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01/09/2009 06:38 AM ID: 76107 Permalink   

"No One Saw the Recession Coming" - Cheney

 

In an interview with the Associated Press in his waning days in office, US Vice President Dick Cheney is quoted as saying "I don't think anybody saw it coming." His statement was in reference to the current global economic crisis.

Further to this statement, he defended President George W. Bush's economic record, stating that he saw no reason for the president to apologize for not foreseeing the economic turmoil.

In the broad ranging 25 minute interview, Cheney shared his post-retirement plans, which include writing a book, spending time with his family, traveling between his two homes, and fishing in the Snake River on the Wyoming-Idaho border.

 
  Source: www.theglobeandmail.com  
    WebReporter: Mister crank Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  32 Comments
  
  And now, for my liberal bias  
 
I tried to keep my synopsis as straight as possible because, really, there's no need to spoof the guy. He's pretty good at showing his idiocy off all by himself.

I can honestly put my hand up and say I saw it coming. Maybe not on the global scale we're seeing, but I sure as h*ll could see that the US was going to go down hard.

Let's just look at some basic facts: When you pump 10 billion dollars a month into dropping bombs on poor people half the world away, that's 10 billion a month that doesn't go back into the pockets of people in your country. A bomb, once used, does not create more economic activity. It's a dead end expenditure, and very expensive one at that.

I'm not an economist, but it's easy to see, time and again, that people who say "war is good for the economy" have very short memories. Or their heads up their asses. Or both. Over to you Mr. Cheney...
 
  by: Mister crank     01/09/2009 06:50 AM     
  Nobody saw it coming  
 
Nobody thought terrorists would hijack planes and use them as weapons (lie).

Nobody thought Iraq would turn into a drawn-out quagmire (lie).

Nobody thought that H. Katrina could breach the levies in New Orleans (lie).

Nobody thought that deregulated businesses and financial institutions would do a less-than-stellar job in self-oversight (lie).

No, Mr. Cheney. You didn't get hit with a bunch of problems nobody saw coming. You and the rest of your little cadre were just deadly wrong about every important issue.
 
  by: Ben_Reilly     01/09/2009 07:15 AM     
  The only thing  
 
We know is true from this man and that is his name is DICK!
And we all know what that is used for.
And his time in office he has proven that time and time again in both of it tasks.

 
  by: thinking   01/09/2009 08:48 AM     
  Dick Cheney is slightly honest  
 
At least he didn't lie about shooting his hunting friend. He just wasn't a good enough shooter to kill him.
 
  by: white albino   01/09/2009 09:49 AM     
  How  
 
did this lot get *repeatedly* elected to power? There must be a large proportion of Americans who are so stupid and running from smoke-and-mirrors terrorist threats toward the false protection of this failed administration. The result is that, it's not the terrorists that will reduce the quality of life for Americans, it's the greed and wrecked economy caused by the self same people who had everyone running scared in the first place.
 
  by: Maxx20     01/09/2009 09:59 AM     
  @Mister Crank  
 
I'm not an economist either, but a "bomb once used" has to be replaced, and then again and so on. They are also sold to other countries. Without war America would really come to a stand still.
Dont forget all the other weapons and Planes America sells.
 
  by: Blackwidow   01/09/2009 10:22 AM     
  Honesty? Really?  
 
Our recession was sparked off when banks and investment houses created new ways to invest. Then those unproven investment instruments were widely accepted by banks and investment firms. Untried and unproven, those instruments proved to be of poor value. It was a kind of immorality, a stupidity caused by banks and investment firms. Chaney's contribution was secrecy, using the vice-president's office in cloistered, secret ways. But Chaney can't understand his immoral contribution and says so.
 
  by: Terryeo   01/09/2009 01:42 PM     
  Well  
 
I don't think the guy Cheney shoot saw it coming either.
 
  by: aaxel21   01/09/2009 01:44 PM     
  Hello, my name is No One.  
 
