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Four Color Politics

Mainly the Quotes of the Morning, with occasional Other Crap.

Thursday, April 07, 2005

Quotes of the Morning

"’A lot of people in America think there is a vault -- and banks take the money you deposit then hold it for you until you want it back and then they give it back to you,’ Bush said later in a speech at the University of West Virginia at Parkersburg. ‘But that's not the way it works. There is no money in the vault, just IOUs that I saw firsthand.’”
-George ‘Dubya’ Bush, April 5, 2005

“You know, if anyone actually listened to Bush on economics we would be in a world of hurt.. Those IOUs are bonds that are backed with the statement, ‘supported by the full faith and credit of the United States’. To default on them would be defaulting on government bonds, and discrediting our entire economic reputation. The United States is only able to run a deficit because foreign banks (mainly China and Japan) are willing to buy bonds sold by the U.S.. If they, for just one moment, thought that those bonds were no more then IOUs that we were not willing to repay they would quickly quit buying bonds, and our economy would collapse over night. Thank goodness no one listens to him, eh?”

“We need to reform our legal systems so the people, on the one hand, can get justice. On the other hand, the justice system doesn't affect the flows of capital.”
-George ‘Dubya’ Bush, Washington, D.C., December 16, 2004

“Investment means you're purchasing something, and somebody has to make that which you purchase and sell that which you purchase. And that's how the economy works.”
-George ‘Dubya’ Bush, August 18, 2004

“The really rich people figure out how to dodge taxes anyway.”
-George ‘Dubya’ Bush, Annandale, Virginia, Aug. 9, 2004

“We had some CEOs that weren't honest with their shareholders and their employees. And we passed tough laws that said, we're not going to tolerate dishonesty in the boardrooms of America. You're now beginning to see on your TV screens what we're talking about. People are being held to account. And that hurt our economy.”
-George ‘Dubya’ Bush, Ardmore, Pennsylvania, Mar. 15, 2004

“If you're working all your life to build up your small business, and you want to leave it whoever you want to leave it to, they shouldn't -- that asset shouldn't be taxed twice, shouldn't tax your income when you're making money, and shouldn't tax it when you pass it on to your son, daughter, whoever you want to pass it on to, it doesn't make -- we're working with the Congress to get rid of it.”
-George ‘Dubya’ Bush, Milwaukee, Wisconsin, Oct. 3, 2003

“Worker productivity accelerated last year at the fastest rate in more than a half century. This higher productivity means our workers receive higher wages.”
-George ‘Dubya’ Bush, Washington, D.C., Aug. 30, 2003

“We could only hope.”


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