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

July 03, 2010 | Trade Barriers | admin | 18 Comments

October 11, 2008 TimothySykesExposed.com 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 …

18 Comments for this entry

jaif4
July 3rd, 2010 on 10:22 am

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
July 3rd, 2010 on 10:42 am

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
July 3rd, 2010 on 10:59 am

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
July 3rd, 2010 on 11:37 am

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.
Brendaraz1966
July 3rd, 2010 on 11:51 am

WHORNY?? hehe visit my profile for a good time T
niel718
July 3rd, 2010 on 12:20 pm

omg now comes the Veto Crisis!!!
ThisIsSaltLakeCity
July 3rd, 2010 on 12:42 pm

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
July 3rd, 2010 on 12:46 pm

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.
cbell003
July 3rd, 2010 on 12:57 pm

It is a fact that we are outnumbered right now because of the manipulation and mind control on the people but i could tell you one thing….they could bring their one world currency but if we don’t go to work and we don’t pay taxes and bills they are going to stick that currency in a very dark place…
SpiritofTerror
July 3rd, 2010 on 1:23 pm

How come retirment savings have to be invested on the stockmarket?
Why not fixed interest?
Funds managers buy high.
Profit takers steal it.
Where does all that money each week contributed go?
ThisIsSaltLakeCity
July 3rd, 2010 on 1:28 pm

Meet your new Dictator.
ThisIsSaltLakeCity
July 3rd, 2010 on 2:15 pm

I totally agree. I read the story on CNN . com before seeing the video and hell yeah, NWO is right. “The United States has a “special” role to play in leading the “response” to this crisis.” “In an INTERCONNECTED WORLD” “We are in this together. We will come through it together.” What the fuck ever!!! But people think WE are nuts or some shit, if we could get big groups together and make a plan to GET THE FUCK OUT! We might have a chance.
jburt56
July 3rd, 2010 on 2:58 pm

Long term growth? No. This is the beginning of the Big Shrink toward sustainability.
jburt56
July 3rd, 2010 on 3:36 pm

It took some time to restore chaos and order. I know how hard it is to put food on your family. Our enemies never stop trying to hurt America and neither do we. I’ve been misunderestimated!!!
cbell003
July 3rd, 2010 on 4:01 pm

NWO written all over this speech
AndreasAntoniusMaria
July 3rd, 2010 on 4:17 pm

Maybe Bush thinks: The debts melt away by inflation. R.W.Reagan warned the American people in 1980 for the consequences of high inflation: A worthless us dollar. Soon the US currency will have the same value as the old Italian Lira or even worse the Yugoslav Dinar.
According to me G.W. Bush is the Worst US president of all times. Coolidge and Hoover were terrible too, but Bush is far worse.
I feel sorry for the next US president who has to clean the mess made by this incompetent man.
AndreasAntoniusMaria
July 3rd, 2010 on 5:06 pm

This crisis was created by mr. Bush administration by his totally wrong economical policies and total lack of control over the banking system. There is one, very simple solution to prevent such a crisis in the future. Re-impose the GOLD Standard. Then it is impossible to create money from thin air. I feel sorry for the next generation of Americans who have to pay the enormous debts created by G.W.Bush.
musebag
July 3rd, 2010 on 5:49 pm

Notice he said, “In my country”.