White House On? http://www.creditwritedowns.com/2010/12/whose-side-is-the-white-house-on.html http://www.creditwritedowns.com/2010/12/whose-side-is-the-white-house-on.html#comments Mon, 06 Dec 2010 21:44:40 +0000 Guest Author http://www.creditwritedowns.com/?p=23181 In a speech given on November 20, 2010 at the ADA Education Fund’s Post-election Conference at Harvard's Kennedy School of Government, Professor James K. Galbraith asks for whom President Obama is really working

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Related Posts ]]> http://www.creditwritedowns.com/2010/12/whose-side-is-the-white-house-on.html/feed/ 1 Presidential Reunion http://www.creditwritedowns.com/2010/03/presidential-reunion.html http://www.creditwritedowns.com/2010/03/presidential-reunion.html#comments Thu, 04 Mar 2010 13:25:22 +0000 Edward Harrison http://www.creditwritedowns.com/2010/03/presidential-reunion.html Pretty funny video by SNL characters bringing back a host of former Presidents to advise Obama to protect consumers from the banks. See the behind the scenes video and the Dana Carvey Dream Sequence too. Related Posts Presidential debates crucial in test of economic leadership 18 Sep 2008 More About: Barack Obama, funny, George Bush,

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Related Posts ]]> http://www.creditwritedowns.com/2010/03/presidential-reunion.html/feed/ 0 Stimulus, recovery, patriotism and America’s shining city, Joe Biden style http://www.creditwritedowns.com/2010/02/stimulus-recovery-patriotism-and-americas-shining-city-joe-biden-style.html http://www.creditwritedowns.com/2010/02/stimulus-recovery-patriotism-and-americas-shining-city-joe-biden-style.html#comments Thu, 04 Feb 2010 14:00:00 +0000 Edward Harrison http://www.creditwritedowns.com/2010/02/stimulus-recovery-patriotism-and-americas-shining-city-joe-biden-style.html “We shall be as a city upon a hill. The eyes of all people are upon us.” –John Winthrop Joe Biden is buying none of this America-as-an-empire-in-terminal-decline meme.  The Washington Post’s E.J. Dionne caught up with the Vice President on Tuesday to discuss the Obama Administration’s economic recovery plan.  Where he got most heated was

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Related Posts ]]> http://www.creditwritedowns.com/2010/02/stimulus-recovery-patriotism-and-americas-shining-city-joe-biden-style.html/feed/ 4 Obama: Now watch this drive http://www.creditwritedowns.com/2009/12/obama-now-watch-this-drive.html http://www.creditwritedowns.com/2009/12/obama-now-watch-this-drive.html#comments Tue, 29 Dec 2009 16:52:28 +0000 Edward Harrison http://www.creditwritedowns.com/2009/12/obama-now-watch-this-drive.html Back in September I posted “Now watch this drive” to explain voters’ increasing alarm at Obama’s detachment from the economic problems of ordinary Americans.  Commenting on a video featuring a famous George W. Bush gaffe, I said: As I see it, the man in video number one shows extreme callousness when switching abruptly from a

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Related Posts ]]> http://www.creditwritedowns.com/2009/12/obama-now-watch-this-drive.html/feed/ 0 Now watch this drive http://www.creditwritedowns.com/2009/09/now-watch-this-drive.html http://www.creditwritedowns.com/2009/09/now-watch-this-drive.html#comments Wed, 09 Sep 2009 17:03:23 +0000 Edward Harrison http://www.creditwritedowns.com/2009/09/now-watch-this-drive.html I have been arguing for some time that Barack Obama made a crucial tactical error in bailing out the big banks early in his presidency. His actions have left him vulnerable to populist resentment.  In my view, this weakens his credibility and ability to push through other pieces of his legislative agenda and will harm

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Related Posts No related posts. ]]> http://www.creditwritedowns.com/2009/09/now-watch-this-drive.html/feed/ 16 George Bush recounts his worst mistakes http://www.creditwritedowns.com/2009/01/george-bush-recounts-his-worst-mistakes.html http://www.creditwritedowns.com/2009/01/george-bush-recounts-his-worst-mistakes.html#comments Mon, 12 Jan 2009 22:15:10 +0000 Edward Harrison http://www.creditwritedowns.com/?p=4406 I think this video is an example of the most self-reflective you will see the current U.S. President George W. Bush become. In it, he talks about his mistakes, grappling in front of the camera with how historians may look back on his stint in the White House

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Related Posts ]]> http://www.creditwritedowns.com/2009/01/george-bush-recounts-his-worst-mistakes.html/feed/ 1 Letterman’s Top 10 George Bush moments http://www.creditwritedowns.com/2008/12/lettermans-top-10-george-bush-moments.html http://www.creditwritedowns.com/2008/12/lettermans-top-10-george-bush-moments.html#comments Thu, 18 Dec 2008 16:45:17 +0000 Edward Harrison http://www.creditwritedowns.com/?p=2815 This video of George Bush's top 10 moments according to David Letterman is hilarious. Bush is nearly out of office. We'll miss moments like these

