Saturday, July 19, 2008

GB II says, "Don't worry."

George Bush the II says (we're paraphrasing here) "Rich people are doing fine so why should you worry." This would be the briefest summary the Clarion could offer of the President's weekly radio address to the country today.

More highlights include...(again paraphrasing,) "If you and Congress will just agree to let the oil companies do what they will to America's beaches and coastal preserves, I can guarantee you we will have at least an extra two years' worth of oil on hand, and the price of gas won't go down at all."

He continued...(again paraphrasing,) "Meanwhile former Goldman Sachs investment banker and extraordinarily rich guy, Hank Paulson, I like to call him Hankie; Hankie and I have figured out a way to bail out the rich guys who have made so much money off of the government's implicit guarantee of Fannie Mae and Freddie Mac. Now this probably won't make wit of difference to the hard working, middle class Americans who pay the bulk of this country's taxes, but at least our fat cat, insider friends will be insured they won't lose their custom made shirts, yachts, or villas in the Caymans."

He concluded, "Thank you for listening." And the sound of retching echoed across this great land.

Read the full transcript here.

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