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Cheney says no one saw financial crisis coming

Thu Jan 8, 2009 5:50 PM EST
politics, cheney, interview, dick-cheney
Deb Riechmann, Associated Press
< PreviousNext >
showing 1 of 2 photos
<p>Vice President Dick Cheney pauses during an interview with the Associated Press at the White House, Thursday, Jan. 8, 2009 in Washington. (AP Photo/Ron Edmonds)</p>

Vice President Dick Cheney pauses during an interview with the Associated Press at the White House, Thursday, Jan. 8, 2009 in Washington. (AP Photo/Ron Edmonds)

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WASHINGTON — Vice President Dick Cheney says that his boss, President George W. Bush, has no need to apologize to the American people for not doing more to head off the financial calamity, saying no one saw the crisis coming.

During an interview Thursday with The Associated Press in his West Wing office, Cheney defended the administration's performance on an economy that is growing weaker daily and which recently collapsed in spectacular fashion. Cheney said that "nobody anywhere was smart enough to figure it out."

He said Bush doesn't need to apologize because he has taken "bold, aggressive action."

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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  • Deb Riechmann's Column, All of Newsvine
  • Groups: Just Us CA Storms
  • Regions: Washington DC
  • Public Discussion (146)
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SH-2000

No one saw it coming? Really?

Bush vowed to "defeat this recession" and provide "economic security for the American people."

"When America works, America prospers, so my economic security plan can be summed up in one word: jobs," he said.

http://archives.cnn.com/2002/ALLPOLITICS/01/29/bush.sou/index.html

One again it's empty words that helped get us here.

  • 24 votes
#1 - Thu Jan 8, 2009 6:10 PM EST
Grammie's Cookies

This, coming from the man that accidentally shot his friend in the face. Yeah, Cheney didn't see him either.

  • 25 votes
#1.1 - Thu Jan 8, 2009 6:46 PM EST
rbrazys

Agreed, and I am pissed that they are getting away with this, someone needs to stand up to Cheney and call him a liar to his face.

A month ago the AP was ripe with stories about when the signs appeared who pointed them out and how the Bush Administration ignored them.

  • 11 votes
#1.2 - Thu Jan 8, 2009 6:48 PM EST
ABD3

Calling Cheney a liar to his face is like beating up the neighborhood wino...everybody can do it but he'll be back there tomorrow.

  • 10 votes
#1.3 - Thu Jan 8, 2009 6:53 PM EST
Lady Blue 81

Cheney didn't loose anything...all his money is in privatized prisons, mercenary security services, weapons of war, and housing developments in Dubai.

  • 16 votes
#1.4 - Thu Jan 8, 2009 7:13 PM EST
Joe Bpsplk

...no one saw the crisis coming.

Crazy -- He's actually pleading incompetence! 

Voters elected those guys because they pushed the conservative Republican agenda.  They said that they knew business and the economy, and that the government should not get involved with it.  They pushed "small government", underfunded the SEC so that it became powerless, and ignored regulatory abuses.

What this does is disprove conservatism and the Republican party.  The first is unworkable, and the second is incompetent.

  • 12 votes
#1.5 - Thu Jan 8, 2009 10:49 PM EST
RonBlack66

These guys were never conservatives.  They were Neocons, plain and simple, hiding behind the 'nice-sounding' phrase, "Compassionate Conservativism".  They were neither compassionate nor conservative.  Out of control spending, preemptive wars, confrontational rhetoric, unflinching support for Israel at the expense of our reputation with our more important allies.  Research the definition of a neocon and its history and you will see that Bush's entire presidency and his every political move fits neatly into the definition of this horribly failed political ideology.

  • 9 votes
#1.6 - Fri Jan 9, 2009 12:04 AM EST
Sally York

We as a public could get the point across not only to blowhard Cheney, but to the rest of those that followed his path of destruction of the United States, how you say?  Prosecute him and all the rest of the tyrants that committed treason against our country for their profit. 

I  have started the letter writing crusade want to join me.  Letters to editors, elected Representatives, Justice department, United Nations etc etc. 

  • 5 votes
#1.7 - Fri Jan 9, 2009 7:24 AM EST
Joe Bpsplk

I'd like to agree with you RonBlack66.  But saying that Bush, Cheney, his cabinet, all of the conservatives he appointed to office, and the conservative talk-how hosts that supported him are not conservatives.... ?

It's like saying that Lenin, Stalin, and Bresnev were not true communists.

