VIDEO & AUDIO: George W. Bush Address to the Nation, Sept 30 2008

 

Sept. 30, 2008

President Bush Discusses Economic Rescue Plan

      Video         Audio

      In Focus: Economy

George W. Bush spoke the United States (and world) at 7:45 am EST Tuesday morning September 30, 2008.

He again addressed the case for the US$700 billion bailout which failed to pass in the lower house on Monday.

His speech was be important because it is being made to restore faith in global markets and persuade Americans that the $700 billion bailout is going to do what it is intended to do.

Markets hate nasty surprises and uncertainty and his speech will have to be a good one to pull it all off.

While not a spectacular speech by any stretch of the imagination, it was nevertheless competent enough to restore some positivity into the DOW this morning.

As at 7.45 am (NZ time) the DOW was up 379 points.

In my opinion it is unlikely to be a sustained upswing because there is more bad financial news to come.

Related Links

 

Sept. 29, 2008

President Bush Discusses Financial Rescue Legislation

      Video         Audio

      Fact Sheet: A Strong Bipartisan Proposal to Stabilize Our Financial System

      In Focus: Economy

 

c Political Animal 2008

Falwasser should be out for the count

The Falwasser family

Watch police video of incident

I haven't seen the full video of Rawiri Falwasser resisting police officers in a Tauranga police cell in 2006 and neither do I have to to make up my mind that Falwasser was being a violent fruitcake on the day he was injured.

Falwasser was resistant to police from the get go, mentally disturbed and once in his cell refused to leave when he was told to.

He received the bulk of his serious injuries from whacking his head against the cell walls and other minor injuries sustained from cops trying to restrain him-from hurting himself if nothing else.

Once again the perpetrator of a crime gets all the sympathy and the cops get critiqued and undermined in public for merely doing their job.

The flimsy case against the police for "beating" the nascent thief was lost but now the Falwasser family want to sue police.

A typical victim mentality that Labour has bred in certain sectors of Kiwi society over the last 9 years that makes individuals think that as criminals they have more rights than victims.

Pass me a bucket.

c Political Animal 2008

New Generation

The moral outrage by David "Fartman" Parker,Lianne Dalzeil and the Labour Party over Contact Energy today announcing power prices rises leaves me more than a little confused:

"However we will be asking Cabinet on Monday to consider whether a broader inquiry is needed into whether these price increases are evidence of a lack of competition and market power being used to ratchet up prices," the ministers said.

Ms Dalziel said she could not see how the increases could be justified.

"The latest price increases, especially for residential consumers, follow a worrying trend of price rises in excess of general inflation, and I intend to ensure that the market is not being manipulated by electricity retailers."

NZ Herald

The facts are that Contact is putting up power prices because Labour have not allowed enough new generation to be built because of the global warming myth and are set to pile more cost on to consumers power bills through their dodgy climate change policies. David Parker has got his sticky little socialist fingerprints all over the mess.

Restrict generation, ipso facto power prices rise-well duh!

Contact Energy had to run a diesel power station at full blast for most of 2008 because of the lack of power generation for goodness sake.

Parker's inexperience shows in this quote from him today:

"The gap between residential and industrial charges was difficult to understand"

What the fuck?!

David if you are a industrial power user you generally use more power and like any other product or service you will be able to negotiate a lower price for bulk usage.

That is the way any market works and is general practice with power companies. Perhaps you could talk to a couple instead of grandstanding weeks before an election.

This collective is overseeing the energy portfolio and the Carbon Credit tax scam.

We should be worried.

Related reading

Carbon Credit trading puts markets at extreme risk

Contact Energy looks bright during dark times

c Political Animal 2008

VIDEO: Sept 29 Debate of $700 billion bailout in Congress