George W. Bush is beginning to realize he made some mighty big mistakes. He admitted today that he's sorry the stock market and economy have collapsed because it happened under his watch. And he thinks that there was an intelligence failure when it comes to those Iraqi WMDs.
He'd like us to believe that he was just a passive victim of all this bad stuff that happened around him. If he is really that clueless, I need help understanding how he got "elected" twice. In any case, there's plenty of evidence that Douglas Feith created the WMD evidence to please Dick Cheney.
And Bush repeatedly ignored warnings that subprime mortgages were being abused and that securitization was creating a huge risk for the economy. He also failed to apologize for two other memorable events during his presidency -- his August 2001 decision to ignore that President's Daily Brief called "Osama bin Laden determined to strike in U.S." and his famed New Orleans Katrina flyover, capped by his heck of a job Brownie comment.
Bush has left the U.S. in a sorry state -- and I'm sorry, but sorry won't cut it.
Peter Cohan is President of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter.
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Reader Comments (Page 1 of 1)
12-01-2008 @ 4:47PM
sasha said...
wow. At least this idiot admitted he knows what he did. Too bad you can't unring the bell.......I voted for gore and then kerry..Obama has a BIG job ahead of him. I pray we all make it through.
12-02-2008 @ 3:23AM
Craig said...
As a Professor at a Business School you should know that the CEO cannot know everything about everything and can only make decisions as good as the information he or she is given (first day first page accounting 101) Where were the Senators Frank and Cox during this time? There is a lot of blame to go around. Where were all of the pundits when Mr. Bush, early in his administration, urged the loosening of credit to allow more minority and / or economically challenged persons to obtain a piece of the American Dream...home ownership? Where were the Business School Professors who brought up the crop of financial whizz-kids that came up with securitizing mortgages? There should be an ethics requirement to graduate from B school. And yes I am a business school graduate and former CEO...
12-01-2008 @ 5:17PM
BHarrison said...
George Bush should have been IMPEACHED three years ago.
What about all of his arrogant claims and statements that: "HE was 'The DECIDER'", etc., etc., etc. He certainly claimed the power and the position to "be in control of it all", right???
Like a captain of a ship, the President is responsible for what his administration does. Congress is responsible for what they have and have not done also.
But, George Bush can "retire" to counting the increased wealth of the Bush family which has been reported to have increased to well over a BILLION DOLLARS . . . . I'll be that he isn't "sorry" about that. The man has been responsible for unprecedented massive destruction, the deaths and maiming of hundreds of thousands of people, the displacement and living in misery of millions of people, and now the UNPRECEDENTED damage to the economy of the USA and the Global economy.
So, who still thinks that he shouldn't have been IMPEACHED three years ago????
12-02-2008 @ 10:06AM
S. Norris said...
Unfortunately the "coach" gets the blame while the multi-million dollar players reap the rewards. I take offense to your comments. You obviously have not taken into consideration the "mess" he inherited from the previous administration or that he has dealt with a democratic congress who is "labor union friendly" and socialistic in it's politics. I don't think he needs to apologize for anything. Let's see how the "clintonites" look in four years.
12-01-2008 @ 5:34PM
Mobil said...
Another case of the buck stops here. Does anyone remember Clinton appointedd G. Tennent and his slam dunk WMDs in Iraq (which of course there were -- maybe not the stockpiles the left was whining for -- after all, we postured for 14 months before we executed the authorization congress bestowed upon President Bush). I could hide the country of Iraq if you gave me 14 months. The troubled economy is the fault of democrats. The petty cash fund for Barney Fwank, B. Hussein Obama and Chris Dodd otherwise known as Fannie Mae and Freddie Mac is what led to stock market and housing woes. The fact that a Republican hasn't been crucified in the media is proof positive that the DEMOCRATS have caused this economic chaos. And you idiots on the left have elected a majority of the idiots who caused it.
12-01-2008 @ 5:41PM
JMF said...
