Bush confident bailout bill will help economy

[Amerigo Vespucci]

Source: MSNBC

WASHINGTON - Key supporters of a Wall Street bailout package prodded lawmakers to approve the plan hours ahead of a difficult House vote on Monday, with President Bush saying it is needed to “keep the crisis in our financial system from spreading throughout our economy.”

“Every member of Congress and every American should keep in mind that a vote for this bill is a vote to prevent economic damage to you and your community,” said Bush, fully aware that congressional passage of the $700 billion compromise legislation is far from assured.

“With this strong and decisive legislation,” he said, “we will help restart the flow of credit so American families can meet their daily needs and American businesses can make purchases, ship goods and meet their payrolls.”

The package cleared a key procedural hurdle on the House floor Monday morning with a 220-198 vote to move it to three hours of general debate and a final vote, likely by midday or early afternoon.

Read more: http://www.msnbc.msn.com/id/26884523/

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President Bush makes a statement about the economic bailout package from the White House in Washington, D.C., Monday. Bush said the $700 billion financial bailout package addresses the root cause of the financial crisis and will stop it from spreading.

[apnu]

1. Well, considering that every day is opposite day with the Chimp...

... I'll translate for everybody: The bailout will be a total disaster. A bank heist of the highest order. Designed specifically to enrich the rich and dismantle the government as quickly as possible so the raping and pillaging of the land and people can truly begin.

[dipsydoodle]

2. He's living

in a world of dreams. What is he on ?

[gratuitous]

3. He was pretty confident about Iraq, too

And how'd that work out?

[CubicleGuy]

13. What were the original estimates on the cost of the war in Iraq?

As I recall, I think we came in just a bit over budget on that one.

Anytime Bush comes on the radio now, I reflexively yell "Just shut up!" at it. It's embarrassing.

[Lorien]

4. I'm confident that it will help HIS economy and those of his cronies

but the rest of us will be screwed.

[Solly Mack]

5. I'm sure if we just stay the course...give it 6 months...surge forward

with more money...we're spreading confidence ...the market will go up as the tax payer goes down

[santamargarita]

6. Like this asshole has ever been RIGHT about anything!

~

[Tangerine LaBamba]

7. He's been wrong about EVERYTHING!

So his support of this monstrosity should be a clarion call to everyone involved to run away from it as hard and fast as possible.

Jesus, I'm just sick about this. Unfuckingbelievable. If you designed a way to make things worse for Americans, you'd have to work around the clock for centuries to come up with this one.

We're doomed.......

[ixion]

8. and by "economy" he means his "base"

the rest of us get a red hot poker in arse, as usual.

Why this idiot has any credibility given his 100% failure rate is beyond me.

[Maestro]

9. Just like the stimulus checks were supposed

to help the economy. Until banks are sanctioned for predatory lending practices especially in the mortgage markets nothing will change.

[LynnTheDem]

10. Georgie is always "confident"...

and always wrong.

[RUMMYisFROSTED]

11. WGE

Worst Gut Ever!

[Democat]

12. Bush's final repayment to his financial backers

The check is in the mail!

[billyoc]

14. Well, he DOES have an MBA from Harvard.

Just like EVERY MOTHERFUCKER THAT CAUSED THIS DISASTER! :rofl:

[MgtPA]

15. Well, I sure feel better NOW.

[olddad56]

16. he has never lacked confidence, just intelligence.

[trudyco]

17. Why can't congress just say they'll cover his bailout plan at

whatever cost he wants - just so long as in the SAME BILL it has a tax on the rich that pays for it.
Want $700Bln? No Problem. Include a tax on people making over $500K a year that will pay for it. You can only spend as much as you raise from taxing the rich.

[Doctor_J]

25. That would be "Class warfare"

any plan where rich people pay for something is such

[KewlKat]

18. Well, if he thinks it's going to help

then we're all doomed. Has he ever succeeded in anything?

[AndyTiedye]

19. The DOW JONES Suggests Otherwise

-301

[BelgianMadCow]

20. However, it was hard werk! Heckuva job.

[That Guy 888]

21. when's he doing the the "funny" video of searching for an economic recovery in his office? n/t

[Hardrada]

22. LOL!!

[babydollhead]

23. No means yes

[Doctor_J]

24. How is he going to blame this on the "Democrat Congress"?

None of the wingers voted for his train wreck

[sarcasmo]

26. If he says it will help, then 8 years has shown us anything, it won't help.