White House pushes back against idea that when Bush talks, market falls

[susanbanks44]

WASHINGTON (AP) _ President Bush on Friday offered reassuring words to stop the hemorrhaging on Wall Street, but once again the stock market fell.

Bush has spoken about the economic chaos on 21 of the last 26 days as the market has been rocked by turmoil. After seven days of massive losses, the Dow Jones industrial average closed down a relatively modest 128 points Friday at its lowest level since April 25, 2003.

The White House pushed back against suggestions that when Bush talks, the market tumbles.

"If he wasn't talking all the time, I can guarantee you the questions from the media would be to me, 'Why is the president not talking? The markets have gone down everyday; the president needs to get out there,'" said White House press secretary Dana Perino.


More:

http://www.newsday.com/news/politics/wire/sns-ap-meltdown-bush-markets,0,6289689.story

[shadowknows69]

1. It can be verified in real time

Everytime the idiot chief is on screen the market is in a nose dive. Try again.

[Marsala]

2. Dana has a point, the media would be complaining if Bush hadn't appeared at all, but...

...now that it's practically scientifically confirmed that the markets fall when Bush talks, everyone would prefer it if he would just shut up and go away.

[ChairmanAgnostic]

3. George Herbert Bush.

George Hoover Bush?

either or.

[tularetom]

4. There has to be some statistical evidence to back this up

It wouldn't be that hard to prove. I've got to believe somebody has been keeping track of the Dow during the boy kings pontifications.

[nobodyhome]

5. Should Bush be on a Reverse Mount Rushmore?

The White House announced that Mr. Bush would appear in the Rose Garden Friday morning to make a statement on the economy. A senior administration official said that his remarks would again seek to calm nerves.
===

What a joke. That pathetic, feeble moron uninspired the nation. Stocks took a huge drop right after his speech. It's a curse that the repugs put the most ineffectual President in history into office at such a critical time.

It's almost an apothegm now, that if we only had a President who could reassure the nation, this panic would subside - and Most of it is panic. Alas, this bum can reassure no one. What bad timing to have history's worst President. Even with repugs bashing him, Clinton could have poured oil on this troubled water.

The bank panic is even dumber than the public panic. Banks won't lend to each other out of fear, but that lack of lending spirals their assets even lower because it tanks the economy. It's slow hara-kiri and totally nuts.

Unfortunately, the clarion call of this President (sic) is "There is everything to fear, including fear itself."

Even before this disaster the great majority of historians had judged Bush among the worst Presidents in history, and the current events will put him over the top. I hear they're going to carve a reverse Mount Rushmore at the bottom of the sea, with Buchanan, Andrew Johnson, Hoover and Bush as the figures.

[Imagevision]

6. Gotta admit everyday Bush speaks it shows there is no leadership in the USA...

[Botany]

7. well

http://money.cnn.com/data/us_markets/

The Dow Jones, SP, and Nasdaq all where going up and all
fell after he spoke

[monmouth]

8. Funny though, the other day when Obama was speaking, the market went up...n/t

[texpatriot2004]

9. B*sh has no credibility! I wish they would stop parading him out

to speechify. He doesn't have the knowledge to understand this problem.