Bush Urges Quick Passage of Bailout Package

[babylonsister]

Bush Urges Quick Passage of Bailout Package

By Lori Montgomery, David Cho and Howard Schneider
Washington Post Staff Writers
Monday, September 22, 2008; 10:38 AM


President Bush this morning warned lawmakers against trying to make too many changes to the proposed financial bailout legislation, saying the plan needs to be passed quickly and relatively intact to stem damage to global financial markets.

Weekend negotiations "made good headway" in crafting a bill to bolster a system weighed down by problem home mortgages, Bush said. But with proposals circulating to include provisions for homeowners in the bill or to use it to limit executive compensation, Bush cautioned that too many added provisions could impede approval of critically needed legislation.

"Obviously, there will be differences over some details, and we will have to work through them," Bush said, but "the whole world is watching to see if we can act quickly to shore up our markets and prevent damage to our capital markets, businesses, our housing sector, and retirement accounts.

"Failure to act would have broad consequences far beyond Wall Street. It would threaten small business owners and homeowners on Main Street.":grr:

more...

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/22/AR2008092200186.html?hpid=topnews

[liberal N proud]

1. Just like he urged a quick passage of the Iraq War Resolution

We can't let them have it that easy

[DemoTex]

8. And the egregious P.A.T.R.I.O.T. Act immediately after 9/11.

Another Bu$hco Cram-It-Down (or, better yet, Cram-It-Up).

[pleah]

2. I'm sure he does.

He sure as shit doesn't want any accountability tacked onto it.

[bdamomma]

3. hmm.. sounds like the same ole tactic for war with Iraq.

[Javaman]

4. Not this time monkey boy*! nt

[Solly Mack]

5. Fuck Bush

[Naturyl]

6. Good thing no one listens to Chimperor anymore.

Typical of him to want to pass the pyramid-scheme SCAM for his rich pals ASAP.

[wtmusic]

7. Some might see W's impatience as a red flag

but I don't know why.

[SammyWinstonJack]

10. I see it that way. A huge red flag!

[SammyWinstonJack]

9. Reason enough to go over it with a fine tooth comb, then!

Like he gives a rat's ass about main street and small business owners? :rofl: He uses that fear card every time he wants to push something evil and rotten through congress. Who still falls for that trick?