Suze Orman’s Rant — Better Duck George W. Bush
EmailABC News’ Stu Schutzman reports:
When money maven Suze Orman talks, millions of Americans tune in or read her books or check out her website, which is a veritable schmorgesboard of financial self-help and a glimpse at her vast empire.
"She is a paradox," writes Jacob Bernstein in today’s Women’s Wear Daily, "a paradigm of self-branding wrapped around a heart that actually beats."
Time Magazine dubs her the "most recognizable personal-finance expert in the world." "Like a medic tending injured soldiers on a battlefield," writes Time’s Sheelah Kolhatkar, "she spends her days fielding calls from people who are in financial peril…"
With the country now in financial peril, Orman has not been shy about lambasting the people she believes got us into this mess or are charged with getting us out of it. She recently took off on the President’s economic adviser Larry Summers for suggesting Americans start buying cars to stimulate economic recovery. That, said Orman, was "the most irresponsible thing anybody could say. Mr. Summers, I am so sorry," she continued, "I understand we have to spur the economy of the U.S., but don’t do it off the people who don’t have jobs, who don’t have a pot to pee in." Ouch!!
"The worse things get," says Time, "the harder she is to avoid." So Duck Mr. Bush, it’s coming your way. Orman lays this whole mess squarely on the former President’s shoulders. "Commander in Chief?" she says with scorn in today’s WWD, "You blew up every single financial vessel we had and if you think you aren’t personally responsible , well, the blame starts at the top. There is no higher top than you, sir." Double ouch!! And she’s not done yet.
"If I were you, says Orman, "I would feel so absolutely horrific that I would take every penny I had and distribute it to anybody and everybody to help them in whatever way I could." And now the coup de grace — "You owe the American people every penny of your fortune and your family’s fortune." Whew!
The only saving grace — Mr. Bush’s popularity was so low when he left office, even a rant by Suzy Orman won’t do much more damage. But people will listen.
RSS
Twitter
Facebook
she certainly nailed it right on Bush!
Posted by: hang | March 20, 2009, 2:16 pm 2:16 pm
Rant on bush and get positive press Rant on obama (i.e. Cramer) and get skewered… it’s patently obvious to anyone who has an open mind. Agenda driven news!
Posted by: bob | March 20, 2009, 2:18 pm 2:18 pm
Totally Agree Suzie you Go girl Speak that truth!
Posted by: Angie In Pa | March 20, 2009, 2:20 pm 2:20 pm
There’s no need to rant or point fingers….The damage is done. Where was she when the troubles were brewing?
In my opinion, if she does or says anything, please tell her to use her expertise and impute to help solve the country’s financial problems.
Posted by: y.sister | March 20, 2009, 2:26 pm 2:26 pm
Well Suze, please do explain how it is that one man is responsible for this mess. You know details like when it went wrong, how it started etc etc.
Posted by: david | March 20, 2009, 2:46 pm 2:46 pm
I totally agree with her. Bush and his buddies made a very very large amount of money by ripping off the American people. I believed this 7 years ago and I believe it more today. Bush did nothing as president but line his pockets and the pockets of those close to him as a friend. I think they all should go to prison.
Posted by: insight | March 20, 2009, 2:51 pm 2:51 pm
Actually it goes back several decades and several administrations, but the Bush administration was very bad.
Posted by: Huh | March 20, 2009, 2:54 pm 2:54 pm
Orman is right on re: Bush. He was like an 8 year tornado that created destruction wherever he set down. It starts at the top; he made the policy and he set the tone. He was greedy and incompetent and never apologized. Why should we be surprised that corporate America did the same? The Bush posses plundered America. The one regret – Scooter took the rap. What more can you say – our worst president ever. American President ganga
Posted by: hopesprings52 | March 20, 2009, 3:07 pm 3:07 pm
More smoke and mirrors from ABC news.Can we have at least one report that is not biased.How about reporting the news and quit trying to be the news.There are some hard news stories out there,let me give you a clue.Story on Tax cheats who happen to be in Congress.Whats up with Roland Burris?Did he get kicked out of the Senate?Chris Dodd got a nice loan from Countrywide,how come he gets special treatment.Barney Frank , Maxine Waters ,Charlie Rangel , Nancy Pelosi and Harry Reid just to name a few who have fell off ABC news radar.They all have stories that the public needs to hear.
Posted by: Johnny L | March 20, 2009, 3:14 pm 3:14 pm
bush’s tenure will be regarded as a failure on many levels, and suze’s point is well-taken. and while deregulation under the bush administration certainly helped to compound the trouble we’re now in, the greed of bank lenders and irresponsibility of many borrowers should also be underscored.
Posted by: otis | March 20, 2009, 3:15 pm 3:15 pm
Why not look at who is to blame? Why not look at what put us into this mess? Don’t you think that would better prepare us to fix it and prevent it from happening again? I bet you don’t research much before trying to solve your problems do you?
