By CHARLES HURT, BUREAU CHIEF
Last updated: 10:37 pm
January 23, 2009
Posted: 8:13 pm
January 23, 2009
WASHINGTON -- President Obama warned Republicans on Capitol Hill today that they need to quit listening to radio king Rush Limbaugh if they want to get along with Democrats and the new administration.
"You can't just listen to Rush Limbaugh and get things done," he told top GOP leaders, whom he had invited to the White House to discuss his nearly $1 trillion stimulus package.
One White House official confirmed the comment but said he was simply trying to make a larger point about bipartisan efforts.
"There are big things that unify Republicans and Democrats," the official said. "We shouldn't let partisan politics derail what are very important things that need to get done."
That wasn't Obama's only jab at Republicans today.
In an exchange with Rep. Eric Cantor (R-Va.) about the proposal, the president shot back: "I won," according to aides briefed on the meeting.
"I will trump you on that."
Not that Obama was gloating. He was just explaining that he aims to get his way on stimulus package and all other legislation, sources said, noting his unrivaled one-party control of both congressional chambers.
"We are experiencing an unprecedented economic crisis that has to be dealt with and dealt with rapidly," Obama said during the meeting.
Republicans say the $825 billion price tag is too big a burden for a nation crippled by debt and that it doesn't do enough to stimulate the economy by cutting taxes.
"You know, I'm concerned about the size of the package. And I'm concerned about some of the spending that's in there, [about] ... how you can spend hundreds of millions on contraceptives," House GOP Leader John Boehner (R-Ohio) later said.
"How does that stimulate the economy?"
But White House Press Secretary Robert Gibbs countered: "There was a lot of agreement in that room about the notion that we're facing an economic crisis unlike we've seen in quite some time ... that we must act quickly to stimulate the economy, create jobs, put money back in people's pockets."
Gibbs disagreed with those who called the meeting window dressing.
"The president is certainly going to listen to any ideas," he said.
"He will also go to Capitol Hill the beginning of next week to talk to Republican caucuses and solicit their input and their ideas."
With Post Wires
churt@nypost.com
Friday, January 23, 2009
Tuesday, January 13, 2009
I have dreamt of this since I was a little tyke
From The Sunday Times
January 11, 2009
The flying car
The fantasy of spy novels and science fiction films is at last becoming reality with a vehicle that can turn from car to aircraft in 15 seconds
Mark Harris
It is the ultimate off-roader and it is coming to an airstrip near you. The flying car has been talked about for almost as long as cars have existed, and now a prototype built by a small American company is finally ready to make the idea a reality.
The Terrafugia Transition is a two-seater plane that at the touch of a button converts into a road-legal car. It takes its maiden flight next month and is scheduled to hit the showrooms by next year. You can’t help but wonder whether, if Bob Nardelli and Rick Wagoner, of Chrysler and General Motors respectively, had been forward-thinking enough to fly into Washington DC in swept-wing Dodge Vipers and Cadillac Escalades instead of corporate jets when they were seeking bailout cash, they would have been showered with government money, downturn or no downturn.
“It’s like a little Transformer,” says Carl Dietrich, the Terrafugia boss, proudly. “This is the first really integrated design where the wings fold up automatically and all the parts are in one vehicle. All we have is one simple folding wing, and that means the Transition takes just 15 seconds to switch between flying and driving.”
Dietrich has a well-rehearsed list of reasons why “roadable aircraft” make financial sense. They promise to be quicker than cars for intercity commuting, fit into a normal garage (saving hangar fees) and even run on plain old premium unleaded. However, he’s missing the real reason the Transition is causing such a stir in the automotive as well as the aviation world: flying cars are cool. They’re James Bond. They’re Blade Runner. They’re Back to the Future.
Related Links
* World’s first flying car prepares for take-off
At the moment, though, Terrafugia’s car looks more like Chitty Chitty Bang Bang than The Jetsons. The prototype Transition has been made at Terrafugia’s small workshop in Woburn, Massachusetts, by a team of young engineers recruited from MIT and Nasa. The ungainly vehicle has a single engine — a 100bhp petrol motor that drives either the wheels or a rear-facing propeller. As a car, it has a normal steering wheel, accelerator and brake pedals, but no gearstick (the Transition has a continuously variable transmission).
