First, he looked as if he had just re-read “My Pet Goat.”
Second, there’s definitely a problem with our leadership when the president tells us that if we don’t do what he tells us to do we will all lose our homes and stand in soup lines. It’s more fear-mongering.
Certainly, the economic situation is serious and action needs to be taken, but Bush just has no credibility when he tries to scare us. Again.
From a post by Andrew Leonard on Salon:
No matter how you feel about George Bush’s credibility, it is unnerving to watch the President of the United States stare his country in the eye and declare that “we are in the middle of a serious financial crisis” and “our economy is in serious danger.”
As a rule, Presidents in moments of national crisis aim to reassure a nervous populace. But on Wednesday night, Bush faced a unique challenge — convincing his country that the United States is in such dire straits that we have no choice but to expeditiously enact the Paulson plan to spend as much $700 billion “so banks and other financial institutions can avoid collapse.”
So — this was no time to channel the ghost of FDR and tell us that the only thing to fear is fear itself. Instead, we were told that we should be fearful, that the “situation is becoming more precarious by the day” and that “the market is not functioning properly, there is a widespread loss of confidence and major sectors of American industry are in danger of shutting down.”