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Bush Speaks on the Economy, But Who’s Listening?

He’s no Smith Barney. In another of what has been a long string of uncomfortable Rose Garden speeches, President George W. Bush this morning tried to

Jul 31, 2020
He’s no Smith Barney.
In another of what has been a long string of uncomfortable Rose Garden speeches, President George W. Bush this morningtried to reassure Americans that the economy is sound, that their investments are safe.
Here’s what the American people need to know: that the United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets. We are a prosperous nation with immense resources and a wide range of tools at our disposal. We’re using these tools aggressively … Fellow citizens: We can solve this crisis — and we will.
Trouble is, fellow citizens aren’t listening.
After eight years of Bush — years that saw the administration lie to go to war, ignore the balance of powers, spy on citizens without warrants, etc. — Americans simply don’t trust this White House.
It’s bad timing.
Just at a moment in history when the country needs a trustworthy leader, none is aroundto boost its confidence.
John Morton Blum, professor emeritus at Yale University who once had Bush in his classroom, said recentlythat his former pupil is a worse president than James Buchanan — the infamous 19th-century figure who fiddled while the South seceded.
Over the course of Bush’s eight-minute speech, the Dow Jones Industrial Average dropped 84 points. Ten minutes later, it was down another 170. For the day it’s down 290 (as of 12:25 pm).
The only question now is which Bush administration debacle will go down in greater infamy: the ruination of the economy or the disastrous Iraq War.
Rove legacy, indeed.
Dexter Cooke

Dexter Cooke

Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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