With its wings deployed and the propeller spinning, the Transition can take off from any airfield, although not from roads — it’s illegal everywhere in the US except in sparsely populated Alaska. It can fly up to 500 miles on a single tank of petrol at a cruising speed of about 115mph. That’s the plan, at least. Though it has reached 90mph in test drives, the prototype Transition’s wheels have yet to leave the ground.
That’s not for technical reasons; it’s because the various road and aircraft licensing authorities have been wondering how to classify it. “It took six months just to get our \plate,” says Dick Gersh, a former lawyer with the car insurance industry and now a vice-president at Terrafugia. “The government, insurance companies and lawyers have never contemplated a flying car. I wanted a car that could fly and drive but you couldn’t do either because you couldn’t get insured.”
Gersh is confident that he will be able to insure the Transition once it makes a successful test flight — and a safe landing. The Transition has a safety cage and crumple zones, although it will not have to pack the latest safety features or undergo a crash test before it takes to the air.
“There are already exemption policies for low-volume manufacturers like Lamborghini,” says Dietrich. “We can’t afford the huge amounts of research and development for motion-sensing airbags, and we certainly can’t afford to crash-test our only prototype. If it makes you feel safer, Boeing doesn’t crash-test its big jets either.”
Terrafugia hopes to deliver the first production flying car by the middle of next year. The company already has orders for 40 aircraft. “The majority of our customers are retired or near-retired couples who want a fun vehicle to putter around the country in. They’ve worked hard their whole lives and now they can have a flying car, a technology that they’ve been promised in films and TV since they were a kid,” says Dietrich. “We even have a couple of orders from people who are not pilots but will learn because of this vehicle. They’re willing to put money down on a vehicle that they can’t fly yet.”
Terrafugia’s Transition will set them back a cool $200,000 (£132,000). “For an airplane, that’s very reasonable, but for a car, that’s very much at the high end,” Dietrich admits. “It’s got to start there. You can’t make a $10,000 flying car yet. This is not going to change overnight and it won’t become a mass-market item any time in the near future. But in the long term we have the potential to make air travel practical for individuals at a price that would meet or beat driving, with huge time savings. And that could be a real game-changer for aviation as well as driving.”
The flying car has been technically possible for years but the legal runway was cleared for take-off only four years ago. The American Federal Aviation Authority created a new category of plane called light sports aircraft. These planes are subject to fewer rules and regulations than traditional passenger aircraft and can be flown by pilots after just 20 hours of training, half the normal American requirement.
At the same time, advances in avionics (the systems that allow you to pilot the plane) have made flying much simpler. Gone are the days when a plane’s cockpit was a kaleidoscope of flashing buttons and switchgear. Instead, new technology means that the inside of a cockpit is little different from that of a luxury car. Navigation can be taken care of by GPS, weather patterns can be displayed on a simple colour screen and automatic throttles help to keep control of the aircraft.
So the next time you remind the passengers in your car to fasten their seatbelts, it might be in preparation for take-off.
Blue-sky thinking: the rivals
PARAJET SKYCAR
What is it? A lightweight two-seater buggy that uses a giant fan mounted on the back and a paraglide-style chute to keep it airborne.
Are they serious? It seems so. The Skycar is due to take off on Tuesday on its maiden flight. It has been developed by British engineers, who are proving its worth by flying and driving it 3,730 miles from London to Timbuktu. On the road it has a top speed of 110mph; in fly mode it can reach 80mph with a range of 180 miles. The wing takes about three minutes to deploy manually and the Skycar can take off in only 200 yards. If the trip is successful, the team aims to put the design into production, with prices from £40,000 for a basic model up to £60,000 for a sports version.
A5 ICON AIRCRAFT
What is it? The world’s first multi-purpose recreational flying vehicle.
