BUSH TURNS US ECONOMY OVER TO EU

Give it away, give it away, give it away now. Bush has gone and lost his mind. Why would we throw our good money after bad. Why are we abdicating our economic sovereignty to the  EUroids - moochers, looters and collectivists
Bush has lost it. He is leaving 350billion for Obama because he is a "gentleman " and wants people to like him ?  The economy needs the money yesterday and Bush, Paulson and Congress royally screwed this up.
The auto executives said nothing about labor costs at all and how the unions are destroying this country. Surely Obama will give in because he owes the unions, hell he owes everybody.
The country elected a socialist. We won't  recover in the next few years.The Democrats will raise taxes, fosho. 
Historically it is a monumental buying opportunity but historically we never had a global economy .. its a new ball game now. Look what he has gone and done. He has no right.

Bush Hands Over Reins of U.S. Economy to EU
Dick Morris & Eileen McGann  Article Font Size

The results of the G-20 economic summit amount to nothing less than the seamless integration of the United States into the European economy.

In one month of legislation and one diplomatic meeting, the United States has unilaterally abdicated all the gains for the concept of free markets won by the Reagan administration and surrendered, in total, to the Western European model of socialism, stagnation, and excessive government regulation.

Sovereignty is out the window. Without a vote, we are suddenly members of the European Union. Given the dismal record of those nations at creating jobs and sustaining growth, merging with the Europeans is like a partnership with death.

At the G-20 meeting, Bush agreed to subject the Securities and Exchange Commission (SEC) and our other regulatory agencies to the supervision of a global entity that would critique its regulatory standards and demand changes if it felt they were necessary. Bush agreed to create a College of Supervisors.

According to The Washington Post, it would "examine the books of major financial institutions that operate across national borders so regulators could begin to have a more complete picture of banks' operations."

Their scrutiny would extend to hedge funds and to various "exotic" financial instruments. The International Monetary Fund (IMF), a European-dominated operation, would conduct "regular vigorous reviews" of American financial institutions and practices.

The European-dominated College of Supervisors

Comments

[Zero]

Bush hasn't lost anything except compunction. This is who he is and it's who he's always been. Good old compassionate conservative G.W. Bush.

FountainheadZero
Come to the dark side.

[TINBH]

The democrat-controlled government's giving the "big 3" even one penny - confirms the fact that "global warming" is nothing but a massive scam.

In leftist terms: "autos not only pollute, but kill more people than guns do in the USA and globally (source U.N. global survey). So time to cut back." When democrat-leftists won't support their own b.s. - time to call it and them what they really are.

And call the bluff of the "big 3; pull the taxpayers' ATM plug on the "big 3" as they have pulled it from capitalism and the majority of Americans. If they made products that sell - there's no problem ... right? And it not - time to close up (or turn things over to people who can).

3 million to be out of work?

Prove it!

And if true - well then it's time to build the world's finest, largest, fastest, most-efficient mass transit system (as long as the government and all other socialists stay out of it). The one that could have been built decades ago - if not for the "big 3's" lobbying-strangle-hold on DC.

GW - a one-world-government socialist...
That explains the irrational greatest-in-history-non-stop-brain-washing "bashing" of the man as pure camouflage - in order to send the USA on its socialist path.

[Thomas Carney]

George W. Bush is NO conservative. He was in office six years before he first vetoed a bill. Along with Congress, Bush has been spending like a drunken sailor, and has let government grow, no, explode like a liberal's wet dream. The Department of Homeland Security is a do-nothing mess, worse than the Pentagon. At least the Pentagon can get some things done.

I regret I voted for him twice... yet, I had little choice. George W. Bush is a closet liberal, just like his moronic father.

[graysheepdog]

I was never a believer in the global warming hoax but now I hope its true and comes with a vengeance to put us all out of our misery.

[Zero]

"George W. Bush is NO conservative."
Agreed. The term "compassionate conservative" is applied to persons who claim conservatism but act lefty in the name of compassion. Bush is no conservative.

FountainheadZero
Come to the dark side.

[lgstarr]

A Republican friend (former CPA for Arthur Anderson and to J. Paul Getty) gives a different take on things:

Dick Morris warns in the article below we have lost our sovereignty to Europe. I doubt many people, even those in the G-20 conference really know what caused the financial crisis. At its core the fault was runaway capitalism. There is never anything wrong with that we just have to have a mechanism in place that doesn’t allow capitalism to cannibalize itself. When it does, we need to govern it.

