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Inside The White House During The Crisis

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  • Inside The White House During The Crisis

    Matt Latimer worked as one of Dubya’s speechwriters during the president’s final twenty-two months in office. He was there to help sell the surge to a skeptical public. He was there as we pretended that the fundamentals of the economy were strong. And he was there to see a president who failed to grasp his own $700 billion bailout package—even as he was pitching it to the American public on live TV. A disillusioned insider reveals for the first time just how messy things got
    AS A SPEECHWRITER FOR GEORGE W. BUSH DURING THE FINAL YEARS OF HIS PRESIDENCY, I’d seen crises and controversies. But nothing prepared me for the imminent collapse of America’s free-market system.

    I was in the Eisenhower Executive Office Building with another speechwriter, a young man named Jonathan. (His last name was Horn; the president nicknamed him Horny.) We were chatting casually when the president’s favorite speechwriter came in. Chris Michel was in his midtwenties, with sandy blond hair. He was usually chipper, though at the moment his face was so pale he must have been the whitest man in the Bush White House. And that was no small accomplishment. Chris had just come from a secret meeting in the Oval Office, and without so much as a hello he announced: “Well, the economy is about to completely collapse.”
    Continued: http://men.style.com/gq/features/lan...=content_10957

  • #2
    Re: Inside The White House During The Crisis

    FASCINATING. Thanks for posting.

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    • #3
      Re: Inside The White House During The Crisis

      Originally posted by World Traveler View Post
      FASCINATING. Thanks for posting.
      Somehow I think Greenspan and Bernanke had this economic crash pre-planned as part of an experiment in economics, maybe designed at the Fed or at Princeton. Am I wrong?

      How did these two stinkers know in advance what was going to happen? That is the key question.

      And the key information was transferred in advance to Goldman-Sachs. The whole thing stinks to high heavens, in hindsight.

      Then the crash began; the stock market fell twice as far and twice as fast as in 1929, catching everyone by surprise (except for G.S, ofcourse). Even the Canada Pension Plan and Social Security in the U.S. were hit by losses on Wall Street; that is how fast this happened..... But the key point is that the Fed knew in advance, and the speech-writers were already writing speeches for what Bush was to say after the crash.

      Talk about a smell!:rolleyes:

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      • #4
        Re: Inside The White House During The Crisis

        Originally posted by Starving Steve View Post
        Somehow I think Greenspan and Bernanke had this economic crash pre-planned as part of an experiment in economics, maybe designed at the Fed or at Princeton. Am I wrong?
        Steve, you may just be.

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        • #5
          Re: Inside The White House During The Crisis

          Originally posted by Starving Steve View Post
          Somehow I think Greenspan and Bernanke had this economic crash pre-planned as part of an experiment in economics, maybe designed at the Fed or at Princeton. Am I wrong?

          How did these two stinkers know in advance what was going to happen? That is the key question.
          Yea, and how did Eric know too!? :rolleyes:

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          • #6
            Re: Inside The White House During The Crisis

            when i read greenspan's old article on gold and economic freedom (http://www.321gold.com/fed/greenspan/1966.html) i wondered if maaaaaybe just maybe he let it all go so that we would realize the folly of the fed and return to something shiny and precious.

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