Are they serious? Yes. The A5 has made several test flights and the Los Angeles company plans to bring it to market this year. Not strictly speaking a flying car, the A5 requires a trailer to transport it to its take-off point. This is made possible by the fact that it has folding wings, meaning it can also be housed in a garage. The A5 is also amphibious and so doesn’t need a runway to get airborne — a lake or river will do. It comes complete with parachute to lower the plane to the ground (or water). The engine runs on ordinary unleaded fuel and Icon says the A5 will cost $139,000 (£92,000).
PAL-V EUROPE BV
What is it? A three-wheeled girocopter, capable of vertical take-off and landing.
Are they serious? Possibly. After six years of concept work, the project has entered the final phase of development: building the first commercial prototype to prove all the technologies work. The Dutch company hopes to begin marketing the vehicle this year and customers can sign up to buy one, although prices are yet to be decided. On the road it has the agility of a motorbike, and the single rotor and propeller fold away. Airborne, the PAL-V flies below 4,000ft, so pilots don’t need to log a flight plan to use it, and it has a top speed of about 125mph.
* Have your say
When can i buy this crazy thing :P =)
Jordy Sipkema, Bergen op Zoom, The Netherlands
Some experts think that in the fututre we will be able to fly anywhere in the world in our own flying cars as freely as you drive you're car today without having to be a millionaire.
Times Online Services:
News International associated
January 11, 2009
The flying car
The fantasy of spy novels and science fiction films is at last becoming reality with a vehicle that can turn from car to aircraft in 15 seconds
Mark Harris
It is the ultimate off-roader and it is coming to an airstrip near you. The flying car has been talked about for almost as long as cars have existed, and now a prototype built by a small American company is finally ready to make the idea a reality.
The Terrafugia Transition is a two-seater plane that at the touch of a button converts into a road-legal car. It takes its maiden flight next month and is scheduled to hit the showrooms by next year. You can’t help but wonder whether, if Bob Nardelli and Rick Wagoner, of Chrysler and General Motors respectively, had been forward-thinking enough to fly into Washington DC in swept-wing Dodge Vipers and Cadillac Escalades instead of corporate jets when they were seeking bailout cash, they would have been showered with government money, downturn or no downturn.
“It’s like a little Transformer,” says Carl Dietrich, the Terrafugia boss, proudly. “This is the first really integrated design where the wings fold up automatically and all the parts are in one vehicle. All we have is one simple folding wing, and that means the Transition takes just 15 seconds to switch between flying and driving.”
Dietrich has a well-rehearsed list of reasons why “roadable aircraft” make financial sense. They promise to be quicker than cars for intercity commuting, fit into a normal garage (saving hangar fees) and even run on plain old premium unleaded. However, he’s missing the real reason the Transition is causing such a stir in the automotive as well as the aviation world: flying cars are cool. They’re James Bond. They’re Blade Runner. They’re Back to the Future.
Related Links
* World’s first flying car prepares for take-off
At the moment, though, Terrafugia’s car looks more like Chitty Chitty Bang Bang than The Jetsons. The prototype Transition has been made at Terrafugia’s small workshop in Woburn, Massachusetts, by a team of young engineers recruited from MIT and Nasa. The ungainly vehicle has a single engine — a 100bhp petrol motor that drives either the wheels or a rear-facing propeller. As a car, it has a normal steering wheel, accelerator and brake pedals, but no gearstick (the Transition has a continuously variable transmission).
With its wings deployed and the propeller spinning, the Transition can take off from any airfield, although not from roads — it’s illegal everywhere in the US except in sparsely populated Alaska. It can fly up to 500 miles on a single tank of petrol at a cruising speed of about 115mph. That’s the plan, at least. Though it has reached 90mph in test drives, the prototype Transition’s wheels have yet to leave the ground.
That’s not for technical reasons; it’s because the various road and aircraft licensing authorities have been wondering how to classify it. “It took six months just to get our \plate,” says Dick Gersh, a former lawyer with the car insurance industry and now a vice-president at Terrafugia. “The government, insurance companies and lawyers have never contemplated a flying car. I wanted a car that could fly and drive but you couldn’t do either because you couldn’t get insured.”