Posted by: Chris | March 20, 2009, 3:16 pm 3:16 pm
So attempting to reform CRA doesn’t exonerate Bush and implicate Frank/Dodd? Attempting to reform the regulatory structure around Freddie Mac and Fannie Mae doesn’t exonerate Bush and implicate Frank/Dodd/Pelosi? And if the bailouts were the problem why didn’t Barry oppose it instead of voting for it? Did he not read the legislation the same as he’s claiming now over AIG? Perhaps if he posted the legislation on the website for 5 days (like he promised) instead of going surfing in Hawaii he would have caught it. You gave us some real change here, folks.
Posted by: basil | March 20, 2009, 3:20 pm 3:20 pm
Hey Suz— You need to watch that current man in the WH and his spending which is going to bankrupt our country. obama is a total embarrassment –he needs to be taught some manners, etiquette, statesmanship, and how to engage his brain and mouth at the same time without a teleprompter. If the situation wasn’t so serious, I’d call him a joke, but he’s too dangerous and stupid.
Posted by: jackie | March 20, 2009, 3:23 pm 3:23 pm
Bush should have shoes thrown at him every time he leaves his house. I doubt he would understand, though. Bush is dumb as dirt and as sensitive as the other Christo-Fascists in this country.
Hopefully, the Bush/Cheney War Crimes and Profiteering Trials will set things right. Using “enhanced interrogation techniques” on Cheney ought to have him admitting he is the Moslem Terrorist we knew he was. From the White House to the “Big House.”
Posted by: Sammy | March 20, 2009, 3:27 pm 3:27 pm
Right on – Suze. Just ignore the Bushies. They don’t like it when you criticize him for the mess he left the country in after 8 years of mismanagement. And the worse they can say about Obama is he uses a teleprompter??? I don’t think he used a “teleprompter” when he taught constitutional law for 10 years at the Univ. of Chicago. He spoke perfectly fine then. You Obama-haters got anything else yet? This teleprompter stuff is getting as tired as the “fake birth certificate” b.s.
Posted by: geecee | March 20, 2009, 3:45 pm 3:45 pm
“Can we have at least one report that is not biased.” I agree. It’s about time that ABC News had a positive report on president Obama… They haven’t said anything good about him in two months. Meanwhile they keep on propping up useless republicans…
Posted by: Mike | March 20, 2009, 3:51 pm 3:51 pm
Oh Please – come on folks. housing debacle started under Clinton by putting pressure on the banks to loan people money to buy (oh sorry – own a piece of the american dream) a house that clearly could not afford to pay it back! hence the crap you have going on today.
Plain and simple – the people that are in power right now were in congress during Bush. So i guess Bush just wrote his own bills and signed them into law and Congress had nothing to do with it? Get a clue people – the uneducated are the reason why this farce is in office.
Socialism and buyers remorse coming to a town near you.
Posted by: jfk767 | March 20, 2009, 3:55 pm 3:55 pm
Bush did this stuff, Obama has been in office 2 months. Let’s see if in eight fulll years you get the idea that maybe just maybe Bush was not such a good President. I think we are in the middle of a whirlwind right now, but once the air clears and things get better you will have to see this POTUS is a good one.But then maybe you won’t the GOP still has to ask Rush first if Bush did good????
Posted by: Bonnie Kimberly | March 20, 2009, 4:02 pm 4:02 pm
It isn’t just the “housing debacle” that has caused this economic landslide. There are lots of factors and plenty of blame to go around, both Dems. and Reps. and both Clinton’s and Bush’s administrations. I think it’s just politics in general that are a corrupting influence on otherwise honorable people. Lobbying and political donations by large corporations and banks don’t help the situation either. It’s bribery, plan and simple, that ruined this country economically.
Posted by: geecee | March 20, 2009, 4:13 pm 4:13 pm
Go Suze!! Pretty amazing to go from a SURPLUS to a DEFICET in 8 years – most of that in Iraq. Shameful – we should get salaries back from the entire Bush team – including Rummie!!
Posted by: Jenny | March 20, 2009, 4:50 pm 4:50 pm
So, Suze, where were you – the expert?
What bells did you ring? Did you testify on Capitol Hill? Did you try to galvanize the country into marching to the White House to warn the country about pending doom?
You had the opportunity to do so.
You’re on tv; you write books; you had our attention.
Sorry, Suze, I don’t buy it.
Go pedal your wares somewhere else.
Posted by: the lady protests too much | March 20, 2009, 5:06 pm 5:06 pm
Its simple. CRA and Freddie did it. George tried to clean it and Barney stopped it. Obamorons: ITS your fault. The deepening of IT is on Obama. The TARPing of IT is on Obama. Even the bonusing of IT is on Obama. IT makes sense, if he seeks financial advice from the failed CEO’s of Freddie, Fannie, Citi and Stanley. Surprise, its not change we found, its chains.
Posted by: basil | March 20, 2009, 5:21 pm 5:21 pm
After 8 years of the failed Bush/Cheney, Republican Christo-Fascist Dictatorship, we have nothing to lose by trying a secular-socialist dictatorship. Time for the pendulum to swing the other way for 8 years. Neo-cons get ready to get what you gave! “Power to the People.”
Posted by: Sammy | March 20, 2009, 5:37 pm 5:37 pm
Obama was in the senate when Bush was president.
