|
"Our entire economy is in danger...these are not normal circumstances. The market is not functioning properly. There has been a widespread loss of confidence, and major sectors of America's financial system are at risk of shutting down...the government's top economic experts warn that, without immediate action by Congress, America could slip into a financial panic and a distressing scenario would unfold. More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet. Foreclosures would rise dramatically." ---President George W. Bush in televised speech to the nation on September 24, 2008
"The fundamentals of the economy are strong." -- Republican Presidential Candidate John McCain on September 15, 2008.
|