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Updated: 12:31 AM Sep 25, 2008
President Bush: Nation Facing a Recession
Pressing urgently for a massive financial bailout, President Bush says the nation faces a "long and painful recession" if Congress fails to act. He says "our entire economy is in danger."
Posted: 7:17 PM Sep 24, 2008Reporter: Associated Press |
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Pressing urgently for a massive financial bailout, President Bush says the nation faces a "long and painful recession" if Congress fails to act. He says "our entire economy is in danger."
Speaking in dire terms, Bush pushed for a $700 billion government rescue plan during a prime-time address to the nation. His move was aimed at explaining the package to the American public, but also to keep pressure on frustrated and angry lawmakers to work out a bipartisan deal fast.
Bush said the goal is to help the government buy up troubled assets so that credit can start flowing again and the economy will rebound.
He said the rescue is aimed at helping the country, not individual companies.
Latest Comments
Posted by: Kay
Location: Co Sprgs
on Sep 27, 2008 at 10:11 AM
Here is the Federal printed proposal I read....MCCAIN (no changes) Single making 30K - tax $4,500 Single making 50K - tax $12,500 Single making 75K - tax $18,750 Married making 60K- tax $9,000 Married making 75K - tax $18,750 Married making 125K - tax $31,250 OBAMA (reversion to pre-Bush tax cuts) Single making 30K - tax $8,400 Single making 50K - tax $14,000 Single making 75K - tax $23,250 Married making 60K - tax $16,800 Married making 75K - tax $21,000 Married making 125K - tax $38,750 Under Obama, your taxes could almost double! That's what you are voting for, Tom. Just because McCain is Rep doesn't mean he is Bush. And what does he know about life , Rocky ? He spent 5 years as a prisioner of war fighting for the freedom for people like you to run your mouth. He has two kids over seas in this war. I think he may have some insight. 22 years of insight. What has Obama done except vote to starve Terry Schiavo to starve to death, even HE said THAAT was a mistake.
Posted by: Martinez
Location: Southside
on Sep 27, 2008 at 08:47 AM
Remember when Clinton was in office? We werent in a pointless war, we actually caught terrorists and gas was 99 cents? Our economy was healthy, common citizens could get rich and successful. Things were so much better back then. Taking us back to that kind of prosperity is what Obama is all about. Demorcrats are all about Government and spending, but if you look, Bush has created more and bigger beurocracy then any Demorcrat in the past. He out Democrated the Demorcrats, so the real Demorcrats, who actually love our country had to make some paradigm shifts to keep it alive.
Posted by: Kay
Location: Co Sprgs
on Sep 27, 2008 at 07:28 AM
Tom, try not to hurt yourself in you self amusement. The truth is I don't want some Arabic anti- military, wanting tax raises, baby killing, socialized med rooting, flag erasing, inexeperienced nub running my country. Sure he will get along with Iran, he will invite them over to make camp in our country, He denies being of their religion even though he was registered this way for 31 years. It amazes me all your babbling along with Martinez is some kind of truth but documented FACT is propaganda. Obama himself said when he came into Senate has not going to be on the '08 ticket because not experienced enough, remember that ? If I am not on the boards it's because I am away from my PC actually having a real life, Tom, try it some time. If you think Obama is going to come in and wave some magic wand, whatever, but don't expect tax rebate or stimulus check to help you next Christmas.
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