Wednesday, September 17, 2008

White House Hides While Seeking Money

With Wall Street in turmoil, the White House yesterday canceled all press coverage of President Bush’s meeting with his chief advisory group on the reeling financial markets. They of course were looking where they could find 85 million dollars.

George W. Bush had been scheduled to make a statement Tuesday to a pool of White House reporters after huddling with his financial working group. That didn’t happen.

Spokesman Tony Fratto said the White House had decided it would be best to limit public comment about markets. Yes, the American public will feel better the less we see of Bush. I know every time I am reminded that he is running the ship, I get more jittery.

The meeting went on as planned. The group is led by Treasury Secretary Henry Paulson and included Federal Reserve Chairman Ben Bernanke and the chairpersons of the Securities and Exchange Commission and the Commodity Futures Trading Commission. It is a good bet this is where the decision to reverse course and bail out AIG took place.

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