Delusional right to the bitter, bitter end

Microsoft is "seriously exploring significant work force reductions."

Circuit City is liquidating.

AMD is cutting 1100 jobs.

Varian, a maker of scientific equipment, is cutting 240 full time and 80 temporary employees.


Hertz - 4000 jobs. Wellpoint - 1500 jobs.

All told, 40,000 job cuts were announced today.

And what does George W. Bush have to say, as he finishes his Crapapalooza Legacy Tour?

President George W. Bush said Friday that while the current economic crisis has sent shock waves around the world, he believes steps taken by his administration have "laid the groundwork for a return to economic growth and job creation" early in the administration of President-elect Barack Obama.

"The American economy has consistently proven its strength and resilience" Bush wrote in his final economic report to the nation.

He said this resilience has continued despite multiple blows to the economy.

[snip]

"A measure of stability has returned to the financial system," Bush said.

Delusional and self-justifying right to the bitter end. And it is to our eternal shame as a nation that we allowed this man to occupy this office for eight years.