March 15, 2008
http://www.nytimes.com/...
Op-Ed Columnist
George Speaks, Badly
By GAIL COLLINS
"Watching George W. Bush address the New York financial community Friday brought back many memories. Unfortunately, they were about his speech right after Hurricane Katrina, the one when he said: "America will be a stronger place for it."
"You’ve helped make our country really in many ways the economic envy of the world," he told the Economic Club of New York.
You could almost see the thought-bubble forming over the audience: Not this week, kiddo.
The president squinched his face and bit his lip and seemed too antsy to stand still. As he searched for the name of King Abdullah of Saudi Arabia ("the king, uh, the king of Saudi") and made guy-fun of one of the questioners ("Who picked Gigot?"), you had to wonder what the international financial community makes of a country whose president could show up to talk economics in the middle of a liquidity crisis and kind of flop around the stage as if he was emcee at the Iowa Republican Pig Roast."
You were expecting maybe the eloquence of FDR or JFK and the precision narrative of a mortgage broker peddling you a sub-prime loan in 2006?
Mr. Bush is so far into his bunker that he thinks now is a good time for him to vacation for a month or so in Crawford.
And he may be right.
Deregulated beyond all sense, the entire economy is making shrieking noises like a giant bubble begging to burst. Can’t you just feel the hair rising on the back of your neck?
Not to worry, though, Ms. Collins.
Someone, somewhere, assured Mr. Bush that the free market would always right itself quite apart from citizen meddling in behalf of the public good. No one said when, of course. But who are we to disagree?
It’s the public good that won’t take care of itself without citizen meddling. But, hey, why worry about that now?
I mean, the Fed is printing money galore and saving each worthy soul on Wall Street as we speak.
And lots of nice,newly vacated houses are getting cheaper every day.
And Mr. Bush may soon be out-of-touch in Crawford.
Who could ask for anything more?
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