October 11 2008 George Bush G7 Speech on Financial Credit Crisis Economic Resolve and Depression

October 11, 2008

http://TimothySykesExposed.com/CRISIS

President Bush emerged from a meeting with foreign financial officials on Saturday and pledged a global response to the credit crisis that will lead toward a "path of stability and long-term growth."

Bush announced no new strategies to attack the economic woes circling the globe, stressing instead, "We will do what it takes to resolve the crisis and the world's economy will emerge stronger as a result."

The president spoke in the Rose Garden outside the White House, joined there in a show of solidarity not long after daybreak by finance officials from the G-7 - Japan, Germany, Britain, France, Italy and Canada, in addition to the United States. Treasury Secretary Henry Paulson and Secretary of State Condoleezza Rice also attended.

"The United States has a special role to play in leading the response to this crisis," the president said. "That is why I convened this morning's meeting here at the White House and it is why our government will continue using all the tools at our disposal to resolve this crisis."

He added, "As our nations carry out this plan, we must ensure that the actions of one country do not contradict or undermine the actions of another. In an interconnected world, no nation will gain by driving down the fortunes of another. We are in this together. We will come through it together."

Bush's comments were aimed at avoiding the mistakes that worsened economic conditions during the Great Depression in the 1930s. Then, some nations pursued go-it-alone strategies such as erecting protectionist trade barriers to shield their domestic industries. Those trade barriers ended up only worsening the global downturn.

In the current crisis, Ireland moved to guarantee all bank deposits, a decision that triggered similar actions in Germany and other nations which were concerned that nervous depositors would move their bank accounts to Ireland.

The White House meeting lasted about a half-hour, less than scheduled.

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[biggestMetallicAfan]

@ThisIsSaltLakeCity Give it time, it will.

People are so god damn stupid, and believe what they are told.

For instance, you can ask somebody if 9/11 was really terrorism, and well that's what they will say happened.

When in reality terrorism isn't even a part of it.

[biggestMetallicAfan]

This asshole has officially gone down as the worst president in the history of the world. Hows it feel Georgie???

[jaif4]

Labour is prior to, and independent of, capital. Capital is only the fruit of labour, and could never have existed if labour had not first existed. Labour is the superior of capital, and deserves much the higher consideration.

Abraham Lincoln

A lesson the GOP never learned, bailing out Wall Street and not Main Street is a guaranteed way of wasting tax payers money.

[dijaystar]

Usa use most money in this world and almost every economic crisis starts in Usa and then the rest of the world have to pay hard!

The stockmarked is the biigest in Usa and the world bank is in Usa! We need to get some of the biggest instutition outside Usa, cause if Only one country has it and if only one country is far much stronger and have far more power than the rest of this world, it can be very dangerous!

[dijaystar]

Usa is the main guilty one in this financial crisis, cause Usa is the biggest and strongest country in this world when you look at eqonomic and militarty power! Oki other countrys such as Norway, Iceland, Sweden, Denmark etc has higher living standard than Usa and are more richer if you compare the fortune per citisens, but Usa is the biggest and strongest country, and in Usa leaders of companies and financial marked have bizzare and Out of this world big sallerys which is totaly riddicoulus!

[keirsie]

the american people deserve a credit crisis, they voted in bush which is the same as havin no oversight, no one minding the store. no wonder they are sinking in a pool of corruption. justice as comes sooner or later.

[niel718]

omg now comes the Veto Crisis!!!

[ThisIsSaltLakeCity]

The Gov could shutdown Cell towers and broadcast whatever they want on the airwaves. Make people believe that the world around them is under a Nuclear attack so they will feel safe in the concentration camp but then suddenly, we're all Jews. It will be a technological driven holocaust. I'm just preparing myself with knowledge most could care less to have or even know it's out there, although I hope this never happens.

[ThisIsSaltLakeCity]

Another issue I've been looking into lately is the switch from Analog to Digital TV, there's definitely something going on there. I've been learning more and more each day, my friends think I'm nuts, but my wife and her parents are slowly coming to the realization. I picture the ones who survive being in those concentration camps where THEY would have complete control on the media the people see, the people are isolated so don't know what is really going on.