George W. Bush

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Asia, Europe Want Financial Reform Now

Beijing steps up as leaders craft plans to manage economies

(Newser) - Asian and European world leaders joined forces today to call for stricter regulation of world financial markets and a shakeup of the monetary system, the Washington Post reports. The declarations marked the close of a 2-day summit in Beijing attended by more than 40 heads of state. Bailouts in the...

SNL 'Bush' Endorses Squirming 'GOP' Pair

Ferrell's Bush praises 'heavily patriotized' ticket

(Newser) - Will Ferrell reprised his role as a bumbling George Bush for last night's special edition of Saturday Night Live to force his endorsement on an extremely unreceptive GOP "ticket." Ferrell first explained to Tina Fey's Sarah Palin that the vice president tells a president what to do and...

Crisis Powwow Set for Nov. 15

Nov. 15 is the date

(Newser) - World leaders will meet Nov. 15 in Washington to address the global financial crisis—the first in a series of summits to mitigate what economists predict could be a long and deep downturn, a senior Bush administration official said today. The first meeting will discuss underlying causes of the financial...

Voters Flee GOP Fury Like It's 1964
 Voters Flee GOP 
 Fury Like It's 1964 
OPINION
Oct 21, 2008 10:10 AM CDT

Voters Flee GOP Fury Like It's 1964

Angry base has handed election to Obama, writes Cohen

(Newser) - Eight years ago George W. Bush made it to the White House as a "compassionate conservative," with plans to reform education and build a multiracial coalition. In 2008, writes Richard Cohen, that vision of the GOP is dead—replaced by "a mean, grumpy, exclusive, narrow-minded and...

Bush Committed to Gitmo Gulag

Come hell or Supreme Court, administration believes in controversial lock up

(Newser) - Despite his stated desire to the contrary, President Bush and his most hawkish aides are determined to keep prison facilities operating at Guantánamo Bay, reports the New York Times. Bush made up his mind following a Supreme Court ruling in the summer granting 250 detainees the right to challenge...

Bush to Host Economic Summit

World meeting to be held 'in the near future'

(Newser) - President Bush will soon announce his plan to host a global summit on the financial crisis, MSNBC reports, to be held in the near future. “The president wants participation and ideas from both developed and developing nations,” one official said on condition of anonymity. Bush will meet with...

Stocks Plunge on Housing Data
 Stocks Plunge on Housing Data 
MARKETS
Oct 17, 2008 8:50 AM CDT

Stocks Plunge on Housing Data

Volatile day ahead

(Newser) - Stocks dropped today at the open, after a dour housing report reaffirmed market pessimism. But the day is expected to be a volatile one, the Wall Street Journal reports, after yesterday’s wild session. The Dow dropped 221 points at the bell, with the S&P and Nasdaq dropping 2....

Chavez: 'Hola, Comrade Bush'
Chavez: 'Hola, Comrade Bush'
Oct 16, 2008 6:06 AM CDT

Chavez: 'Hola, Comrade Bush'

Irony of White House plans to buy stakes in banks isn't lost on Venezuelan prez

(Newser) - A smirking Hugo Chavez noted the US bank bailout yesterday and duly welcomed George W. Bush to the club of socialist leaders, reports Reuters. Hailing "Comrade Bush" was high praise from the man who has variously referred to his American counterpart as the devil and a drunk, but Chavez...

Desperate Times Call for Jump Starting Next Presidency

Here's how to dump Bush in Nov., not Jan.

(Newser) - In the current economic morass, the US cannot afford to wait 9 weeks to install the new president after he is elected in November, Richard Tedlow and David Ruben write in the Boston Globe. But wait—doesn’t the Constitution dictate the date of the inauguration? “Changing that would...

Secret White House Memos OK'd Waterboarding

Fearing backlash, CIA sought and received support

(Newser) - The Bush administration gave its blessing in writing for the CIA to use waterboarding and other harsh interrogation techniques in two secret memos that have only now come to light, the Washington Post reveals. Intelligence officials sought to get something on paper in 2003—more than a year after the...