 
 
  by: valkyrie123     01/09/2009 02:35 PM     
  @blackwidow  
 
I don't see how using bombs on other countries helps our economy. We go, drop one, replace it- yes, it's great for an arms manufacturer, most of which are quite cozy with the current administration, but for the country as a whole, it's the equivalent of just taking your money into the backyard and burning it.
 
  by: gryphon50a   01/09/2009 02:55 PM     
  @gryphon  
 
I couldn't agree more. bush and his administration are a complete joke. it still a mystery to me how this man got elected into office. somebody shoot me in the face. oh wait Cheney's set that record already
 
  by: Muhammad009   01/09/2009 03:24 PM     
  What the hell?  
 
I hate to say it. I really do. But the 'tin hat brigade' has predicted this for years.
 
  by: Red!   01/09/2009 04:09 PM     
  Thats funny  
 
he also didn't see that his friend in the woods wasn't quail...
 
  by: Jediman3     01/09/2009 04:15 PM     
  @Red  
 
Well, hey, a broken clock is right twice a day!

No. But really. Who didn't see that it would eventually come to this.

In fact, I predict that... in the future... America will be doing better.

And I think America will do better for a while. And then I predict... it will do bad. And we will call this process... "the way things are". Ah, yes. Yes.
 
  by: Dayron   01/09/2009 04:58 PM     
  Coulda sworn  
 
Ron Paul saw it coming
 
  by: ToofDogger     01/09/2009 06:49 PM     
  Pretty sure  
 
The people selling the toxic real estate loans saw it coming...
 
  by: teh_epic     01/09/2009 08:23 PM     
  @gryphon  
 
As much as this pains me to say this...

Making bombs does actually help an economy. You must remember that a bomb, even though it is a stupid use of money, is very labour intensive to make.

There are the companies that design them, the component manufacturers, the assemblers, the chassis makers, the explosive designers, etc.

For every bomb made there are thousands and thousands of people who are employed and paid quite nicely, because most people who are capable of working in that field are quite skilled and paid accordingly.

Then, think of the infrastructure put in place to service all of these people. The couriers that move the stuff around. The local businesses that service the people. There *is* a rather large side economy created by the making of these things.

Now, before you all get your pitchforks and torches out and form the lynch mob, I want to add that I think there is *sooooo* much better things that the money could have been spent on that would have helped the people directly. Schools, roads, healthcare, free icecream for the whole nation....

To put my feelings on Cheney's comment is best summed up with this:
"No one saw the recession coming" = "Who would have guessed Liberachi was gay?!"
 
  by: gbestwick   01/09/2009 08:30 PM     
  Hmmm  
 
yeah right they saw it a mile away.
 
  by: rogeratvfan   01/09/2009 10:09 PM     
  @Snake River  
 
anyone live close to that river? If I were anywhere near it, I would pee in it at least once a day... just to get it ready for the Chenster.
 
  by: zatonado001     01/09/2009 10:15 PM     
  Its The Cowards That Ruined The Country  
 
The sniveling cowards that willingly surrendered our freedom and privacy for a perceived security. The cowards that invaded a foreign country to defeat a manufactured enemy. Yellow back whiners that tucked their tail between their legs and sent their children to kill and be killed on a fools errand. Spineless little people that opened dungeons of torture in Abu Ghraib and Guantanamo. The violations of human rights by rendition and the denial of of the Geneva Convention to make the code orange pass a little easier. The "Chicken Hawks" that make the freedom of travel almost impossible with a no fly list that denies a citizen a chance to challenge it to be removed out of the fear some lunatic will bomb a plane with his left shoe. The after the fact immunity from prosecution for the telecommunication companies for violating the law that secured Americans privacy. The supporters of the Bush regime are only worthy of contempt for bringing the collapse of the honor of The one proud United States to one of the lowest points in its history. In the words of the political right's elected leader "Stop waiving the Constitution in my face, its only a piece of paper".


