(Thanks to James Landis for emailing these quotes and his thoughts on this.)
“This economy of ours is on a solid foundation.” President Bush – Jan. 4 after meeting with the President’s Working Group on Financial Markets.
“There is no cause to worry. The high tide of prosperity will continue.” – Andrew W. Mellon, Secretary of the Treasury. September 1929
“I hope you’re confident about our economy. I am.” President Bush. Jan. 30, 2008 at the Robinson Helicopter Co. in Torrance, Calif.
“While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence and character of the people of the United States – that is, prosperity.” – President Hoover – May 1, 1930
“Losing a job is painful, and I know Americans are concerned about our economy; so am I. It’s clear our economy has slowed, but the good news is, we anticipated this and took decisive action to bolster the economy, by passing a growth package that will put money into the hands of American workers and businesses.” – President Bush – March 7, 2008 on news that the economy lost 63,000 payroll jobs in February.
Truth is……. now, as then, they don’t have a clue. The rich guys are taking care of the rich guys to the tune of 1.6 trillion dollars (thus far), and what trickles down to the rest of us cannot be mentioned in polite company.