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| Bush disappointed by US House bailout vote |
| 2008-09-30 |
| U.S. President George W. Bush said on Monday he was disappointed that the House of Representatives voted down a $700 billion plan to rescue the financial system but said he would continue to confront the problem head-on. "I was disappointed in the vote that the United States Congress had on the economic rescue plan," Bush told reporters after a meeting with Ukraine President Viktor Yushchenko. "We put forth a plan that was big because we've got a big problem." As the markets plummeted after the House voted down the rescue package negotiated between the administration and lawmakers, Bush said he would meet with his economic advisers and work with congressional leaders to plot a way forward. The Dow Jones industrials suffered its worst single-day point decline ever Monday, losing some 738 points, after US lawmakers rejected the rescue of the financial system. "Our strategy is to continue to address this economic situation head-on and we'll be working to develop a strategy that will enable us to continue to move forward," Bush said. |
| Posted by:Fred |
| #12 Bush's little investment group "The Caryle Group" is a major loser and near the front of the line to chow down when the pig slop is dished out. |
| Posted by: 3dc 2008-09-30 18:28 |
| #11 Called mine from Asia right after they opened for business in DC this A.M. Told his aide I was very proud of him for voting the bailout down and to tell him I said "stick to your guns." I also mentioned that my absentee ballot was on its way and he'd have my vote for sure. The guy I talked to seemed pretty pleased to have the call for some reason... |
| Posted by: Jolutch Mussolini7800 2008-09-30 18:27 |
| #10 Well, folks, just keep hammering on your congress critters to keep voting this crap sandwich down until the nation examines the origins of this problem in the light of day. DON'T F**K WITH THE TAXPAYER. That's the message we need to send. |
| Posted by: Alaska Paul 2008-09-30 16:15 |
| #9 I also didn't like President Bush saying that congress is going to keep on voting on this bailout until they get it right. |
| Posted by: swksvolFF 2008-09-30 12:34 |
| #8 I read the text last night of that little speech that Nancy Pants made before the vote on the bailout. It was bitterly partisan and totally inappropriate. She blamed the whole crisis on Bush's "failed economic policies" and then went on to praise Barney Franks. She was like some spoiled brat who curses her dad and then asks him for money. No matter how I felt about the bailout there is no way in hell I would have voted for it after having to sit through that speech. She slapped their faces, rubbed their noses in her own $h!t and then expected them to bail her out? They slapped her back so now she's acting all surprised and hurt. No deal, bitch. |
| Posted by: Ebbang Uluque6305 2008-09-30 12:01 |
| #7 Would that President George W. Bush, master of conservative economic policies? Leaving your money in the stock market during an election year is risky in and of itself. |
| Posted by: swksvolFF 2008-09-30 11:08 |
| #6 #4: How long is Wall St. going to hold out before they have to go back to work? They'll want to drag this "Manufactured Crisis" out as long as there's any hope of free Government cash to be had.(It also increases the chance of their making a boodle on this "PANIC scam) |
| Posted by: Redneck Jim 2008-09-30 11:07 |
| #5 Gee, Mr. President, when the generals screwed around for a tie in Iraq, you were smart enough to get a man who really understood the situation. Fire the Secty of Treasury like you fired the SecDef. Get yourself people who can explain the fundamental issue and apply the action(s), if necessary, to that and not a 'bailout'. Credit crunch - recharter the Bank of the United States [that shouldn't be hard with 700B] and become the Lender of First Choice forcing the other lending institutions to follow or fall. Solidify the value of housing - give direct relief to mortgage holders who have real equity in their homes, not speculators who are riding a float. Don't add value to paper. |
| Posted by: Procopius2k 2008-09-30 09:15 |
| #4 How long is Wall St. going to hold out before they have to go back to work? All those loans arent worthless, they're just worth less than they expected. They are still backed by physical real estate, something tangible, but they'd probably prefer to deal in imaginary money, like futures, or options, where no product ever changes hands. |
| Posted by: bigjim-ky 2008-09-30 08:57 |
| #3 Please invite Newt over for lunch and discussions today Mr. President. You may want to have Mac & Sarah sitting quietly in the room as well. If I may suggest a starter topic, let it be Mark-to-Market economics. |
| Posted by: Besoeker 2008-09-30 08:23 |
| #2 Screwing up WOT & immigration is not enough for you George? |
| Posted by: g(r)omgoru 2008-09-30 05:49 |
| #1 Sorry, Mr. President. I'm not. We'll just have to disagree. |
| Posted by: Jolutch Mussolini7800 2008-09-30 05:00 |