Gersh is confident that he will be able to insure the Transition once it makes a successful test flight — and a safe landing. The Transition has a safety cage and crumple zones, although it will not have to pack the latest safety features or undergo a crash test before it takes to the air.
“There are already exemption policies for low-volume manufacturers like Lamborghini,” says Dietrich. “We can’t afford the huge amounts of research and development for motion-sensing airbags, and we certainly can’t afford to crash-test our only prototype. If it makes you feel safer, Boeing doesn’t crash-test its big jets either.”
Terrafugia hopes to deliver the first production flying car by the middle of next year. The company already has orders for 40 aircraft. “The majority of our customers are retired or near-retired couples who want a fun vehicle to putter around the country in. They’ve worked hard their whole lives and now they can have a flying car, a technology that they’ve been promised in films and TV since they were a kid,” says Dietrich. “We even have a couple of orders from people who are not pilots but will learn because of this vehicle. They’re willing to put money down on a vehicle that they can’t fly yet.”
Terrafugia’s Transition will set them back a cool $200,000 (£132,000). “For an airplane, that’s very reasonable, but for a car, that’s very much at the high end,” Dietrich admits. “It’s got to start there. You can’t make a $10,000 flying car yet. This is not going to change overnight and it won’t become a mass-market item any time in the near future. But in the long term we have the potential to make air travel practical for individuals at a price that would meet or beat driving, with huge time savings. And that could be a real game-changer for aviation as well as driving.”
The flying car has been technically possible for years but the legal runway was cleared for take-off only four years ago. The American Federal Aviation Authority created a new category of plane called light sports aircraft. These planes are subject to fewer rules and regulations than traditional passenger aircraft and can be flown by pilots after just 20 hours of training, half the normal American requirement.
At the same time, advances in avionics (the systems that allow you to pilot the plane) have made flying much simpler. Gone are the days when a plane’s cockpit was a kaleidoscope of flashing buttons and switchgear. Instead, new technology means that the inside of a cockpit is little different from that of a luxury car. Navigation can be taken care of by GPS, weather patterns can be displayed on a simple colour screen and automatic throttles help to keep control of the aircraft.
So the next time you remind the passengers in your car to fasten their seatbelts, it might be in preparation for take-off.
Blue-sky thinking: the rivals
PARAJET SKYCAR
What is it? A lightweight two-seater buggy that uses a giant fan mounted on the back and a paraglide-style chute to keep it airborne.
Are they serious? It seems so. The Skycar is due to take off on Tuesday on its maiden flight. It has been developed by British engineers, who are proving its worth by flying and driving it 3,730 miles from London to Timbuktu. On the road it has a top speed of 110mph; in fly mode it can reach 80mph with a range of 180 miles. The wing takes about three minutes to deploy manually and the Skycar can take off in only 200 yards. If the trip is successful, the team aims to put the design into production, with prices from £40,000 for a basic model up to £60,000 for a sports version.
A5 ICON AIRCRAFT
What is it? The world’s first multi-purpose recreational flying vehicle.
Are they serious? Yes. The A5 has made several test flights and the Los Angeles company plans to bring it to market this year. Not strictly speaking a flying car, the A5 requires a trailer to transport it to its take-off point. This is made possible by the fact that it has folding wings, meaning it can also be housed in a garage. The A5 is also amphibious and so doesn’t need a runway to get airborne — a lake or river will do. It comes complete with parachute to lower the plane to the ground (or water). The engine runs on ordinary unleaded fuel and Icon says the A5 will cost $139,000 (£92,000).
PAL-V EUROPE BV
What is it? A three-wheeled girocopter, capable of vertical take-off and landing.
Are they serious? Possibly. After six years of concept work, the project has entered the final phase of development: building the first commercial prototype to prove all the technologies work. The Dutch company hopes to begin marketing the vehicle this year and customers can sign up to buy one, although prices are yet to be decided. On the road it has the agility of a motorbike, and the single rotor and propeller fold away. Airborne, the PAL-V flies below 4,000ft, so pilots don’t need to log a flight plan to use it, and it has a top speed of about 125mph.