Yes you cowards are to blame for this administration. God forbid someone that supported a woman's right to choose got elected. It is so much more religiously satisfying to destroy the lives of someone else by invading another country. Your god is going to love you for this one.
 
  by: ichi     01/09/2009 10:55 PM     
  @gbestwick  
 
I hear you, yes I understand that someone does need to be manufacturing bombs so there is money to be made there, but as you say there are just so many ways to use that money that are more beneficial to the economy. For instance, if you work on infrastructure like roads or bridges (some of which have collapsed in recent years), you're still employing people who make nice wages, without wasting the rest of the money on dropped bombs and destroying our reputation abroad in the process.
 
  by: gryphon50a   01/09/2009 11:08 PM     
  @blackwidow and gbestwick  
 
Actually no it doesn't.

See the parable of the broken window.

http://en.wikipedia.org/...

Sometimes when you come up with complex reasoning to justify something that is on the surface wrong, well, it is wrong.
 
  by: jendres     01/09/2009 11:17 PM     
  @Blackwidow  
 
you mean the weapons and planes that will be used against us in the near future?
 
  by: Hytekhik   01/10/2009 03:16 AM     
  Many saw and predicted it coming....  
 
but they were mostly successful businessmen and we all know that ALL successful business people are greedy no counts who never pay a penny in tax and steal all of their money from the poor, don't we? Of course we do, lately, even the right has taken up this line of horsesh*it to keep their sheeple complacent.
Ask Warren Buffet when he first forecast this or Donald Trump or Robert Kiyosaki, to name a few. Like em or not, these people made their money from hard work and educated business activity. They all continue to work daily, even though none of them need to.
I don't doubt Cheney didn't see it coming. He's been busy with a gun in one hand, tainted money in the other and his head up big oil's ass. Big oil must have a big arsehole... at least two heads up there for the last 8 years.

BB
 
  by: bbeljefe     01/10/2009 08:12 AM     
  Consider this parable  
 
War pulled America out of the Great Depression.
@Jendres.The parable you demonstrate doesnt apply to war, you are creating things not breaking them.
I'm not saying war is the way to go, its just that America has built its economy around it.
 
  by: Blackwidow   01/10/2009 09:41 AM     
  well...  
   
  by: mrmarler     01/10/2009 12:44 PM     
  @ichi  
 
Ichi...did a Rabbi molest you or something? Why do you always have to bash the religious? Many Catholics are Democrats for example, so I guess they are OK with you, since they voted for Gore and Kerry?

On another note, I agree with you on our loss of freedoms. Here's a quote from a TRUE Republican: They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety - Benjamin Franklin
 
  by: adhemar   01/11/2009 02:54 PM     
  @adhemar  
 
I think your heart's probably in the right place, but please don't try to claim Franklin for the Republican Party, which wouldn't come along for about 65 more years after Franklin's death. Franklin showed he was a true *American* with that statement, not a true member of a political party.
 
  by: Ben_Reilly     01/11/2009 03:33 PM     
  @adhemar  
 
Also there was not a republican party at this point in time. However some framers were involved with the Democratic-Republican Party which was the foundation of the Democratic party. That is if you want to discuss historical semantics...

However I do not think Franklin was involved in this party. It was however founded by Jefferson. This is also where the phrase Jeffersonian Democrats comes from. Needles to say most people that dub themselves with this are very far from it.

If Jefferson was alive today, I imagine he would be very displeased with how our nation has been run. America is nothing like how the framers envisioned. In fact it is any but what the framers wanted.

America = Plutocracy of the Corporate Elite

</rant>
 
  by: slavefortheman     01/11/2009 04:21 PM     
  BS  
 
The head of the Federal Reserves saw it coming and did nothing but watched to see if came to fruition. He probably told Mr. Cheney but nothing was done. The whole mortgage mess was started with greedy lenders and investors and thought they could get away with their scheme. This is where government failed to police the economy and now have to bail out businesses who messed it up in the first place.
 
  by: aysos   01/14/2009 06:57 PM     
  Ha!  
 
Cheney shot his friend so not the best person to ask
 
  by: CrazyCooky   01/30/2009 05:56 AM     
  Bah  
 
Cheney is another stupid right-wing hack. His ilk never see anything coming. They are too busy with their heads stuck in the sand. Jus't like the head of the SEC that knew about Madoff's scam in 2005 and looked the other way.
 
  by: JonSmith     01/30/2009 06:31 AM     
 
 
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