9.20.2008

We are, like, totally not surprised


For a president who watched months of job losses this year lead to a recent high in the unemployment rate, while maintaining that "our economy has got the fundamentals in place'' for robust growth, Bush has taken a sudden turn in allowing that, without dramatic action, the nation's financial system could "grind to a halt.''

[From Fed economic action: 'Unprecedented': The Swamp]


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