Bush on Economic Crisis as Heard by a Computer

I have not belittled the poor computer recently, but with the recent revival of The Terminator Sarah Conner Chronicles and its tendency to make computers so smart, I thought this would be an interesting test. This test has everything going against the machines, but if they plan on rising up and crushing all of humanity, then they are going to need to be on their game.

Here is President Bush giving a speech about the economic crisis from last week:

I used the Windows XP speech recognition system to transcribe it. See if the computer got anything right:

It is the least many Americans shift out anxiety that displays his energy June others annually in their fishery she received the blood issues ways in the stock market major financial institution should devote agent collapse and some avail as a starting his own any land should restricted landing grade mortgages rose an eighth families and businesses of Federal money where the midst of a serious financial crisis and the Federal government is responding with decisive action league losing confidence in money market mutual funds package with a major investor Chevy chase show HIV-talks that are shown game most importantly nightmarish issue is working with Congress to address the root cause behind much of the instability and markets that Angeles-related home mortgages endless magazine has a decline and-holding these assets ever should you try as a result of our entire economy is in danger shocker close to the Federal government reduce the risk posed by the shovel assets to supply of urgently needed money syntax and other financial institutions gambling plants and resume lending-rescue effort is not aimed at preserving any individual company or industry It is a diversified admired his overall economy will help American consumers and businesses get credit to major daily needs and create jobs and last edition of the markets around the world demand his financial system is back on track at Alemany legacy of questions tonight at a wee Reese this point in our economy palace illusion and was more than what does this mean for your financial future vision that luscious today’s earth answers first pattern archive releases why the most economists agree that problems we are witnessing today developed over a long period of time for more than a decade a massive amount of money flowed into dns states from investors abroad because archived is an attractive and secure place in business is large influx of money to U.S. banks and financial institutions along with low interest rates made easier for magazine interview these developments Aladdin more families of all money for cars and homes in college tuition stock for the first time they allow more ashwin Michigan law is starting businesses and create jobs as largely ferocious a serious negative consequences that only in the housing market easy for a combat with a faulty assumption that Olivetti’s web page eight rise that accesses and that decision many mortgage lenders approvals from bars without cheerfully examining their million-made arms to get lost larger than they can afford the shooting Invicta sell or refinance their homes have price Leon optimism and that passing that he’s also lead to implement home conjunction have actually the number of new houses exceeded them were people willing to buy them was supplied seating demand housing prices fell his creator of all and borrowers with adjustable rate mortgages they’ve been planning to sell or refinance their homes have higher price list of college worth less than expected along with mortgage famously Panetta for his resolve any mortgage holders began to default is widespread defaults-tax farming and housing seeded a mortgage injury hall was authored package together in diverted in design a show that’s called mortgage backed securities these injuries were sold to investors around the investors assume the securities workshops were asked you questions about their actual value to the lady purchase a mortgage backed securities for Fannie Mae and Freddie Mac the disease have a flowchart ecommerce Mandalay they are guaranteed by the Federal government does allow them to borrow enormous sums of money to a market for? Investments and their financial system at risk the decline in housing market selloff of domino effect across our economy like home values find borrowers defaulted on their mortgages and investors holding mortgage backed securities began to incarcerate as losses before long the securities began July of the they were not being bought or sold investors\bear Stearns and Lehman brothers found themselves set with large amounts of assets depend SL a row money needed major media obligations to-face imminent collapse of ice and sells a severe financial from these big banks began holding onto their money and letting China and years of the American financial system began grinding to a halt to the situation becoming more precarious by the day I face a choice to stack better with dramatic government action or stand back and allow the worst possible actions have sought to undermine the financial secure a ball have a strong believer for enterprise July-less stages to oppose government intervention heavily companies that make bad decisions should be allowed to go out of business and the marble circumstances that would follow this course to these are not normal circumstances the market is not functioning properly there’s been a widespread loss of confidence and major sectors of America’s financial system are at risk of shutting down the MS.economic-first morning that immediate action by Congress American to slip into a financial panic and investors and scenario would unfold more nice befell including some in your community the stock market would drop even more which would reduce the value of your retirement can the