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Related Posts ]]> http://www.creditwritedowns.com/2008/12/lettermans-top-10-george-bush-moments.html/feed/ 8 Bush Administration turns the TARP over to Obama http://www.creditwritedowns.com/2008/11/bush-administration-turns-tarp-over-to.html http://www.creditwritedowns.com/2008/11/bush-administration-turns-tarp-over-to.html#comments Mon, 17 Nov 2008 21:21:00 +0000 Edward Harrison http://www.creditwritedowns.com/2008/11/bush-administration-turns-the-tarp-over-to-obama.html In a surprising move, the Bush Administration has decided not to seek the $350 billion still to be used under the TARP (Troubled Asset Relief Program). Instead, they will allow Barack Obama’s Administration to distribute the monies as they see fit. This is a good gesture on the part of the Bush Administration and should

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Related Posts ]]> http://www.creditwritedowns.com/2008/11/bush-administration-turns-tarp-over-to.html/feed/ 0 Statistic of the day: George W. Bush’s ratings http://www.creditwritedowns.com/2008/10/statistic-of-day-george-w-bushs-ratings.html http://www.creditwritedowns.com/2008/10/statistic-of-day-george-w-bushs-ratings.html#comments Tue, 14 Oct 2008 06:00:00 +0000 Edward Harrison http://www.creditwritedowns.com/2008/10/statistic-of-the-day-george-w-bushs-ratings.html As the economy has faltered, George W. Bush’s approval numbers have plummeted. All of this has occurred despite Americans’ belief that the strategy in Iraq is bearing fruit. And last year, Iraq was a central issue for most voting Americans. Below are George W. Bush’s ratings as recounted by Political Wire: A new Washington Post/ABC

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Related Posts ]]> http://www.creditwritedowns.com/2008/10/statistic-of-day-george-w-bushs-ratings.html/feed/ 0 Bush job approval is now only 19% http://www.creditwritedowns.com/2008/09/bush-job-approval-is-now-only-19.html http://www.creditwritedowns.com/2008/09/bush-job-approval-is-now-only-19.html#comments Mon, 22 Sep 2008 18:44:00 +0000 Edward Harrison http://www.creditwritedowns.com/2008/09/bush-job-approval-is-now-only-19.html Hank Paulson seems to be everywhere these days. However, it does seem that U.S. President George W. Bush has vanished since the credit crisis began. The result? The lowest approval rating of the Bush Presidency, with a full 78% disapproving of his handling of the economy. George W. Bush’s Overall Job Approval Matches ARG LowAs

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Related Posts ]]> http://www.creditwritedowns.com/2008/09/bush-job-approval-is-now-only-19.html/feed/ 0 Bush: ever the opportunist, lifts oil drilling ban http://www.creditwritedowns.com/2008/07/bush-ever-opportunist-lifts-oil.html http://www.creditwritedowns.com/2008/07/bush-ever-opportunist-lifts-oil.html#comments Mon, 14 Jul 2008 18:10:00 +0000 Edward Harrison http://www.creditwritedowns.com/2008/07/bush-ever-the-opportunist-lifts-oil-drilling-ban.html George W. Bush certainly has chutzpah. Ever the opportunist, he has taken advantage of high oil prices to lift the ban on offshore oil drilling. Americans continue to allow this President free reign and Congress as allowed him creeping presidential power, abdicating its role as a check on the executive branch. First, there was FISA

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Related Posts ]]> http://www.creditwritedowns.com/2008/07/bush-ever-opportunist-lifts-oil.html/feed/ 0 Crony capitalism: Bush policies on oil and in Iraq http://www.creditwritedowns.com/2008/06/crony-capitalism-bush-policies-on-oil.html http://www.creditwritedowns.com/2008/06/crony-capitalism-bush-policies-on-oil.html#comments Thu, 19 Jun 2008 13:32:00 +0000 Edward Harrison http://www.creditwritedowns.com/2008/06/crony-capitalism-bush-policies-on-oil-and-in-iraq.html I am starting to become quite cynical about the Bush Administration and crony capitalism. There may be no smoking gun, no e-mail chain to indict conspirators. The Bushies may break no laws. But, it is increasingly obvious that the War in Iraq and Bush policy on oil is very much about crony capitalism. Yesterday and

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Related Posts ]]> http://www.creditwritedowns.com/2008/06/crony-capitalism-bush-policies-on-oil.html/feed/ 0 Obama sees Bush behind weak dollar http://www.creditwritedowns.com/2008/04/obama-sees-bush-behind-weak-dollar.html http://www.creditwritedowns.com/2008/04/obama-sees-bush-behind-weak-dollar.html#comments Wed, 16 Apr 2008 15:26:00 +0000 Edward Harrison http://www.creditwritedowns.com/2008/04/obama-sees-bush-behind-weak-dollar.html Barack Obama, speaking at a gathering in Gary, Indiana, made some very accurate comments about the dollar’s weakness and its causes (see Reuters story). “We are spending all our money, spending overseas and spending dollars and nobody is buying things from us,” Obama told a town hall event in Gary, Indiana, in response to a

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