Bush Says Rescue Plan Will be Passed

President Bush said key negotiators will "rise to the occasion" and pass a bailout bill to address the U.S. financial crisis. "We are going to get a package passed," Bush said in a televised message just now that aimed to reassure the markets. "We will rise to the occasion Republicans and Democrats will come together and pass a substantial rescue plan."

"Any time you have a plan this big, that is moving this quickly and requires legislative approval, it creates challenges," Bush said in brief remarks. "Members [of Congress] want to be heard, they want to be able to express their opinions...There are disagreements over aspects of the rescue plan, but there is no disagreement that something substantial must be done."

Key negotiators on Capitol Hill thought they were close to a deal yesterday, which sent the Dow surging over 300 points yesterday, but after the market closed, Republican lawmakers emerged from a White House meeting saying they had not reached an agreement.


--Sara Goo

September 26, 2008; 9:49 AM ET  | Category:  business
Previous: Dow Opens Down Triple Digits | Next: Dems Blast McCain, House GOP for Stalling Bill

Comments

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As usual, politics in action led by the incompetent fat cats...

Posted by: Rich | September 26, 2008 10:00 AM

IF THE PEOPLE DOESN'T KNOW WHAT THIS BAILOUT MEANS .. WELL IS SO SIMPLE THIS MONEY WILL BE INVESTED IN THE WAR INDUSTRY AND THE WORLD WAR 3 IT'S GOING TO HAPPEND MAYBE IN THIS YEAR 2008

Posted by: V_1618 | September 26, 2008 10:00 AM

Members [of Congress] want to be heard, they want to be able to express their opinions...There are disagreements over aspects of the rescue plan, but there is no disagreement that something substantial must be done."

Are you kidding me....the Republican want to be heard...is what Bush should have said...if they wanted to be heard, why are they now wanting to speak out against this. The Republicans had all week to do this, but decided to wait at the last minute to stall this....so they can "express their opinions"

What a joke!

Posted by: yperry | September 26, 2008 10:03 AM


Bush says: "we are going to get a package passed.

Questions:

Who are these we?
-You, and Bernanke/Paulson?

-You and Bernanke/Paulson/ and the Dems,and The Reps except McCain/Shelby/Boehmer at al?

Be specific for once.

By the way is "rescue plan will be passed" solid rock info of another wishful thinking?

Posted by: bekabo | September 26, 2008 10:15 AM

DIRTY SEXY MONEY-.

THE POLICY OF THE UNITED STATES.

-THE DEBTS ARE SOCIALIZED
-AND THE PROFITS ARE PRIVATIZED

Posted by: V_1618 | September 26, 2008 10:17 AM

come on, WP, who do you expect to believe that someone name "Sara Goo" works on your staff?

is this a joke or what?

Posted by: jfc1 | September 26, 2008 11:38 AM


Subject: Harry Reid
Reid just said we had a deal and then guess who came to town, he didn't say a name and now MSNBC has reported Reid was talking about McCain.
This is just another liberal stumbling block set up for lip service from Harry Reid.

I think the Republicans along with McCain should hold on to the saddle and the Dems. will have to capitulate, other wise the blame will be left squarely on Obama and the other Democrats.

Posted by: Dave | September 26, 2008 11:45 AM

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