The Bush-bashing has become nauseating! He didn't do everything right; however he didn't do everything wrong either. The MSM only reported negatives and half-truths at best...a hatred and bias that is inexcusable for their profession...so who's bashing them? The economy was doing pretty well until 2006...and what changed...oh yeah the party controlling Congress. In addition, President Bush, Greenspan, McCain and others were calling for investigation into or stricter oversight of Fannie/Freddie where this whole economic mess started. They were told not to rock the boat; the housing report was the only positive thing that could be presented to the American people after 9/11. Where is the bashing or screams for accountability of Dodd, Franks, Schumer and the rest of those crooks who were the ones telling us everything was just fine? Housing was their "WMD"; economic collapse was their "Iraq war" so why isn't everyone calling for criminal charges, or their "impeachment". I've gone to bed for the past 7 1/2 years without fear of being attacked on our Homeland; however I have to fear the economic situation that Congressional crooks have created. Finally, for those who think I'm a far right loon...I'm Independent.
12-01-2008 @ 6:15PM
j said...
Regan/Bush puppetmasters
WORKING GROUP ON FINANCIAL MARKETS EXECUTIVE ORDER # 12631 SIGNED AND SO ORDERED BY RONALD REGAN 1988).GIVING GOVERNMENTAL DEPARTMENTS FULL AUTHORITY TO REDISTRIBUTE THE PUBLIC MONEY HOWEVER THEY SEE FIT (SPREADING THE PEOPLES WEALTH) TO PREVENT THE LOSS OF INVESTORS AND THE BIG CORPORATE WOLVES OF WALSTREET .NEW WORLD GERMAN IDEALISM AT WORK.
12-01-2008 @ 6:17PM
j said...
SORRY DOESNT CUT IT !!!!!!
RESTORE PRESIDENTIAL EXECUTIVE ORDER 11110 , THE FEDERAL RESERVE IS A PRIVATE CORPORATION THAT LENDS MONEY TO THE AMERICAN GOVERNMENT.ITS TIME TO RETURN THE POWERS OF MONEY CREATION TO THE U.S TREASURY TO ITS ORIGINAL CONSTITUTIONAL STATE ::::::::::::::::::
U.S. Constitution - Article 1 Section 8 STATES ONE OF THE POWERS OF CONGRESS SHALL BE TO:
coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; GOVERNMENT RUN MEANS NO INTEREST DEBT THAT GROWS DAILY AGAINST THE AMERICAN ECONOMY.
12-01-2008 @ 6:21PM
JCH said...
Where was Franks? First, what a ridiculous question. For six years he was a minority member of a committee that was controlled by Bush's yes man.
Once he became the Chairman of the committee, he immediately sent out a Fannie and Freddie reform that passed the house.
How much did Bush know? Everything. He was the primary architect of the entire fiasco. Read about it here:
http://www.whitehouse.gov/news/releases/2002/10/20021015-7.html
Note the address of the website. Read the speech.
12-01-2008 @ 6:40PM
ceb said...
What a load of hogwash. Bush and the Republicans were blowing the whistle on Fonnie and Fraudie but the Democrats refused to consider reform because they were too busy cashing the checks. Yes, he is sorry it happened on his watch but what more could he do?
On the other issues raised: Everyone got fooled on the WMDs because Sadam moved them. The Democrats had the same info as Bush and supported the decision (which was the right decision by the way). Katrinia - now the President controls the weather? Where is the condemnation of the corrupt Democrats who were responsible for the care of New Orleans?
What's sorry is that a college professer could produce this biased sloppy piece.
12-01-2008 @ 6:47PM
BHarrison said...
JMF said...
The Bush-bashing has become nauseating! He didn't do everything right; however he didn't do everything wrong either.
==============
Well, unfortunately and regrettably, I admitthat I voted for Bush; but have been a STAUNCH ANTI-Bush Republican for over three years, and have pushed for his IMPEACHMENT. I'm a Nam veteran; and normally rather "hawkish" about protecting American interests throughout the world. However, anyone who starts an unwarranted war is, in my opinion, guilty of CRIMES AGAINST HUMANITY.