Conservatism and Communism have been tried long enough to prove that both have been failures.

  • 2 votes
#1.8 - Fri Jan 9, 2009 9:47 AM EST
RonBlack66

Joe,

The entire republican party is no more conservative than the entire democratic party is progressive.  Sadly, the modern republican party has been taken over in large part by neocons, just as the democratic party has been inundated with progressives such as Nancy Pelosi and Barney Frank.  In between, you will find such politicians as Bill Clinton and apparently Barack Obama, based upon what I've seen to this point with his decisions.

As far as the so-called 'conservative' talk show hosts, most are neocons too.  Limbaugh, Hannity, Beck, etc.  They are bought and paid for by the neocon arm of the republican party, who themselves are bought and paid for by AIPAC and big business lobbyists.  

Paleoconservatives are more in line with the traditional definition of conservatism.  Pat Buchanan would be an example of this.  Neoconservatives came about as a splinter group of 60's liberals that were supportive of the Vietnam War.  Read up on the history of the two political philosophies and you will find that there are distinct differences between neoconservatives and paleoconservatives.  Border control and strict immigration policies and enforcement being one huge difference.  Pre-emptive wars are another.  To say that the agenda of neocons is the agenda of all conservatives is being either intellectually lazy or intellectually dishonest.  I tend to believe that it is a combination of the two.

  • 2 votes
#1.9 - Fri Jan 9, 2009 12:46 PM EST
tracey-602481

Could Cheney please define "no one"?  I've been saying for the past several years that the economy is tanking. 

  • 4 votes
#1.10 - Fri Jan 9, 2009 2:18 PM EST
Citizenwhocares

Once again, the republican party shows it's true colors; "make $$ for me, and I'll look the other way.  Oh--there's trouble?  Oh, no!  Well, let me know if it gets worse..." and my favorite, "it's not my fault, and I don't have to apologize for anything."  It's too bad that the country will be cleaning up 8 years' mess for the next 10 years.  And, Mr. Cheney, don't think the American People are going to forget about it.

  • 3 votes
#1.11 - Fri Jan 9, 2009 3:59 PM EST
countrycomfort

Come on people, lets look at this from a birds eye view (can anyone say ostrich).  Clintons security team briefed Cheney and Bush about SaddamHussein in 2000.  Bush and Cheney never saw the terrorist attacks coming.  The military warned them Iraq was falling into chaos.  Never saw that coming.  Federal regulators briefed them on the mortgage loan crisis.  They never saw it coming.  A bunch of economists briefed them on the failing economy. They never saw that coming.  Bet when the Hague begins investigations into war crimes they will whine and cry that they never saw that coming either.

  • 4 votes
#1.12 - Fri Jan 9, 2009 4:29 PM EST
Joe Bpsplk

The poor performance of the Bush administration disproves conservatism for the reason that countrycomfort gave above.  They were true believer conservative Republican ideologues.  They believed so strongly in following the conservative ideology that they couldn't bring themselves to admit that it was failing. 

Instead they spouted catch-phrases like "stay the course" about using military force instead of diplomacy, even as the Iraq operation became a costly quagmire. 

They repeated "lower taxes" as the national debt doubled to ten trillion dollars. 

Now they mindlessly repeat "less government" even as the new administration faces one of America's biggest challenges in recovering from the financial collapse caused by degulation of the financial industry.

Once the Democrats clean up this mess, America will be back in this much trouble again someday if we don't face the fact that conservatism does not work.

  • 5 votes
#1.13 - Fri Jan 9, 2009 5:45 PM EST
Grammie's Cookies

When will the REAL conservatives pack up the ROVE clan of criminals and toss them out on their collective asses? When will they learn; when you are putting party first, it will fail America as a whole.

We need a NEW PATRIOTISM....truly go after the domestic enemies (those who have destroyed our country)as well as foreign enemies.

  • 4 votes
#1.14 - Sat Jan 10, 2009 1:06 AM EST
rbrazys

Bet when the Hague begins investigations into war crimes they will whine and cry that they never saw that coming either.

This is what they were worried about so they were preparing for this while everyone else saw the damage they were doing coming.

Check the amendments that were made to The Military Commissions Act of 2006 for what I am talking about.

    #1.15 - Mon Jan 12, 2009 2:09 PM EST
    Reply
    KMarx

    It's not possible to see something coming at you when you're always looking the other way. Bush ignored the problems as he is as stupid as the others in believing that if you let the market do as it will, it will right itself. So much for that theory.

