Bush says, "It Will Take Time for our Efforst to Have Their Full Impact," in reference to the $250 billion he's investing in banks. On the same page ABC news declares "Bush announces $250B bank buy in: World markets soar; Dow up triple digits in early trading." So, it looks like Bush has finally told the truth. We're already seeing the limited benefits brought by the bailout, but we're gonna have to wait for the "full impact" -- all the negative consequences -- of the bailout to reach us.
The real question is, how long do we have to wait before things go south? I'm no economist, but I'll place my bet on two weeks -- of course all my other bets so far have been far to optimistic.
P.S. Bush included plenty of lies too. You really have to mine for those truth nuggets with this guy!
