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Statement by the President on Bipartisan Agreement on Economic Rescue Legislation
The White House ^ | 9/28/08

Posted on 09/28/2008 4:38:00 PM PDT by hole_n_one

Today, a bipartisan group of Members of Congress, working with my Administration, reached agreement on economic rescue legislation that is urgently needed to address a crisis in our financial system that threatens the entire U.S. economy.

I appreciate the leadership shown by Members on both sides of the aisle, who came together to write a very good bill. This bill provides the necessary tools and funding to help protect our economy against a system-wide breakdown. The bill will help allow access to credit so American families can meet their daily needs and American businesses can make purchases, ship goods, and meet their payrolls. And this plan sends a strong signal to markets around the world that the United States is serious about restoring confidence and stability to our financial system. Without this rescue plan, the costs to the American economy could be disastrous.

Many Members of Congress contributed important ideas to improve the legislation my Administration proposed. I appreciate the negotiators considering those ideas and incorporating them in this agreement.

Members of Congress will vote on this legislation soon. This is a difficult vote, but with the improvements made to the bill, I am confident Congress will do what is best for our economy by approving this legislation promptly.


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: 110th; bailout; bush; statement; transcript; wallstreet
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Washington 26
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Final

1 posted on 09/28/2008 4:38:03 PM PDT by hole_n_one
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To: hole_n_one

I guess, I agree with Obama. I don’t want 4 more years of Bush. I hope McCain steps up to the plate.


2 posted on 09/28/2008 4:40:07 PM PDT by mathprof
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To: hole_n_one

Screw you Bush!


3 posted on 09/28/2008 4:40:08 PM PDT by CommieCutter (THE BIAS OF THE MAINSTREAM MEDIA HAS FINALLY HIT THE MAINSTREAM!)
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To: hole_n_one

Amazing how everyone seems to advocate for the passage of this bailout without having seen and read the entire bill (with all the Christmas tree provisions).


4 posted on 09/28/2008 4:40:21 PM PDT by nospin2244 ("We've had a Congress that's spent money like John Edwards at a beauty shop.")
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To: hole_n_one

So now it’s a “rescue”, and not a “bailout”. Bailout = doublethink. Freedom is slavery. Ignorance is strength.


5 posted on 09/28/2008 4:40:56 PM PDT by oblomov
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To: hole_n_one

Remember to call it rescue and not bail out. George Orwell would be proud.


6 posted on 09/28/2008 4:42:28 PM PDT by NavVet ( If you don't defend Conservatism in the Primaries, you won't have it to defend in November)
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To: hole_n_one
Nancy Palooza said that W's bill was rejected by her and her partners in crime in the House. She took ownership of this bill this afternoon. We shall see.
7 posted on 09/28/2008 4:43:25 PM PDT by LiberConservative ("Typical" white guy voting McCain/Palin)
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To: hole_n_one

How is eventually turning the entire U.S. into a forever socialistic third world country truly a good thing? What are conservatives supposed to do now and in the future? What good is it to even vote if all is truly lost about the future of the entire country? Amnesty for illegal immigrants just by itself will forever ruin the U.S. as a country! The full implementation of the Fairness Doctrine will forever kill of U.S. conservatism! No conservative judges either to help U.S. conservatism for the long-term! Prove me wrong on all of this asap! Help!


8 posted on 09/28/2008 4:44:17 PM PDT by johnthebaptistmoore (Vote for conservatives AT ALL POLITICAL LEVELS! Encourage all others to do the same on November 4!)
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To: hole_n_one

“Bipartisan” means the Socialist DemocRATS had their way with the Republicans AGAIN!


9 posted on 09/28/2008 4:44:40 PM PDT by FlingWingFlyer (Obama - The Next Josef Stalin.)
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To: hole_n_one

Government of the people, by the people, and for the people is officially dead. It’s now government of Goldman Sachs, by the automakers, and for the hedge funds.


10 posted on 09/28/2008 4:46:18 PM PDT by Harry Wurzbach
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To: mathprof
I guess this is just another time that Hussein can claim that McCain 'voted with Bush'!!!

Does this make it 91% of the time??? /s

11 posted on 09/28/2008 4:46:27 PM PDT by stockstrader (VOTE DEMOCRATIC--it's so much easier than thinking.)
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To: hole_n_one

If I could take back my endorsement of George W. Bush in 2004 I would.


12 posted on 09/28/2008 4:47:02 PM PDT by EternalVigilance (Beware the Bear. And I don't mean the one on Wall Street...)
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To: Harry Wurzbach
Too bad that's so wordy.

It would make a great tagline.

13 posted on 09/28/2008 4:48:50 PM PDT by hole_n_one
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To: hole_n_one

Compassionate conservatism strikes again.


14 posted on 09/28/2008 4:49:26 PM PDT by Harry Wurzbach
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To: hole_n_one

BS BUSH!!!!

It was NOT A BIPARTISAN bill. It was crafted in the dark of night and delivered late to Republicans who are being pressured to vote for it without reading it.

Both Bushes are patrician socialists, not a conservative bone in their Ivy league bodies.


15 posted on 09/28/2008 4:53:11 PM PDT by word_warrior_bob (You can now see my amazing doggie and new puppy on my homepage!! Come say hello to Jake & Sonny)
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To: hole_n_one

Practically the only way McCain could lose this election is by supporting this bill.


16 posted on 09/28/2008 4:54:54 PM PDT by word_warrior_bob (You can now see my amazing doggie and new puppy on my homepage!! Come say hello to Jake & Sonny)
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To: hole_n_one

Should have known Washington would beat fly-over America. Just Damn!


17 posted on 09/28/2008 4:56:21 PM PDT by eyedigress
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To: hole_n_one

Sad thing is whoever wins the WH will make Bush look like George Washington.


18 posted on 09/28/2008 5:01:33 PM PDT by VRWC For Truth (Palin is sugar on dog doo policy ... No mas Juan "Traitor Rat" McAmnesty foolishness)
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To: hole_n_one

I want to hear from JOHN SIDNEY MCCAIN, is he with US or THEM?


19 posted on 09/28/2008 5:04:05 PM PDT by word_warrior_bob (You can now see my amazing doggie and new puppy on my homepage!! Come say hello to Jake & Sonny)
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To: VRWC For Truth
The most painful conclusion I have ever reached in my life is, regretably that George Bush is a traitor and sell out.

George Bush just gave the country to 0 for $700B for Paulson and his cronies.

20 posted on 09/28/2008 5:09:50 PM PDT by AndyJackson
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