Bush: 'We'll Get Through This Deal'
President Bush said little today about the ongoing financial crisis, offering some vague words of reassurance at unrelated public events, The Post's Dan Eggen reports.
He assured the president of Slovakia that the administration would continue to take "strong action," and said he was "confident in our economy's long-term prospects" during an Hispanic Heritage Month celebration.
"We'll get through this deal," Bush said.
White House press secretary Dana Perino suggested that Bush would support a government move to buy shares in troubled U.S. banks if Treasury Secretary Hank Paulson decides to do so.
"It was a part of the rescue package that the president supported, and it gives the Treasury secretary a range of possibilities, and investing in banks directly was one of those authorities," Perino said. "Secretary Paulson can use that authority as he sees fit."
Perino also reiterated the White House contention that Bush was inclined against direct government intervention until "he realized that it wasn't just a few executives on Wall Street who were going to lose their shirts, but it was possibly everyone in America," she said.
-- Frank Ahrens
October 9, 2008; 4:42 PM ET
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