What did he do to protect America?
Oh, yes, he took money from Fannie Mae and Freddie Mac instead of regulating these two institutions.
I see a major conflict of interest there.
Posted by: Greed comes in all shades | March 20, 2009, 5:40 pm 5:40 pm
Make no mistake. Obama enjoys the high-life. I don’t blame him; I would, too.
Did you see Michelle working in her ‘garden’?
Talking about being out of touch!
Posted by: for the love of money | March 20, 2009, 5:44 pm 5:44 pm
Suze O…..thank you for calling a “spade a spade”. This is what I’ve been saying…off to Texas after ruining our country, and taking my taxes with him in the form of a “pension”. He should not get a Dime for what he has done to this Country. I hate this man everytime I think of my hard work, of producing for the financial system in this country. Then he had the nerve to reward them with a bailout on His way Out.
Posted by: sngeorgia | March 20, 2009, 6:11 pm 6:11 pm
You have people like Pelosi to thank for this rush to sign the bailout.
Posted by: I hate Pelosi and Pals | March 21, 2009, 5:51 am 5:51 am
Suze is a joke…..she can point blame after the fact, sad it is to the wrong ones. Try Frank, Dodd and the like. Maxine Waters, too. The SEC takes a lot of blame, plus do not forget the sophisticated investors who bought the garbage, and we are now bailing out via AIG. (My teleprompter told me to say this)
Posted by: TX Wahoo | March 21, 2009, 5:56 pm 5:56 pm
“So, Suze, where were you – the expert?
What bells did you ring? Did you testify on Capitol Hill? Did you try to galvanize the country into marching to the White House to warn the country about pending doom?” – the lady protests too much
L M A O
So true TLPTM.
Suzie’s mindless rant shows she’s really just an entertainer.
Sure the government had a hands off approach but the disaster is mainly the latest product from Corporate America.
The business dudes and dudettes, the masters of wall street brought us this monetary malaise.
I wonder if it would have happened without the government’s role though, if true market forces were at work.
Posted by: Noz | March 23, 2009, 7:37 am 7:37 am
Dear Mrs. Orman,
You seem to forget your financial expertise when it came to political truth.President Bush didn’t deregulate any industry in his 8 years in office.
That fact is indusputable if you had bothered to do your homework;which you had bothered not to do.Bush’s efforts to rein in Fannie/Freddie against massive Congressional roadblocks will go
in history as one of the great Presidential efforts of all time!Mr. Bush’s treatment by you and other main stream media types is reprahensable.This economic bubble was sstarted by the Community Redevelopement Act of 1999 and signed iinto law by President Clinton not the Iaq War of present.
Posted by: TS | March 23, 2009, 6:32 pm 6:32 pm
republicans are scary ,if they werent though theyd be hilarious ,like barney fife or some imbecile like that.
unfortunately though they are SCARY and make me want to get out some lysol every time i hear ones mouth move…smelly trash just comes right out every time.
a republican fact is like a 1 lb elephant ,never existed and never will.
i called this when nixon was president , NEVER A REOUBLICAN……NEVER EVER EVER !!!!!!!
Posted by: Jelly | March 23, 2009, 10:17 pm 10:17 pm
This September 17, 2008, article in the Washington Post, begins by stating this:
A decade ago, Sen. John McCain embraced legislation to broadly deregulate the banking and insurance industries, helping to sweep aside a thicket of rules established over decades in favor of a less restricted financial marketplace that proponents said would result in greater economic growth.
It goes on to state:
In 2002, McCain introduced a bill to deregulate the broadband Internet market, warning that “the potential for government interference with market forces is not limited to federal regulation.” Three years earlier, McCain had joined with other Republicans to push through landmark legislation sponsored by then-Sen. Phil Gramm (Tex.), who is now an economic adviser to his campaign. The Gramm-Leach-Bliley Act aimed to make the country’s financial institutions competitive by removing the Depression-era walls between banking, investment and insurance companies.
Posted by: E. McKenna | June 30, 2009, 11:48 am 11:48 am
Cheap zolpidem persriptions.
Cheap zolpidem. Zolpidem online. Cheapest zolpidem. Zolpidem eszopiclone indications. Zolpidem.
Posted by: Zolpidem. | September 1, 2009, 7:21 am 7:21 am
Percocet.
Generic percocet. Percocet. Percocet side effects.
Posted by: Percocet without a prescription cheap. | September 1, 2009, 8:29 am 8:29 am
Keflex.
Keflex and urinary tract infections. Keflex. What is keflex used for. Keflex penicillin sulfa interaction. Keflex dosage.
Posted by: Keflex. | September 2, 2009, 2:02 am 2:02 am
Side effects from paxil.
Paxil side effects. Paxil weaning. Medication paxil. Paxil.
Posted by: Paxil. | September 3, 2009, 8:36 am 8:36 am
Cheap adipex.
Rx adipex. Adipex. Adipex ingredients. How long does it take adipex to work. Buy cheap adipex.
Posted by: Adipex. | September 6, 2009, 10:56 pm 10:56 pm