Stoking the Fire
In todays New York Times in a series titled “The Reckoning” is this headline
White House Philosophy Stoked Mortgage Bonfire
The last sentence (my bolds) says a lot
The president listened as Ben S. Bernanke, chairman of the Federal Reserve, laid out the latest terrifying news: The credit markets, gripped by panic, had frozen overnight, and banks were refusing to lend money.
Then his Treasury secretary, Henry M. Paulson Jr., told him that to stave off disaster, he would have to sign off on the biggest government bailout in history.
Mr. Bush, according to several people in the room, paused for a single, stunned moment to take it all in.
“How,” he wondered aloud, “did we get here?”
I have an extremely difficult time believing that we have had a president for eight years that is dumber than a box of rocks. He has hired tens of dozens of incompetent “yes-people” with Ms. Perino’s comments here at a RawStory piece proving she is competing for the title of Dumbest-of-the-Dumb.
“Today’s front-page New York Times story relies on hindsight with blinders on and one eye closed,” the statement said.
White House Press Secretary Dana Perino wrote the response to the article, accusing the paper of “gross negligence” and extremely biased reporting.
“The Times’ ‘reporting’ in this story amounted to finding selected quotes to support a story the reporters fully intended to write from the onset, while disregarding anything that didn’t fit their point of view,” Perino said in the e-mailed statement.
Perino lambasted the journalists who wrote the story for being unfamiliar with President Bush’s primetime address on the causes of the financial crisis, calling it “an important economic speech to the American people.”
Only 30 more days to put up with him.
Tags: Chief
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