* Have your say
When can i buy this crazy thing :P =)
Jordy Sipkema, Bergen op Zoom, The Netherlands
Some experts think that in the fututre we will be able to fly anywhere in the world in our own flying cars as freely as you drive you're car today without having to be a millionaire.
Times Online Services:
News International associated
Thursday, December 11, 2008
NORM COLEMAN
Coleman cuts pile of challenged ballots
ST. PAUL (AP) — Chunks at a time, the mountain of challenged Minnesota Senate ballots is getting smaller.
Republican Sen. Norm Coleman took back another 225 challenges on Thursday. It leaves him with just more than 2,000 he is still contesting.
Democratic candidate Al Franken has trimmed the challenges his campaign built up over the recount by nearly one third.
There were more than 6,650 ballots challenged during the recount, but as of Thursday the campaigns have withdrawn enough ballots to reduce the pile to about 4,200.
Whatever challenges remain will be sorted out beginning next week by the state Canvassing Board. The ballots loom large because the amount of challenges dwarfs the gap between Coleman and Franken after the manual inspection of 2.9 million ballots.
FIND MORE STORIES IN: Coleman | Al Franken | Minnesota Senate | Canvassing Board
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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ST. PAUL (AP) — Chunks at a time, the mountain of challenged Minnesota Senate ballots is getting smaller.
Republican Sen. Norm Coleman took back another 225 challenges on Thursday. It leaves him with just more than 2,000 he is still contesting.
Democratic candidate Al Franken has trimmed the challenges his campaign built up over the recount by nearly one third.
There were more than 6,650 ballots challenged during the recount, but as of Thursday the campaigns have withdrawn enough ballots to reduce the pile to about 4,200.
Whatever challenges remain will be sorted out beginning next week by the state Canvassing Board. The ballots loom large because the amount of challenges dwarfs the gap between Coleman and Franken after the manual inspection of 2.9 million ballots.
FIND MORE STORIES IN: Coleman | Al Franken | Minnesota Senate | Canvassing Board
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Share this story:
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Posted 3h 26m ago
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To report corrections and clarifications, contact Reader Editor Brent Jones. For publication consideration in the newspaper, send comments to letters@usatoday.com. Include name, phone number, city and state for verification.
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I cut out 2 lbs of stomach fat per week by obeying this 1 old rule
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I Cut Down 2 lbs of Stomach Fat Per Week by Obeying this 1 Old Rule
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Wednesday, December 3, 2008
OBAMA GESTAPO, THIS IS GETTING SERIOUS
Obama too Important to Respond to US Supreme Court
MichNews.com Obama too Important to Respond to US Supreme Court
President-elect Barack Obama’s refusal to produce an original and viable birth certificate indicating that he truly and indisputably is a natural born US citizen—as is required by the US Constitution—is continuing to take unusual tacks and turns. In fact, as it is appearing more and more that Barack Obama is not qualified for the US presidency, his and his minions’ machinations may just take the country off course entirely. Now, not only is Mr. Obama refusing to provide proof that he is even eligible to be the President of the United States but, he has decided to thumb his nose at members of our highest court in the land. .....................
................This may be the toughest test that our US Constitution has ever faced. If the qualifications for POTUS are suspended for Obama, the entire document will be null and void—as will, inevitably, our country. And now, Mr. Obama has essentially told the United States Supreme Court to “go pound sand”—or worse. If allowed to assume the presidency and he is NOT a natural born US citizen he will be emboldened to no longer respect—let alone follow—any law that he doesn’t like. And his National Civilian Police Force (AKA “The American Gestapo”) will—along with other democracy-busting programs—be quickly put into place. With all of these insanities being fomented by Democrats—including the worldwide economic crisis—I have to wonder how many actually realize how much jeopardy we and the country are in. The fact is that this current pending Constitutional crisis places all of us in the gravest of positions........................
