Appearing drawn and frustrated, Bush said in remarks at the White House that this is a "critical moment" for the U.S. economy. He noted that yesterday's single-day loss on the stock market, estimated at more than $1 trillion, was greater than the highest estimated cost of his administration's bailout plan.
"The consequences will grow worse each day if you do not act," Bush said, addressing dissident lawmakers. He added a moment later: "Our economy is depending on decisive action from the government...This is what elected leaders owe the American people."
"Our country is not facing a choice between action and the smooth functioning of the free market. We are facing a choice between action and the real prospect of financial hardship" that will be felt across the board, Bush said. Read Article Here.
I am glad that Congress stood up to Pres. Bush and his cronies. The last thing that the nation needs is decisive action without fully understanding the long term consequences. Isn't decisive action what got the US in Iraq? Afghanistan? Illegal Wiretaps? The Patriot Act? This mess in the first place? To quote Mr. President, "fool me once, shame on—shame on you. Fool me—you can't get fooled again".
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