    • 15 votes
    Reply#2 - Thu Jan 8, 2009 6:13 PM EST
    logdump

    Cheney is proving an old point. "it is better to be thought of as a fool than to open your mouth and prove it"

    • 19 votes
    #2.1 - Thu Jan 8, 2009 6:25 PM EST
    Sally York

    It is hard to see it coming when you are leading the parade that is making it happen.

    • 7 votes
    #2.2 - Fri Jan 9, 2009 7:25 AM EST
    gladbutterfly

    Yeah, and when, in addition, the 'no one' he was referring to was only himself, since he's the only one who counts in his eyes. He uses that instead of the royal 'we'.

    • 2 votes
    #2.3 - Sat Jan 10, 2009 1:01 PM EST
    Reply
    in-halfdotcom

    I hate to say this but isn't this that "special" kind of stupid?

    Didn't see it coming?  Really??

    • 12 votes
    Reply#3 - Thu Jan 8, 2009 6:15 PM EST
    Grammie's Cookies

    Cheney is worth his weight in dirty @!$%#s.

    • 12 votes
    #3.1 - Thu Jan 8, 2009 6:48 PM EST
    Lady Blue 81

    roflmao @ Grammie! Good one!

    • 7 votes
    #3.2 - Thu Jan 8, 2009 7:09 PM EST
    Reply
    ABD3

    Stevie Wonder could have seen this coming!

    • 22 votes
    Reply#4 - Thu Jan 8, 2009 6:16 PM EST
    logdump

    Stevis is intellegent though somthing these chit for brains idiots do not have from the bottom up.

    • 10 votes
    #4.1 - Thu Jan 8, 2009 6:27 PM EST
    Reply
    Corpus Christi

    Perhaps if Cheney hadn't been so busy circumventing the Constitution he himself might have seen it coming.

    • 21 votes
    Reply#5 - Thu Jan 8, 2009 6:16 PM EST
    Grammie's Cookies

    more like circumcising the Constitution.

    • 14 votes
    #5.1 - Thu Jan 8, 2009 6:51 PM EST
    3sheets2thewind

    more like circumcising the Constitution.

    Ouch!

    Just a little snip here and there.

    • 11 votes
    #5.2 - Thu Jan 8, 2009 7:11 PM EST
    Lady Blue 81

    til there's nothing left...little snip... not so much.

    • 9 votes
    #5.3 - Thu Jan 8, 2009 7:14 PM EST
    stevemaxDeleted
    Grammie's Cookies

    amen Stevemax

    • 3 votes
    #5.5 - Sat Jan 10, 2009 1:08 AM EST
    Reply
    jbdaad

    Can`t fool me! I saw his lips move.

    • 9 votes
    Reply#6 - Thu Jan 8, 2009 6:16 PM EST
    SnotRag Dave

    Sure Cheney's lips moved.  He was taking a break from his puppet.

    • 4 votes
    #6.1 - Thu Jan 8, 2009 7:04 PM EST
    Reply
    djd

    Fiscal Armageddon and the idiot boss and his minions didn't notice it was coming (Rhetorical?)

    • 10 votes
    Reply#7 - Thu Jan 8, 2009 6:18 PM EST
    onewomansopinion

    Oh, please. Everybody saw it coming...nobody was smart enough (or willing) to stop it.

    • 6 votes
    Reply#8 - Thu Jan 8, 2009 6:23 PM EST
    3sheets2thewind

    Oh, please. Everybody saw it coming,

    I saw it coming but I'm only a voter.  

    • 7 votes
    #8.1 - Thu Jan 8, 2009 7:14 PM EST
    stevemaxDeleted
    Jimster

    If only they had seen this coming and not the shoes.

    • 6 votes
    #8.3 - Thu Jan 8, 2009 11:08 PM EST
    trm2008

    I am really glad I took my money out of the stock market over a year ago.  I don't know much, but even I saw it coming.

    • 2 votes
    #8.4 - Fri Jan 9, 2009 12:31 PM EST
    Reply
    gladbutterfly

    Nobody saw it? Rubbish. There were all sorts of people who saw the problem and quite a while ago too. They just weren't listening, being deafened by the loud idiocy of their neo-con ideology.

    • 14 votes
    Reply#9 - Thu Jan 8, 2009 6:24 PM EST
    Askari

    Is the media just trying to piss the public off with stories like this one and the previous Cheney story about him not wanting Obama to reverse our country's pro-torture policy?

