The Alpha Dogs Bark
By GAIL COLLINS
NYT
These times are so perilous that George W. Bush emerged from his burrow on Friday to reassure the American people about the financial crisis.
Looking either grim or overmedicated, Bush spoke for several minutes — 1,260 words worth of reassurance. That was a far more ambitious effort than the day before, when, as Politico’s Roger Simon noted, our president devoted 100 fewer words to his public utterances on the collapsing economy than he did to toasting the president of Ghana at dinner.
Behind the-first-president-with-an-M.B.A.-and-a-lot-of-good-it-did-us stood the Fed chairman, Ben Bernanke, who appears to be actually running the government. On Thursday night, Bernanke had called Congressional leaders together and terrified them into supporting a quadrillion-dollar rescue plan. Legend has it that there was a time when these sorts of gatherings took place at the White House, but it would probably have really cast a pall on the president of Ghana’s big night.
Anyway, by the time Bush got around to making his speech, or at least a speechlet, Bernanke had already made the plan public. The stock market had rallied, and if the president had just stayed inside practicing his pending welcome for the Boston Celtics, the world would have little noted nor long remembered.
“This is no time for partisanship,” Bush concluded.
(Continued here.)
NYT
These times are so perilous that George W. Bush emerged from his burrow on Friday to reassure the American people about the financial crisis.
Looking either grim or overmedicated, Bush spoke for several minutes — 1,260 words worth of reassurance. That was a far more ambitious effort than the day before, when, as Politico’s Roger Simon noted, our president devoted 100 fewer words to his public utterances on the collapsing economy than he did to toasting the president of Ghana at dinner.
Behind the-first-president-with-an-M.B.A.-and-a-lot-of-good-it-did-us stood the Fed chairman, Ben Bernanke, who appears to be actually running the government. On Thursday night, Bernanke had called Congressional leaders together and terrified them into supporting a quadrillion-dollar rescue plan. Legend has it that there was a time when these sorts of gatherings took place at the White House, but it would probably have really cast a pall on the president of Ghana’s big night.
Anyway, by the time Bush got around to making his speech, or at least a speechlet, Bernanke had already made the plan public. The stock market had rallied, and if the president had just stayed inside practicing his pending welcome for the Boston Celtics, the world would have little noted nor long remembered.
“This is no time for partisanship,” Bush concluded.
(Continued here.)
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