And with all of that aside, can YOU tell me of ANYTHING SIGNIFICANT that George Bush accomplished for our nation or for the people during his eight years of being President ofthe USA?
12-01-2008 @ 6:59PM
jim said...
he should never have been elected!!!!!!!!!!
12-01-2008 @ 7:39PM
SassyFrassy said...
BUSH has nothing to be sorry about because if this NATION would have 'listened" to bush and tied our exit to political progress we would not be in a 'recession" because we would be in re-building phase.
THE MELTDOWN AND THE FLEECING OF AMERICA
Comment: LET'S TALK ECONOMICS--and what has led to our "meltdown"
prior to 911 when DEMOCRATS WERE IN OFFICE the Usa sent our law enforcement to Yeman to arrest Osama bin laden. The Yeman ambassador promptly got into a 'turf battle" with USA law enforcement to claim the USA LAW ENFORCEMENT was "infringing" on YEMAN ambassadors "turf".
So what happened OUR USA LAW ENFORCEMENTS WERE TOLD by DEMOCRATS--to go home empty handed. The DEMOCRAT Administration didn't know at the time their irresponsible actions had paved the way for terriorist to make plans and lay groundwork for 911.
The Wall Street journal at that time printed a small article on it and to the recent it has been discussed but apparantly NOT ENOUGH.
I submit for your reading NY Times 1999 - MUST READ!
Well, it???s about time, the mainstream ???brainwashing media??? is finally coming out with the truth on this meltdown???
I think if they would???ve come out with the truth right away instead of letting obama camp point fingers at the Bush Admin. THE Gallup polls etc would HAVE LOOKEDA whole lot different FROM RIGHT NOW!
I just hope the ???American People??? Get it ~ before it???s too late!
Look! The New York Times is catching up to the American people..it???s important for ALL Americans to know who is responsible for this Economic Meltdown we are experiencing???in fact, some of you might remember that I posted the notice from Bill Clinton himself [I posted again, what Bill said at the bottom of this post]
Who???s administration
caused the problem??? See below.
Amazing
foresight!! Take a gander at this while they try to lay blame for the whole meltdown???
9 years ago???this one is priceless and worth the read- right out of New York Times
September 30, 1999
Fannie Mae Eases Credit To Aid Mortgage Lending by steven A Holmes where the DEMOCRATS admitted that faulty lending pracitces along with ACORN activities have brought use to the crossroads our Nation is today.
HERE IS WHAT BILL CLINTON HAS TO SAY:
Bill Clinton knows who is responsible for this NATIONAL CRISIS!
PRESIDENT BILL CLINTON: “I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”
ANNCR: You’re right, Mr. President. It didn’t have to happen.
Watch this video with Bill Clinton ~~ AND NO THIS WAS NOT TAKEN OUT OF CONTEXT…
http://www.youtube.com/watch?v=szMGSbtYFtc
SO here we have it DEMOCRATS BROUGHT ON 911 AND CAUSED OUR MELTDOWN thru their FAULTY LENDING PRACTICES and now are once again all for this FLEECING OF AMERICA thru this bailout bandwagon!
Just found out days ago that this bailout will derail the economy by encouraging businesses to engage in the same kind of IRRESPONSIBLE risky business practices knowing full well that when the irresponsible business practices are overdrawn the PUBLIC WILL once again be left PAYING FOR IT.
WANT TO KNOW what happened to all those SO CALLED ACORN AND DEMOCRATS properties they claimed they wanted? WELL THEY ARE ALL BOARDED UP. MEANTIME our economy is still reeling from the effects of the DEMOCRATS CONSTANT IRRESPONSIBLE ACTIVITIES.
NOW THE BAILOUT which gives all businesses a blank check to engage in every conceiveable irresponsible business manner knowing the public will be forced to pick up the tab when the company runs out of money.
