Bush: Senate Deserves Kudos

The White House released this statement from President Bush moments ago:

"I applaud the Senate for its strong bipartisan vote in favor of the financial rescue plan. I especially appreciate the efforts of Majority Leader Harry Reid, Minority Leader Mitch McConnell, Senators Chris Dodd and Judd Gregg, and the senior members of the relevant committees from both parties. They worked across the aisle to make vital improvements to the rescue package I sent Congress last month - including an expansion of deposit insurance that will help protect the savings of American families and small businesses.

The bill the Senate passed is essential to the financial security of every American. It is aimed at helping American families who need to borrow money to buy a car or fund a college education. It is aimed at helping small businesses that depend on financing to meet their payrolls and stock their shelves. And it is aimed at helping state and local governments that rely on the credit markets to fund basic services and meet the needs of their citizens.

The House will now take up this rescue legislation. With the improvements the Senate has made, I believe members of both parties in the House can support this legislation. The American people expect - and our economy demands - that the House pass this good bill this week and send it to my desk."

-- Frank Ahrens

October 1, 2008; 10:14 PM ET  | Category:  business
Previous: Senators Who Voted Against the Rescue Bill | Next: House vs. Rescue Bill: Round 2

Comments

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The headline is inaccurate, according to reporting on MSNBC there was another $150 billion added to the bill.

And who cares what Bush thinks?

Our nation is no longer being served by the government. They no longer work for us, they work against us.

The plain truth is that this is so unpopular that the calculation has been made as to how to get enough votes to get it passed without too many elected Senators and Congress people losing their jobs.

It's collusion, and it proves that the 2 party system has collapsed. It is no longer governing, it stealing in the biggest CYA in the history of the universe.

We're doomed, I'm going to wait until the next market spike, pull it all out, and move to another country.

Y'all can get another cowboy to figger it out for all I care.

-Wexler

Posted by: William W. Wexler | October 1, 2008 10:20 PM

First of all, Bush doesn't know big words like "economy." And, second, he can't type that fast. THIS STATEMENT CANNOT BE HIS!!! ;)

Posted by: bluntnhonest | October 1, 2008 10:20 PM

Good Bill?

Just shut the hell up Bush. The day I never see your face again cant come soon enough. They got the bill to pass by offering tax breaks we cant afford to give. Are you F'IN kidding me!

WHAT THE HELL IS WRONG WITH THIS COUNTRY!!!!!!!!!!!!!!!

Posted by: zinjiin6 | October 1, 2008 10:23 PM

It is completely obvious that the House and Senate forget who they work for and are so completely inept that we cannot trust them to make sound solid decisions based upon reality.

Posted by: zendrell | October 1, 2008 10:41 PM

What a joke! We should congratulate Bush and Congress for stealing 700 billion dollars of our tax dollars, to Bail out Wall street, that Bush knew was in dire trouble since 2006! Bush allowed Wall street to run ramped by getting rid of oversight, so his rich friends would not be impeded by regulations and we would have a freer Market!!!.... ARE YOU FCUKING KIDDING ME? NOT ONE OF THOSE IDIOT A$$ HOLES DESERVES TO BE IN OFFICE, MUCH LESS PRAISED!

FIRE ALL CORRUPT REPUBLICANS AND THE DEMOCRATS WHO ENABLE THEM!!!

Posted by: Ceci | October 1, 2008 10:53 PM

I am voting against both my senators for this vote in November. That's Obama and Durbin-for lack of leadership and letting bush get away with raping our countyr one more time before leaving office for his rich friends. All the deaths in Iraq and years of debt-what a crock congress has become.

Posted by: Tom | October 1, 2008 11:01 PM

every American should walk away from their unsecured debts, tell your creditors that you have already bailed it out, why pay twice for the same thing?

Posted by: therebel | October 1, 2008 11:11 PM

"It is aimed at helping small businesses that depend on financing to meet their payrolls and stock their shelves".

Should a business that depends on borrowed money to pay their employees, be in business to begin with?

Posted by: therebel | October 1, 2008 11:14 PM

You know there may be a need to "rescue" the economy. But handing 700 billions - now 850 - to the same bunch who created this mess in the first place is definitely NOT the way to do it.

Posted by: Anonymous | October 2, 2008 12:54 AM

It is time for We the People to get our heads out of the sand and STOP hoping by some miracle the Democratic and Republican parties are going to become honest, Constitution defending and upholding representatives - THEY ARE NOT!!


THIS IS A DANGEROUS BILL!!


This move will change the entire power relationship between the Congress and the Executive Branch, as well as the power relationship between American citizens and our government.


To give governmental powers and obligations to financial institutions over our populace is clearly outside of the realm of the Constitution.

There is no sunset provision on many of the main powers granted by this legislation and thus these powers will become a permanent change to our government.

The 'revised' bill has NOT changed - just alot of enticing pork added - and We already know 'our' unscrupulous elected officials sellout all the time - that's why We're in this mess!


I seriously believe if We the People want REAL CHANGE and a hope for OUR future, We need to look into 3rd party candidates - with Obama or McCain We will continue to be in danger as they continue their 'push forward' into socialism and a dictatorship. They are 'opposite wings on the same bird.'

Posted by: calumonit | October 2, 2008 10:33 AM

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