MichNews.com Obama The Trojan Horse
__________________
MichNews.com Obama too Important to Respond to US Supreme Court
President-elect Barack Obama’s refusal to produce an original and viable birth certificate indicating that he truly and indisputably is a natural born US citizen—as is required by the US Constitution—is continuing to take unusual tacks and turns. In fact, as it is appearing more and more that Barack Obama is not qualified for the US presidency, his and his minions’ machinations may just take the country off course entirely. Now, not only is Mr. Obama refusing to provide proof that he is even eligible to be the President of the United States but, he has decided to thumb his nose at members of our highest court in the land. .....................
................This may be the toughest test that our US Constitution has ever faced. If the qualifications for POTUS are suspended for Obama, the entire document will be null and void—as will, inevitably, our country. And now, Mr. Obama has essentially told the United States Supreme Court to “go pound sand”—or worse. If allowed to assume the presidency and he is NOT a natural born US citizen he will be emboldened to no longer respect—let alone follow—any law that he doesn’t like. And his National Civilian Police Force (AKA “The American Gestapo”) will—along with other democracy-busting programs—be quickly put into place. With all of these insanities being fomented by Democrats—including the worldwide economic crisis—I have to wonder how many actually realize how much jeopardy we and the country are in. The fact is that this current pending Constitutional crisis places all of us in the gravest of positions........................
MichNews.com Obama The Trojan Horse
__________________
Monday, December 1, 2008
Bush regrets
Bush sorry economic crisis has cut jobs, 401 (k)s
WASHINGTON – President George W. Bush expressed remorse that the global financial crisis has cost jobs and harmed retirement accounts and said he'll back more government intervention if needed to ease the recession.
"I'm sorry it's happening, of course," Bush said in a wide-ranging interview with ABC's "World News," which was airing Monday. "Obviously I don't like the idea of people losing jobs, or being worried about their 401(k)s. On the other hand, the American people got to know that we will safeguard the system. I mean, we're in. And if we need to be in more, we will."
The U.S. economy fell into a recession in December 2007, the National Bureau of Economic Research reported on Monday. Many economists believe the current downturn will last until the middle of 2009 and will be the most severe slump since the 1981-82 recession.
On the war in Iraq, Bush said the biggest regret of his presidency was the "intelligence failure" regarding the extent of the Saddam Hussein threat to the United States. With the support of Congress, Bush ordered the U.S.-led invasion of Iraq in March 2003 — a decision largely justified on grounds — later proved false — that Saddam was building weapons of mass destruction.
Asked if he would have ordered the U.S.-led invasion if intelligence reports had accurately indicated that Saddam did not have the weapons, Bush replied: "You know, that's an interesting question. That is a do-over that I can't do. It's hard for me to speculate."
During a discussion about what Americans should know about what it is like to be president, Bush was asked what he was most unprepared for going into the office.
"I think I was unprepared for war," he said. "In other words, I didn't campaign and say, `Please vote for me, I'll be able to handle an attack.' In other words, I didn't anticipate war. Presidents — one of the things about the modern presidency is that the unexpected will happen."
On the presidential election, Bush called Barack Obama's victory a "repudiation of Republicans."
"I'm sure some people voted for Barack Obama because of me," said Bush, who leaves office with low approval ratings. "I think most people voted for Barack Obama because they decided they wanted him to be in their living room for the next four years explaining policy. In other words, they made a conscious choice to put him in as president."
As he leaves office, Bush said he felt responsible for the economic downturn because it's occurring on his watch, but he added: "I think when the history of this period is written, people will realize a lot of the decisions that were made on Wall Street took place over a decade or so" before he became president.
He said he would like to see "instant liquidity" in the markets given the extent of the financial rescue plan, yet he understands that fear has paralyzed the markets.
"It is hard for the average citizen to understand how frozen the system became and how over-leveraged the system became," Bush said. "And so what we're watching is the de-leveraging of our financial markets, which is obviously affecting the growth of the economy."