This will bankrupt our Nation, people and we will wind up like CUBA.
here is what the ACLU THINKS how stupid AMERICAN'S ARE SPELLED OUT BY NORMAN THOMAS ONE OF THE FOUNDER'S OF THE ACLU
quote American's will never knowingly accept Socialism but under 'liberalism' accept every fragment of the Socialistic agenda; until one day they wake up in a Socialist nation and "wonder" how it all happened. by norman thomas one of the founders of the ACLU.
We need as a nation to make sure we legally and legislatively never leave WASH DC alone until everyone of our freedoms are iron-clad protected.
What we need to investigate is how the DEMOCRATS can count on the USA continuing to be as "stupid as the ACLU THINKS AMEIRCANS ARE' so that the ACLU and DEMOCRATS can further their communistic/socialist/marxist agenda.
feel free to cut paste and comment please
12-01-2008 @ 7:59PM
SassyFrassy said...
THE REALITIES OF GITMO
RIGHT NOW friend and foe here and overseas, want to subject the US MILITARY personnel to indictment and prosecution by the ICC.
GERMANY AND ITALY have actually already indicted US CIA agents for supposedly capturing radical islamic terriorists.
This is an infringement on our SOVEREIGNTY and a dagger aimed at our US MILITARY.
As a result, they may soon want to charge our troops overseas whom are fighting against terriorism, with trumped up "war crime" charges.
Charges like claiming Americans committed genocide, or claim we committed crimes against humanity. There's a leftist group in Paris, plus Argentina, Sweden, whom want to charge Rumsfeld for allegedly authorizing torture at Guantanamo bay, and abu Graib prison in Iraq claiming 1984 convention against torture, which FRANCE has used in previous torture cases.
it's really time to put the UN on notice that the days where the USA would mindlessly supply it with money, men, military equipment and blood without conditions are simply over.
In fact the latest---the new UN SEC GENERAL has already stipulated he wants NYC police officers to serve in UN peacekeeping mission in places like haiti, kosovo, and liberia.
here is one more reason why
CLINTON IN 2000 gave his blessing to the whole globalist thing on the UN "INTERNATIONAL CRIMINAL COURT (ICC). The DEMOCRATS all along want to make US citizens SERVANTS TO THE UN AS OUR GOVERNMENT instead of a country governed by WE THE PEOPLE.
Thankfully Bush saw the serious threat this Socialist star chamber posed to our military and he told them to stuff a sock in it. Apparantly at that time the UN was insulted by it. Although the REPUBLICANS tried twice to negotiate immunity for US peacekeepers thru the Sec Council.
Well, the anti-Americans at the UN wouldn't have any of it and the Abu Graib prison gave Kofi Annan the opening he wanted. The he tried to wrap himself in the human right mantle by claiming it would be unfotunate for someone to press for such an exemption given the prisoner abuse in Iraq.
We all know that if Mr. Amman really cared a thing about human rights he would have protested the revolving membership of certain countries with human rights track records. However, the Sanctimonious UN and Annan are always silent on the topic of human rights; except when it comes to taking cheap shots at the US
What they are really after is for the US to submit to the will of the UN and it's International criminal court. What they want is for the US to relinquish it's SOVEREIGNTY relagating WE THE PEOPLE of the US to the status of servants to the UN INSTEAD of being governed by WE THE PEOPLE
THIS would for example entail that any US servicemen serving in let's say Pakistan could be apprehended by local Muslim authorities for an offense, real or imagined slammed into the ICC and flown to the Hage, netherlands where they would rot for months waiting for trial and done ENTIRELY without due process. they would get not trial and no confronting of accusers, No protection from double jeopardy and no unanimous verdict for a conviction.
Take a second to THINK about this all of the globalists within and without the USA think the murderous Al Qaida terriorists should have these rights HOWEVER NOT OUR US SOLDIERS.
Even though we can't guarantee that no American soldier is ever taken prisoner by a foreighn state and put before the ICC, we at "least" make sure no US soldier and or civilian in some doomed-to-failure peacekeeping operation meets with this fate.
