“It’s going to be about the 12 toughest decisions I had to make. I’m going to put people in my place, so when the history of this administration is written at least there’s an authoritarian voice saying exactly what happened.”
– Former President George W. Bush, discussing the book he is going to write
Indeed.
The more Unfortunately-President-Bush and his folks try to reassure me about the state of the economy, the more I’m sure this downward spiral isn’t going to end soon.
Bush held a press conference yesterday to remind us that most savings accounts are insured up to $100,000. Yes, and they have been insured for that amount since 1980 — the insured amount has declined by 61% since then in real terms. That 1980 $100,000 is now worth $262,903.