value of your home confinement foreclosures would rise dramatically an angel investors are far you find it harder and more expensive to get credit for businesses with close our doors and Asian Americans to lose their jobs evenhanded credit issue would be more difficult feeding into law as UNITA Bakar Stanger children to college can ultimately our country the experience a long and painful recession fellow citizens we must not let this happen every shade toward the leaders of them both parties in both houses of Congress to address this problem in the negative message of proposal my administration said to them there is a spirit of cooperation between democrats and republicans imaging congresses in the measures in that spirit and invite senators McCain and I’m bob what usually congressional leaders of both parts at the last mod SBA artist-ish toward a bipartisan bill now I know the economic rescue package will present a cash flow for many members of Congress is difficult to pass a bill that can they still much of the taxpayers hard earned money I also understand the frustration of responsible Americans who pay their mortgages on time file their tax returns Emeryville fifteenth and are reluctant to pay the cost of accesses all Sherry but given the situation we’re facing not passing a bill mal Lacoste these Americans much more later the manager asking how a rescue plan more after much discussion is now widespread agreement on that passable such a plan would include the remove the risk posed by the troubled assets including mortgage backed securities backlog in the financial system is a free-resume the flow of credit to American families and businesses a rescue plan should also be designed to assure that taxpayers are protected issue welcome that dissipation of financial institutions large and small issue Mayster and it failed executives do not receive a windfall from your tax dollars issues that will survive partisan board to oversee the plants implementation to any should be an active cases box in close consultation with treasury Secretary and also Federal reserve chairman member Nancy Nancy Seeger and Chris Cox finance the plan on Friday first the planet is big enough to solve any serious by under our proposal the Federal government would look up to 780 taxpayer dollars on the line departures joblessness are calling in the financial system in the short term visual Freon banks to resume the flow of credit to American families and businesses and this will help our economy grow stack as markets have lost confidence in mortgage backed securities devices and drop shot it devalued many these assets will likely the higher the price because the vast majority of Americans will ultimately pay off their mortgages the government is the one institution with a patient’s and resources to buy these assets and their current low prices and hold them until markets for charging that its money will flow back to the shares raise these assets are sold and we expected much is not all of the tax dollars we invest will be paid back to that question is what does is make your economic future of the primary steps purpose of the staff said that Monday night as a safeguard the financial security of American worsen families and small businesses the Federal government also continues to enforce laws and regulations projecting your money treasury department recently offered government insurers for money market mutual funds into the FDIC every savings account checking into an answer to that of applause is insured by the Federal government $200,000.00 the FDIC’s been in existence for 75 years and always ever loss of any money sure it pauses and this will not change classes crisis is resolved their weekend and AR financial regulatory structures are twenty first century global economy remains regulated largely mandated twenty a century loss recently we CL one company in Russia large his failure jeopardizes the entire financial system earlier this year study jury also propose a book for an it would modernize our financial regulations for example the Federal reserve would be authorized to get closer to the operations of governors across the financial spectrum ensure that their practices develops Redmond overall financial stability there other day is a members of Congress should consider them as they do they must ensure that efforts to regulate Walsh I do not end up handling hair economy’s ability to grow in the long run Americans have good reason to be confident in our economic showings despite Koresh’s in the marketplace in cases of abuse democratic capitalism is the best estimate ever devise is unleashed a tell us in the prototype media analyst for Merrill spirit of our citizens his latest have seen the best place in the world to invest into business day begins our economy the flexibility was angels star shock suggests invest back our economy is facing a moment of great challenge to win over kinds of challenges before and we will work on this one channel in America sometimes get discouraged by the town in Washington and the seemingly endless partisan shovels injury jean and has a real job elected officials rise in the case together with sheldahl once again with Jennifer country man is an issue in tackles problems head on Parlier spending amorgan the great chance toward the body of a background in more car developer chats to realize in chimes thank you for less the get-

Once again, I feel safe from the oppression of AI overlords.

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  • I don't know. It might have just had trouble with his blubbering, stumbling Texas drawl. lol.
  • Does anyone believe anything this guy has to say, anymore?
  • JCL
    How easy it is to pin blame of everything on the president, how hard it is to place deserved blame on ourselves.
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