However, the ICC doesn't want to recognize the CONSTITUTIONAL rights that we as Americans are guaranteed. GET IT?? They too think our constitution is FLAWED.
Meanwhile the globalists Anti-American ICC supporters criticized Mr. Bush claiming we were "undermining international LAW, the reality, THEY were writing new INTERNATIONAL LAWS TO protect themselves.
Want to know WHAT were the "agreement on the Privileges and immunities of the ICC" ratified with the assent of ONLY 10 NATION--it flat out provides the ICC immunity from "every form of legal process anywhere".
They stated that the "property, funds, and assets" of the ICC "shall be IMMUNE from search, seizure, requisition, confiscation, expropriation and any other form of interference. And, the ICC and it's assets they said "are to be exempt from all direct taxes" including local taxes and customs.
Long and short of it----the ICC MEMBERS have declared themselves IMMUNE form "personal arrest or detention, Legal process of every kind and immigration restrictions.
Oh then then lastly, the "salaries, emoluments and allowances" of the judges prosecutor deputy prosecutor and the registras of the ICC ARE EXEMPT from taxaition.
What hypocrites, it seems to run DEEP in the UN, but it indicates the lengths to which globalists will go to undermine National SOVEREIGNTY.
There's no mistaking it, the ICC SEVERELY undermines our Sovereignty and has over the years placed our troops at great risk.
It CLAIMS complete jurisdiction over every person in the world and it makes no difference to them whether or not that nation has even ratified the treaty.
And, FRANKLY our own constitution may soon be up to the interpretation of 18 foreign -and for the most part hostile-ICC JUDGES.
Long and short of it, the ICC is literally a dagger in the heart of our US SOVEREIGNTY, our freedom and our independence.
DO you want to know what the ACLU thinks about how 'STUPID' they view Americans. Here is what Norman THOMAS one of the Founders of the ACLU says QUOTE Americans will never "knowingly" accept Socialism, but under "liberalism" Americans will accept every fragment; and one day wake up in a Socialist Nation and "wonder" how it all happened.
What we need to investigate is how the DEMOCRATS and ACLU think that they can continue to count on Americans being as stupid as the ACLU thinks Americans are.
Prior to elections we repeatedly had to complain to the REPUBLICANS that our posts were stonewalled by sites because no one wanted to know the truth.
to the present the problem exists.
What we as American's need to do is to LEGALLY and LEGISLATIVELY NOT LEAVE WASH DC alone until everyone of our FREEDOMS are iron clad protected from flag to allegience to seal to all freedom
12-07-2008 @ 7:27PM
wuthering said...
I LOVE PRESIDENT GEORGE W. BUSH.......thats 4 all the negative Bush haters. Yur just jealous of him, O' Well
what goes around...comes around !!!
*****STOP COMPLAINING N MOVE ON W/YUR LIFE*****
12-01-2008 @ 8:42PM
Beltway Greg said...
The Valerie Plame affair makes Watergate look like kid stuff. Unfortunately our society lacks the attention span to follow the story.
12-01-2008 @ 9:54PM
JMF said...
BHarrison said...
“However, anyone who starts an unwarranted war is, in my opinion, guilty of CRIMES AGAINST HUMANITY”.
----------------
If anyone who starts the war is guilty that would include everyone who voted for the war, which indicts every sitting Congressional member at the time of the vote.
As for mentioning any accomplishments, there doesn't seem to be any point. It's obvious that you see none anything I list won't be acceptable.
Thanks for your service in Vietnam!
12-02-2008 @ 4:56AM
georgii1 said...
I can't believe the folks still supporting this piece of junk. We are heading for a depression and we have no tools left to dig our way out of it, and we have Bush's policies to thank for that. It's easy to follow the money with Bush and easy to look back at 2003 and 2005 to find out what bills took us this way, but I think it's absolutely insane for anyone to claim he's not at fault. We do need to bring government or civic classes back to the schools.