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Wednesday, March 04, 2009

3rd Bush Term -- Moneywise

[People are slowly waking up to the idea that we are in the third term of the Bush presidency

, from a financial policy standpoint.] MS

http://jimrogers-investments.blogspot.com/2009/02/jim-rogers-interviewed-by-maria.html

or March 9, 2009 Businessweek print magazine.

MARIA BARTIROMO: What do you think of the government's response to the economic crisis?

JIM ROGERS: Terrible. They're making it worse. It's pretty embarrassing for President Obama, who doesn't seem to have a clue what's going on—which would make sense from his background. And he has hired people who are part of the problem. [Treasury Secretary Tim] Geithner was head of the New York Fed, which was supposedly in charge of Wall Street and the banks more than anybody else. And as you remember, [Obama's chief economic adviser, Larry] Summers helped bail out Long-Term Capital Management years ago. These are people who think the only solution is to save their friends on Wall Street rather than to save 300 million Americans.

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