Crisis Separates the Champs From the Boobs
Crisis Separates the Champs From the Boobs
OPINION
Oct 14, 2008 12:10 PM CDT

Crisis Separates the Champs From the Boobs

Brown and Sarkozy shine while Bush stalls, says columnist

(Newser) - The financial crisis hasn't just transformed the business world, writes Financial Times columnist Gideon Rachman; it's transformed world politics as well. Who are the winners and losers of the market upheaval?
  • Gordon Brown seems more and more the "improbable savior" of the financial system. The British bailout has been
...

Bush's Niece: Obama 'Seems Like a Strong Leader'

Model Lauren Bush might lean a little left

(Newser) - Lauren Bush, the president's fashion model niece, thinks Barack Obama "seems like a strong leader," the New York Post reports. And that's not the only sign that the 24-year-old wants a little distance from her famous fam. She's dubbed her upcoming clothing line Lauren Pierce—borrowing her grandmother's...

Berlusconi Breaks Podium at Rowdy White House Soiree

Dubya's last fan gets a little excited

(Newser) - Affairs don't get much more formal than a White House official dinner, but last night's reception in honor of Silvio Berlusconi had all the seriousness of a frat party. The Italian prime minister was so excited to toast President Bush that he knocked into the lectern, which collapsed in pieces....

Bush, Paulson Outline Plan to Buy $250B Stake in Banks

(Newser) - President Bush this morning confirmed the government's $250 billion plan to buy shares in banks, in the latest move to calm the turmoil in the financial markets and stave off a deep recession. Speaking from the Rose Garden after an early-morning meeting with economic advisers, Bush said the move will...

Poll: Obama 53%, McCain 43%

McCain too busy with attack ads; losing support among base

(Newser) - Barack Obama continues to rise in the polls just as John McCain falls, with the latest numbers giving the Democrat a 10-point lead over his opponent, reports the Washington Post. Voters also gave Obama a clear lead on taxes and leadership for the first time in the election. McCain, meanwhile,...

Bush Already Rejiggering $700B Bailout

Initial reluctance to buy stock may have hurt rescue

(Newser) - The White House is abruptly overhauling plans for the $700 billion bailout package it pushed through Congress just two week ago—raising fears that valuable time was lost on a plan not carefully considered, reports the New York Times. Instead of using funds to buy up troubled securities as initially...

Bush Vows Market Stability, IMF Warns of 'Meltdown'

(Newser) - President Bush and his allies tried to steady plunging markets today after meeting in Washington, but proposed no new plan, Reuters reports. International Monetary Fund chief Dominique Strauss-Kahn warned that the global economy was facing "systemic meltdown," but backed the G7's as yet undefined rescue plan, saying it...

When Bush Speaks, Markets Shrug
 When Bush Speaks, 
 Markets Shrug 
OPINION
Oct 11, 2008 10:45 AM CDT

When Bush Speaks, Markets Shrug

White House brings no leadership to the table

(Newser) - George W. Bush tried to calm the markets once again yesterday, and once again, the markets responded by plunging. It was the 20th time in recent days that Bush has issued such proclamations, and every time “the market ignored him, and continued its downward plunge,” Dana Milbank writes...

Hitchens: We're Now a Banana Republic

Accountability is nil, the president useless

(Newser) - The credit crisis has laid bare the failings of US government, writes Christopher Hitchens in Vanity Fair, putting us on par with other banana republics such as Zimbabwe and Venezuela. How else to describe this "collusion between the overweening state and certain favored monopolistic concerns, whereby the profits can...

Bush: Recovery Will Take Time

But don't worry, we have acted and will continue to act

(Newser) - The government's financial rescue plan is aggressive enough and big enough to work, President Bush said today, but it will take time to fully kick in. "Anxiety can feed anxiety and that can make it hard to see all that's being done to solve the problem," Bush said...

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