Bush/Cheney economy forces Fed to work Sunday to prop up credit houses

While President George W. Bush continues to claim the economy is merely in a "slowdown," the Federal Reserve on Sunday cut the emergency lending rate to financial institutions from 3.50% to 3.25%. Somebody at the Fed must be worried if everyone there, including Chairman Ben Bernanke, are working on Sunday.

But the president says everything is just fine. Sounds a lot like his father when the first President Bush took the economy into a nosedive, and didn't even realize it.

Let me get this straight: Oil prices are at an all-time high; the dollar is weak; blue chip credit houses are almost bankrupt; the Fed keeps cutting the interest rate; the stock market is diving; businesses are shedding workers to stay afloat, and the president is as pleased as punch over the economy.

This is the same guy who only a few weeks ago was stunned that gas prices were heading toward $4 a gallon. How many different ways can we say this guy is out of touch with the plight of average Americans?

You're doing a heckuva job with the economy, Mr. President.