    The fact is that David Walker, the Comptroller/Head of the Government Accountability Office, has been telling Washington what was happening for quite some time and he got laughed out of town.  Check out the video:

    The U.S. Economy is Unsustainable 

    • 8 votes
    Reply#10 - Thu Jan 8, 2009 6:30 PM EST
    corperateties

    Wow. Doesn't this guy know what the people even in the most remote places on this planet would think about saying this now? Aliens from some far of Galaxy that don't even know why we would even ask them can read between the lines. See through the B.S. he spews.

    This Iraq war was enough to bankrupt this nation. Let alone giving the ones that were responsible for our financial "recession" 700,000,000,000.oo Dollars. Then "letting" or not paying attention to what they did with it.

    Wow! Why now? What is it worth? Will we not try to chop his head off? Will we not want to "hang" him and his buddy w?

    So many questions. So little time for them both to explain. I can't think of anything that even sounds good. They both could say that their trifling dirty hands have Swiss accounts 5 times more than the bailout amount. Wanting to pay it all to the U.S..... And that they want to try and wash their souls of the wrong doings. IT STILL WOULDN'T BE ENOUGH.

    Holy Frikin' Crap man. I am now certain he and his buddy are mad men.

    • 10 votes
    Reply#11 - Thu Jan 8, 2009 6:31 PM EST
    Elvis-362920

    That is a lie.

    I remember walking with my friend at lunch breaks from our office.  We detailed to each other how can people be purchasing houses they could not afford.  We also share our observations of crowded malls and people hauling shopping carts full of goodies out of Wal-Mart, but could not understand how can they afford all that crap?  sure we knew they had to be strung out on mortgages, refinancing and several maxed out credit cards.

    Well we ALL got the answer recently.  Those fools could not afford it, and now the politicians want all if us to help bail them out.

    • 6 votes
    Reply#12 - Thu Jan 8, 2009 6:33 PM EST
    ABD3

    The stunning part is they're bending over backwards to "open the credit markets" to restart the machine!  Like a heroin addict!

    • 10 votes
    #12.1 - Thu Jan 8, 2009 6:36 PM EST
    Reply
    logdump

    Tomorrows data on unemployment will show 500000 more people joined the unemployment ranks last month. Every department store and business sales were down ranging from 3% to 24% according to a report I jusr read. For 40 years afte WWII Democrats controlled the country by either having control of the WH or the congress and we prospered to become the richest Country on Earth. 6 years of Bush and his Republican lock step goof balls and we are right back to square 1.

    We should have been smarter folks.

    • 11 votes
    Reply#13 - Thu Jan 8, 2009 6:33 PM EST
    ewstephen

    Figures. Cheney didn't see his hunting buddy coming either and nearly killed him. Did manage to do that with the economy.

    • 3 votes
    Reply#14 - Thu Jan 8, 2009 6:34 PM EST
    DanielI

    Maybe you didn't see it coming because you had your head too far up your war arse.

    • 13 votes
    Reply#15 - Thu Jan 8, 2009 6:42 PM EST
    Karma-667522

    Freaking amazing.  And sad. And scary.  Wow.

    • 4 votes
    Reply#16 - Thu Jan 8, 2009 6:43 PM EST
    greck

    ah yes,

    more great lines from the people that brought you

     "nobody could have forseen terrorists using planes as weapons"

    and

    "nobody could have forseen the levees breaking"

    dude, you're a sith lord, we all know you can forsee stuff.  You're not fooling anyone

    • 16 votes
    Reply#17 - Thu Jan 8, 2009 6:50 PM EST
    ABD3

    "This is not the truth you're looking for..."

    • 5 votes
    #17.1 - Thu Jan 8, 2009 6:55 PM EST
    gladbutterfly

    Yeah, that "nobody could have seen it coming" excuse is just like the one you get from bureaucrats: "that's the first I've heard of it". Sure.

    • 4 votes
    #17.2 - Thu Jan 8, 2009 6:55 PM EST
    Reply
    Cbagent81Deleted
    Grammie's Cookies

    What was most amazing, is that back in Nov 2000,   most Americans DID see the BUSH/CHENEY ticket would be a disaster for this county...but the Supreme court appointed them winners anyway.

    • 15 votes
    Reply#19 - Thu Jan 8, 2009 6:57 PM EST
    Coach Maxx

    Let those who voted for those two bastards, foot the bill for war. That would be a huge chunck off the rest of us!

