Bush DoubleSpeak: “Core” Inflation Low,U.S. Pays More for Gas,Food

“…And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine…”

Rev.6:6
KJV
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http://money.cnn.com/2008/01/04/news/economy/bush_economy.ap/index.htm?cnn=yes

(CNN 1/04/2008)

President Bush spoke to reporters Friday after getting an update from his top economic advisers, who are helping him decide whether to offer a package to stimulate the U.S. economy as it weathers the housing slump, rising oil prices and an uptick in unemployment.

“This economy of ours is on a solid foundation, but we can’t take economic growth for granted,” Bush said. “And there are signs that will cause us to be ever more diligent and make sure that good policies come out of Washington.”

Vice President Dick Cheney and other White House officials joined Bush in his meeting with his working group on financial markets, an interagency panel led by Treasury Secretary Henry Paulson that meets regularly to discuss market conditions and regulatory policy. Others around the table included: Federal Reserve Chairman Ben Bernanke; Chris Cox, chairman of the Securities and Exchange Commission; Walt Lukken, acting director of the Commodity Futures Trading Commission; Ed Lazear, chairman of the president’s Council of Economic Advisers; and Treasury Undersecretary Robert Steel.

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Video: CNN

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Complete video at: http://fora.tv/2008/05/01/Rick_Wagoner_Can_General_Motors_Really_Be_Green_Motors

General Motors Chairman and CEO discusses the effects national and state fuel economy standards are having on the automobile industry.

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General Motors CEO Rick Wagoner speaks at an event hosted by The Commonwealth Club of California titled Can GM Really Be Green Motors?

General Motors will bring 16 new hybrids to market in the next few years, including a futuristic plug-in. Has the world’s largest car maker turned the corner on climate change?

The Detroit automaker still doesn’t like some of California’s environmental laws, but it now recognizes that climate change is a real problem to be solved. The answer, Wagoner says, is to diversify fuel sources to include ethanol, hybrids and one day even hydrogen – The Commonwealth Club of California

G. Richard Wagoner Jr. has been Chairman of General Motors Corp., since May 1, 2003 and its Chief Executive Officer since June 1, 2000. Mr. Wagoner serves as Chief Executive Officer of General Motors North America. He joined General Motors Corporation in 1977.
Mr. Wagoner served as President of North American Operations of General Motors Corp. from April 2005 to July 1, 2006. Mr. Wagoner served as President of General Motors Corp., from 1998 to 2003, as Chief Operating Officer from 1998 to 2000 and as Executive Vice President and President GM’s North American Operations from 1994 to 1998 and executive vice president and chief financial officer from 1992 to 1994 and also had responsibility for worldwide purchasing from 1993 to 1994. Mr. Wagoner was president and Managing Director of General Motors do Brasil (GMB) in 1991 and 1992. Prior to that, he was Vice President in charge of finance for General Motors Europe based in Zurich, Switzerland, in 1989 and 1990.

Mr. Wagoner began his GM career as an analyst in the Treasurer’s Office in New York in 1977. After several promotions there, in 1981 he became treasurer of GMB in Sao Paulo. In 1984, he became Executive Director of finance for GMB. He moved to GM of Canada Limited in 1987 as Vice President and finance manager. In October 1988, he became group director, strategic business planning, for the former Chevrolet-Pontiac-GM of Canada Group. He has been a Director of General Motors Corp., since 1998 and serves as a Director of General Motors Acceptance Corp. of Canada Ltd.

Duration : 0:4:0

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