Last week, the Bush administration and the Federal Reserve pledged $800 billion to break through blockades on credit cards, auto loans, mortgages and other borrowing. The latest moves raised U.S. commitments to contain the financial crisis to nearly $7 trillion — though no one thinks the government will actually spend that much.
The figures include loans that are expected to be repaid, loan authorities to back mortgages, purchases of stock in banks, guarantees to support loans among banks and pledges backing other transactions.
"This economy will recover," Bush said in the interview conducted last Wednesday at the Camp David, Md., presidential retreat. "And when it recovers, many of the assets backed by the government now will be redeemed, and we will — could conceivably — make money off of some of the holdings."
Later in the interview, he said: "I can't guarantee that we'll get all our money back, but it's conceivable we could."
WASHINGTON – President George W. Bush expressed remorse that the global financial crisis has cost jobs and harmed retirement accounts and said he'll back more government intervention if needed to ease the recession.
"I'm sorry it's happening, of course," Bush said in a wide-ranging interview with ABC's "World News," which was airing Monday. "Obviously I don't like the idea of people losing jobs, or being worried about their 401(k)s. On the other hand, the American people got to know that we will safeguard the system. I mean, we're in. And if we need to be in more, we will."
The U.S. economy fell into a recession in December 2007, the National Bureau of Economic Research reported on Monday. Many economists believe the current downturn will last until the middle of 2009 and will be the most severe slump since the 1981-82 recession.
On the war in Iraq, Bush said the biggest regret of his presidency was the "intelligence failure" regarding the extent of the Saddam Hussein threat to the United States. With the support of Congress, Bush ordered the U.S.-led invasion of Iraq in March 2003 — a decision largely justified on grounds — later proved false — that Saddam was building weapons of mass destruction.
Asked if he would have ordered the U.S.-led invasion if intelligence reports had accurately indicated that Saddam did not have the weapons, Bush replied: "You know, that's an interesting question. That is a do-over that I can't do. It's hard for me to speculate."
During a discussion about what Americans should know about what it is like to be president, Bush was asked what he was most unprepared for going into the office.
"I think I was unprepared for war," he said. "In other words, I didn't campaign and say, `Please vote for me, I'll be able to handle an attack.' In other words, I didn't anticipate war. Presidents — one of the things about the modern presidency is that the unexpected will happen."
On the presidential election, Bush called Barack Obama's victory a "repudiation of Republicans."
"I'm sure some people voted for Barack Obama because of me," said Bush, who leaves office with low approval ratings. "I think most people voted for Barack Obama because they decided they wanted him to be in their living room for the next four years explaining policy. In other words, they made a conscious choice to put him in as president."
As he leaves office, Bush said he felt responsible for the economic downturn because it's occurring on his watch, but he added: "I think when the history of this period is written, people will realize a lot of the decisions that were made on Wall Street took place over a decade or so" before he became president.
He said he would like to see "instant liquidity" in the markets given the extent of the financial rescue plan, yet he understands that fear has paralyzed the markets.
"It is hard for the average citizen to understand how frozen the system became and how over-leveraged the system became," Bush said. "And so what we're watching is the de-leveraging of our financial markets, which is obviously affecting the growth of the economy."
Last week, the Bush administration and the Federal Reserve pledged $800 billion to break through blockades on credit cards, auto loans, mortgages and other borrowing. The latest moves raised U.S. commitments to contain the financial crisis to nearly $7 trillion — though no one thinks the government will actually spend that much.
The figures include loans that are expected to be repaid, loan authorities to back mortgages, purchases of stock in banks, guarantees to support loans among banks and pledges backing other transactions.
"This economy will recover," Bush said in the interview conducted last Wednesday at the Camp David, Md., presidential retreat. "And when it recovers, many of the assets backed by the government now will be redeemed, and we will — could conceivably — make money off of some of the holdings."
Later in the interview, he said: "I can't guarantee that we'll get all our money back, but it's conceivable we could."
Saturday, November 29, 2008
Sunday, November 23, 2008
What DOES the future hold? Our Country could be Done for.
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