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Absentee Landlord

All second-term presidents are lame ducks. But it's been a long time since we've heard President Bush give out much of a quack.

Silence marked his role in the financial market meltdown -- until, that is, lawmakers and their constituents finally heard too little from him, and too late.

In March, when the investment bank Bear Stearns was on the brink of collapse, damage control negotiations were conducted by officials at the New York Federal Reserve, with Federal Chairman Ben Bernanke and Treasury Secretary Henry Paulson weighing in by phone.

Throughout September, as federal takeovers of Fannie Mae and Freddie Mac were followed by government rescue of the insurance giant AIG, the same troika of Bernanke, Paulson and New York Fed president Timothy Geithner called the shots.

You could read all about it -- and barely stumble across the name George W. Bush.

The parallel to the president’s reaction to Hurricane Katrina, captured in the famous photograph of him peering at the submerged Gulf Coast from Air Force One, is unmistakable. So is the resemblance to the video of Bush reading to schoolchildren on Sept. 11, 2001, after he was informed the nation had been attacked.

Bush’s inability to persuade House Republicans to back bailout legislation he sold as crucial to staving off an economic crisis shouldn’t surprise. It’s not just that the president is unpopular or on his way out. In the annals of the Bush administration, the president’s disengaged absence has often been what amounts to his presence.

By Marie Cocco  | September 30, 2008; 1:13 PM ET
Categories:  Cocco  | Tags:  Marie Cocco  
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Comments

If George W. Bush said : "campfire" -few would reach for marshmallows

Posted by: fullerg | September 30, 2008 2:59 PM | Report abuse

If George W. Bush said : "Bottoms up" - few would down their beer

Posted by: pdgnz | September 30, 2008 8:36 PM | Report abuse

I won't feel safe until he's moved to Paraguay.

Posted by: jhbyer | September 30, 2008 10:28 PM | Report abuse

It's also a parallel to the Iraq war build up. But this time BOTH Obama and McCain are giving us dire warnings if the bailout isn't passed. A month ago, this wasn't even on their radar.

Now, they are BOTH giving us politics as usual...no change. The bill "No Banker left Behind, No taxpayer left a Dime" is more pork.

If you give the bill a read, then you'll be outraged that anyone could support this.
read it:
http://money.cnn.com/2008/10/01/news/pdf/index.htm

The first 100 or so pages sounds like a bailout...but then the politics as usual starts. The bill includes:

p.279 Rum excise tax to Puerto Rico and the Virgin Islands

p. 280 Mine rescue/mine safety

p. 290 motorsports racing track facility

p.295 wool modifications

p. 297 child tax credit

p. 300 children and wooden arrows

p. 127 Tax credits for Steel industry fuel(boy, I’d like some tax credits for my fuel)

p. 175 Carbon sequestration credits

p. 202 Alternative fuel vehicle refueling property credit

AND stuff about Exxon Valdez compensation, mental health benefits (p 324)

This is politics as usual and everyone should be outraged at BOTH DEMOCRATS AND REPUBLICANS who are taking our money for this stupid stuff. PORK plain and simple.
Vote for Bob Barr...the only candidate who has spoken against this bill.

Posted by: AndyMN | October 2, 2008 10:52 AM | Report abuse

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