Normal capitalist motivations and tools were used to cause this crisis.

First rule of capitalism is to fund a venture. Get the money and do your thing. It so happens that capitalists in the real estate market never complained when Congress passed laws to force banks to lend to the poor who could not pay it back. They just said hey let’s do it. So they went hunting for money and couldn’t find any. The normal pool of money to fund mortgages was limited. So what do good capitalists do they go searching for ways to get more people to invest in real estate. They hit upon “securitizing”. They figured that if they bundled a bunch of mortgages together and insured the package they could sell those packages at a rate of return that would beat the 1% banks were paying for money. They found suckers all over the world. Trillions upon trillions of dollars seeking a better return on their money found their way into to the US real estate market –some even into Western copycats..

They were immensely successful. Trillions flowed into the real estate market to fund more and more mortgages. What occurred was that good capitalists raised more money than they could lend out and started cannibalizing it – they lent to buyers who weren’t qualified just to keep the volume and their commissions up. Nothing sinister was happening – capitalists were just being capitalists. The eventual result was that home prices went up so high people couldn’t afford to live in their own house if they had to buy it at such a high price. When the normal down side of a real estate boom began and foreclosures multiplied it snowballed and the buyers of those packaged loans called on their “insurance”. In many cases that insurance was poorly underwritten – such is the folly of runaway speculation –see AIG.

Today we need to let capitalism and the free market call the losers and winners and let it cure the financial crisis. The government should let the market (the people) do its thing and keep the ignorant nose of the politicians out of the affair. Paulson and the Fed finally have discovered that particular rule of the free market – not a moment too soon. They are letting Obama fall into the pit – let him discover the rule of the jungle on his own. Unfortunately for us the jungle he faces is not remotely like the poor streets of Chicago he knows.

Bush has acknowledged that capitalism needs a governor on its new excesses – he merely tried to assist our own institutions from making that same mistake again by starting a commission with no power but a responsibility to discover these excesses and warn the entire planet that American capitalists have gotten out of control and are trying to milk a dry cow. Nothing wrong with that…….except that Republicans are warning about the end of the road before we even get our directions for the trip. The lessons they are learning from liberals are not helping. Dick Morris is capitalizing on the current rage to bash Bush. Having skinned Clinton to the bone he now begins his de-boning of Bush. Kind of creepy don’t you think? --Dick McDonald [ www.riseupamerica.us ]

[JOQ001]

This is just one more step towards what the Illuminati have been pushing for 200 years. Just Google it - it is out there, it is information you can get online. They WILL create each 1/5 section of the planet - a Unified Economic "state". The Euro, The Amero - etc... Then once they have these in line - they WILLL COMBINE THE WORLD.....I always thought it'd be in 20-30 years, but I guess God's Will is to make it sooner - The 2nd Coming.....

[pythagoras]

The "W" in George W. Bush must stand for "wobbly." (His entire second term is best described as "wobbly").

[Pamela Geller]

lgstarr - garbage.

It was need not greed that led to the meltdown.

Free markets are the only answer.
Capitalism has proven time and time again the most benevolent human system.

[elvis]

The Crash of 1929-

The repertoire of central bank intrigue, speculative bubbles, defaults, devaluations, bank rate manipulations, deflations and inflations constitute the essential arsenal being used by British economic warfare planners today.

[arius]

Surprise! Bush paves the way for the big BO. The Left should thank heaven for Bush, and put up statues to him.

[seeteufel]

The big three automakers are finished, it is far better to accept this fact than to throw good money after bad.The current Detroit labour costs are $72 per hour, the non American automakers in the US have costs of $45-$50. That alone puts them out of the running. Of course both the boards of the automakers and the unions who wrought this disaster can retire in the lap of luxury.

[lgstarr]

pythagoras: you didn't read all of it, or else you misunderstood. Dick McDonald is a total capitalist and has created the Rise Up Theory of Economics which would, if it ever gets implemented, radically change our country for the better and ensure, forever, that socialists could never again threaten our country. It accomplishes many things including wiping out half our debt (there are many charts and visual examples as well as a free ebook called "Make The Poor Rich and America Wealthier") - www.riseupamerica.us (His non-profit is called the Ownership Society Institute). This man knows his numbers...when J. Paul Getty was the richest man on the earth he was his CPA and he was also with Arthur Anderson for many years!