    • 6 votes
    #19.1 - Thu Jan 8, 2009 7:29 PM EST
    Reply
    follow the money

    no one knew anything?

    try this one out for size:

    http://www.thestreet.com/search/result.html?topicSearch=Bear+stearns+Fat+Cats+cashed+out+at+the+top

    • 7 votes
    Reply#20 - Thu Jan 8, 2009 7:07 PM EST
    Rixar13

    Thank you for this link, I hope everyone checks it out...

    • 4 votes
    #20.1 - Thu Jan 8, 2009 7:20 PM EST
    follow the money

    you're welcome..

    • 4 votes
    #20.2 - Thu Jan 8, 2009 7:25 PM EST
    gladbutterfly

    Yeah, I read something about that too. Cheney is lying through his teeth.

    • 6 votes
    #20.3 - Thu Jan 8, 2009 8:22 PM EST
    Reply
    catgirl444

    Oh, yes, Bush can be blamed.  But this is what happens when you ignore the best financial minds in the country and take your advice from friends.  The President of the United States SHOULD have seen it coming - if not him then who  Oh, ya maybe his good pal at Enron.  Again, I can't believe how people continue to defend this man.  I'm sure Cheney is very bright.  Didn't he see it coming.  Let's face it he's been in charge - not Bush. What a crock.  They so piss me off.

    • 9 votes
    Reply#21 - Thu Jan 8, 2009 7:07 PM EST
    Elvis-362920

    Do not you think some blame should go to all the greedy and crooked finacial folks; the lazy consumers who purchased houses they could not afford, and probably could not take care of; and last but not least all the slobs who maxed out their credit cards purchasing crap they could not afford?  Reaserch the "other politicians" who kept Freddie Mac and Fannie Mae afloat.  There names are not Bush or Cheney. 

      #21.1 - Fri Jan 9, 2009 6:46 PM EST
      catgirl444

      It was about Bush not seeing it coming - not who caused it. 

      • 1 vote
      #21.2 - Fri Jan 9, 2009 7:52 PM EST
      Elvis-362920

      OK, if President Bush had seen it coming what should he have done?  How about:

      • Cut up the credit cards of glutinous consumers who could not pay their bills?
      • Prevent people not smart enough or stricken with envy NOT to purchase homes they could not afford?
      • Wiretap all those financial people to find out who the crooks are?
        #21.3 - Fri Jan 9, 2009 10:08 PM EST
        Reply
        jbdaad

        the second photo must have been right after he said this.

        Cheney says no one saw financial crisis coming

        (view carefully extremely disturbing)

        • 6 votes
        Reply#22 - Thu Jan 8, 2009 7:09 PM EST
        Cbagent81Deleted
        Stephanie, RN

        LMAO!  Not even he believes what he is saying!

        • 3 votes
        #22.2 - Thu Jan 8, 2009 10:37 PM EST
        Reply
        100thmonkeync

        Ignore the rules, don't bother with laws and other regulatory necessities meant to keep the banks from doing the things they did and a system solvent. That was the message from this administration to the investment houses and banks. They lobbied the administration to turn a blind eye and turn a blind eye they did. 

        Cheney's ego is so big and he lacks any moral responsibility to anyone but himself and I think he believes the American people are stupid and that we will never be wise to the antics of the Bush Administration.

        • 8 votes
        Reply#23 - Thu Jan 8, 2009 7:13 PM EST
        Rixar13

        I am no financial expert only a BSBA from the University of Maine in Business. However, I could see this coming but maybe it's just my intuition..?

        I will say one thing and that is I won't need to apologize, I will take bold and aggressive action to do all within my insistence to convict Dick & W.

        • 9 votes
        Reply#24 - Thu Jan 8, 2009 7:14 PM EST
        rdtracker

        This was long, long in the making. It reared its head back with Michael Milken and his junk bond empire at Drexel Burnham and Co.  Anyone with a basic finance degree could have figure this out. However, the food at the trought was to good to stop it specially for the financial institutions, ergo the politicians were paid off not to do anything.

        • 7 votes
        Reply#25 - Thu Jan 8, 2009 7:21 PM EST
        Fausts son

        I guess with the driver of the car in the backseat watching the scenery go by the car is bound to go over the cliff sometime. Sorry Dick we read all the news and you are not reliable.

        These two guys should be taken to Mount Rushmore forced on to their knees and made to ask forgiveness from some REAL great  American leaders. They are just scoundrels with flag underwear.

        • 10 votes
        Reply#26 - Thu Jan 8, 2009 7:31 PM EST
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