Bush Sucks

This is the most irresponsible thing Bush could have said: ""Without immediate action by Congress, America could slip into a financial panic."

Economy is 9/10 perception. If America THINKS that Congress must act, then if Congress doesn't act, perceptions change and panic sets in, and THEN the economy tanks.

Bernanke said pretty much the same thing this week, without those words. I can't find the exact quote, but it was basically that SINCE the Administration said that Congress must act, THEN Congress must act OR ELSE the markets will panic. Self-fulfilling prophecy.

There are so many options for dealing with a "credit crunch" besides throwing $700 billion dollars to failing, irresponsible companies hoping to God that they use the money wisely.