Apparantly Phil Gramm was right – at least according to Bush…
WASHINGTON – President Bush said Tuesday the nation’s troubled financial system is “basically sound” and urged lawmakers to quickly enact legislation to prop up mortgage giants Fannie Mae and Freddie Mac. He also called on the Democratic-run Congress to follow his example and lift a ban on offshore drilling to help increase domestic oil production.
“I readily concede it won’t produce a barrel of oil tomorrow, but it will reverse the psychology,” Bush told a White House news conference – his first since late April.
That’s the important thing, isn’t it? The psychology…the perception that this asshat has ruined our economy as well as out international reputation…
Why, if we all just bucked up and started feeling better about everything, everything would be just fine.
What a moron.