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22
Sep
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by Buck • 1:52 pm
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Typical. Bush says “jump!”, and you just know Congress will ask “how high?”
Kinda reminds me of the olden days where all of America lived in fear over those big, bad “turists”. Well, we were told to live in fear because Bush needed to slip something past us at that moment in time. And it worked!
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Bush Urges Quick Passage of Bailout Package
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. [...]
“Failure to act would have broad consequences far beyond Wall Street. It would threaten small business owners and homeowners on Main Street.” (emphasis mine)
