[lbo-talk] The White House Gets A Margin Call

[Jose Rodriguez & Sally Everson]

I'm waiting to hear the faint sound of a mass chanting of 
"Recall Bush, Recall Bush" 
coming from up north ...

----- Original Message ----- 
From: mike larkin <mike_larkin2001 at yahoo.com>
To: <lbo-talk at lbo-talk.org>
Sent: Wednesday, September 24, 2003 11:03 PM
Subject: [lbo-talk] The White House Gets A Margin Call


> http://talkingpointsmemo.com/sept0304.html#0924031029pm
> 
> "I'm hearing many conservatives say now that the White
> House political office is off their game. But I see no
> real evidence of this. The problem is more
> fundamental. For quite some time this White House has
> functioned like a heavily leveraged business, an
> overextended investor that suddenly gets a margin
> call. To extend the business metaphor, the White House
> has been surviving not on profits but expectations of
> future profits or, in other words, credibility. The
> White House has been able to get the public to sit
> tight with a lot of objectively poor news (a poor
> economy, big deficits, bad news from abroad) on the
> basis of trust."
> 
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