President George Bush Doesn't Understand Personal Finances

President George Bush Doesn't Understand
Personal Finances
I watched President Bush do his BailOut Bust speech this morning.

This president is going to go down in history as the credit loving president I'm sure. He's still encouraging his government to vote for a credit bail out package that will allow people to borrow for cars, houses, consumer goods etc.

WAKE UP!! This is what got you into trouble in the first place. Americans are a lavish lifestyle loving country. They like their consumer goods. They like their toys. Their love their American lifestyle, which is way more extravagant than the rest of the world.

AMERICANS DEMAND INSTANT GRATIFICATION

The Americans are known as gluttons. They're using 25% of the worlds oil supplies to keep up with their lifestyles. They're addicted to oil, and addicted to credit. Americans are used to their lavish lifestyle.

This is why President Bush is encouraging the government to save the credit markets. He wants to help maintain his country's lavish lifestyle.

What ever happened with buying things with cash. IE.. you work hard, save up, put money away, and then buy your items with cash.

How many families have 3 TV's, 2 cars, cellphones, computers, more gadgets etc. These products that the consumers buy really drive the market in many ways. Many of these products are purchased on credit. With the credit crunch, many people won't be able to purchase these consumer items. So what?!! People aren't going to have their instant gratification goodies! Booo Hooo!

The only thing I would worry about is that people's necessities are met. Food, shelter, clothing etc. If these are met, people will be fine. They won't be lavish, but they'll be fine.

I can't believe that George W Bush is still promoting businesses and individuals taking on more debt. Why not step back, & start working with cash.

Mine is not a popular point of view, however, it would make our economy, and the American economy stronger in the long run.

Final thought... maybe good that this credit crisis is blowing up 6 weeks before the new president is elected. Whereas George Bush will be remembered for being a credit loving president, hopefully the new administration will get a fresh start as far as managing their money and credit better.

This article talks about:
Does george w bush understand personal finances?
Did george w bush make the country go bankrupt?
Should we blame george w bush for u.s. bankruptcy?

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5 Comments
On Mar 11, 2009, Andrew Yu-Jen Wang Said:
Speaking of George W. Bush: Canada is a fundamentally good country, and it would therefore condemn George W. Bush’s hate crimes. George W. Bush committed hate crimes of epic proportions and with the stench of terrorism (indicated in my blog). George W. Bush did in fact commit innumerable hate crimes. And I do solemnly swear by Almighty God that George W. Bush committed other hate crimes of epic proportions and with the stench of terrorism which I am not at liberty to mention. Many people know what Bush did. And many people will know what Bush did—even to the end of the world. Bush was absolute evil. Bush is now like a fugitive from justice. Bush is a psychological prisoner. Bush has a lot to worry about. Bush can technically be prosecuted for hate crimes at any time. In any case, Bush will go down in history in infamy. Submitted by Andrew Yu-Jen Wang B.S., Summa Cum Laude, 1996 Messiah College, Grantham, PA Lower Merion High School, Ardmore, PA, 1993 (I can type 90 words per minute. In only 7 days, posts basically like this post of mine have come into existence—all over the Internet (hundreds of copies). One can go to Google USA right now, type “George W. Bush committed hate crimes of epic proportions and with the stench of terrorism,” hit “Enter,” and find more than 350 copies indicating the content of this post. All in all, there are probably more than 1,000 copies on the Internet indicating the content of this post—it has practically become headline news. One cannot be too dedicated when it comes to anti-Bush activities. As I looked back at my good computer work, I thought how fun and easy it was to do it.) “GEORGE W. BUSH IS THE WORST PRESIDENT IN U.S. HISTORY” BLOG OF ANDREW YU-JEN WANG _________________ I am not sure where I had read it before, but anyway, it goes kind of like this: “If only it were possible to ban invention that bottled up memories so they never got stale and faded.” Oh wait—off the top of my head—I think it came from my Lower Merion High School yearbook.
On Feb 5, 2009, Monty Loree Said:
hey fennell... credit and debt aren't the root of all evil... it's the lack of education and discipline using these tools that causes the problems. If people really understood the long term ramifications of being in debt, they would usually reconsider their ways.
On Feb 5, 2009, fennell Said:
Very interestin blog credit and debt are root of all finance related problem, at times we lose track of how much we will actually have to pay back
On Sep 30, 2008, Monty Loree Said:
hmmm... That is completely irrelevant.. please don't spam the blog area.
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