Why The Press Conference?
After all the financial activities by our government in the past few days, weeks and months, President Bush was largely silent other than to say he supports his team and the country should feel confident that the economy and financial markets are fundamentally sound. Rah Rah Rah! Blah Blah Blah! So it was a bit odd to hear that press conference/statement by the President. I missed the part about how the economy is sound and heard only one thing of significance. As you know, I don’t need the political leaders to tell me how calm I should be or to explain markets or economics to me. Especially since they have been terribly wrong about their predictions and their interventions have contributed to where we are today, I am even more convinced they have no clue. I cannot figure out the reason for the President’s statement and oh, that one thing of significance I mentioned????? The only thing I found interesting was why he said he canceled his travel plans to stay in Washington. That sounds like something you do when you expect a problem and you don’t want to look out of touch by being on a trip to raise money for the election. The whole thing was odd.

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