Bush - The MBA* President

MBA = Must Be Afraid

Credit must be given to George Bush and the bunch for sticking to one basic principle throughout their tenure - spreading fear and making people afraid- afraid of almost everything and almost everyone.
Consider the language used by Ben and others in intimidating Congress into passing the trillion dollar give-away.
From CBC.com...."The White House pressed the U.S. Congress publicly and privately Tuesday to pass a $700-billion US bailout package it hopes will contain a spreading financial crisis. Congressional leaders — especially those who oppose the package — are being asked whether they want to be responsible for even greater economic harm than has occurred so far, the CBC's Henry Champ reported from Washington.
"And the whispers always include references to Oct. 29, 1929, the Great Depression and things of that nature," he said. Although no one can be certain what would happen if the package is not passed, the threat is likely to carry the day, Champ said.".....

"Action by the Congress is urgently required to stabilize the situation and avert what could otherwise be very serious consequences for our financial markets and for our economy,'' Bernanke said in testimony prepared for delivery today to the Senate Banking Committee. "Global financial markets remain under extraordinary stress.'' (Bloomberg)
"I believe if the credit markets are not functioning, that jobs will be lost, the unemployment rate will rise, more houses will be foreclosed upon, GDP will contract, that the economy will just not be able to recover,'' Bernanke told the Senate Banking Committee today. "My interest is solely for the strength and recovery of the U.S. economy.''
U.S. Securities and Exchange Commission Chairman Christopher Cox said Congress should "immediately'' grant authority to regulate credit-default swaps amid concern the bets are fueling the global financial crisis.
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