Mr. President, You Just Can’t Spin These Numbers

President Bush addressed the media Friday morning and had these comments regarding everything that is happening in the economy and the stock market.

Here are a few excerpts (note: not exact wording):

I understand that people are worried about losing their homes. That is why we set up programs to help “credit worthy” people.

Mr. President, although we Americans greatly appreciate the efforts behind your programs to fix what was allowed to occur under your watch, most of these worried homeowners have no credit and not credit worthy. Thus, this really isn’t a solution. However, it does make for a good sound bite.

Home prices are beginning to fall.

Mr. President, that actually started in July of 2005 when the real estate market topped. We will call that a little slip on the dates.

…..Job growth slowed a bit in December.

Mr. President, it appears that 18,000 jobs created was more than “slowing a bit.” If you removed all of the jobs that the Government created out of thin air, we would be in an employment contraction.

We have had 52 months of job growth.

Mr. President, congratulations on that record. However, that doesn’t pay the bills for those who are in trouble today.

And my favorite…
We are going to see what Washington can do to fix this problem.

Mr. President, the idea of you cutting taxes to fix the problem was as crazy as the band-aid that you put on this country in 2001 with your tax cut programs. We couldn’t afford it then and we cannot afford it today.

Someone please tell me that he really does understand and this is nothing more than the SPIN machine. Politicians must think that Americans are dumb. I know my intelligence has been insulted.

Copyright © 2008 Prudent Money and Bob Brooks. All rights reserved.