September 29th, 2008
08:07 AM ET
6 years ago

Bush: 'Extraordinary agreement'

Bush is urging Congress to pass the bailout bill.
Bush is urging Congress to pass the bailout bill.

NEW YORK (CNNMoney.com) - President Bush expressed support Monday for the bill that would put up as much as $700 billion to rescue the nation's troubled financial system.

Speaking at the White House, Bush called the proposed measure "an extraordinary agreement to deal with an extraordinary problem."

The bill is scheduled for a House vote later Monday, with Senate action seen on Wednesday, after bipartisan, round-the-clock negotiations throughout the weekend.

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Filed under: President Bush
soundoff (297 Responses)
  1. Moe, NY

    No bailout. This is wrong...let the failed corporations go down the drain...they deserve it! I would suggest that people get on their telephones and call all politicans even remotely involved in this sham. Wake up America....these Republicans have taken advantage of us for too long, they must be stopped. Hopefully, everyone out there will vote Democrat come November.

    September 29, 2008 11:25 am at 11:25 am |
  2. marianna

    Hey, there is a perfect opportunity in the upcoming election Nov.4 to include a referendum question on a national level. The question is:

    Do you support a bailout of banking industry using $700B of taxpayer money?

    YES or NO ?

    Simple like this. We'd see in 5 weeks what WE THE PEOPLE think about all this.

    Affraid to post a question to the public to know the truth?

    September 29, 2008 11:25 am at 11:25 am |
  3. Myrian Tucker

    I think more time is needed to find out a better solution to this problem.We did not get in this mess over night, time is very important and we need to look at this seriously.We could stop building prisions and give he inmates jobs, they should have to feed themselves and provide a shelter for themself.We give too much and no income is comming in.We need to focus on during more for elders, the morjority of them have worked all their live.We need to focus on building Amercia back up.We need to spend lesser and treat Amercia like she is the dream

    September 29, 2008 11:26 am at 11:26 am |
  4. Ted:Canada

    TRULY A SAD DAY FOR AMERICA!

    I don't know if the average American understands how tragic this is?

    Highest debt per capita in the world – EVER!

    What happens if it doesn’t work? The debt will still there and it will get worse!

    WOW!

    September 29, 2008 11:26 am at 11:26 am |
  5. Ll

    Extraordinary Deal, like our Extraordinary President... what a joke.

    September 29, 2008 11:26 am at 11:26 am |
  6. Dan Sczepanski, New York

    The math is still the same:

    Obama + Biden = Dumb and Dumber.

    September 29, 2008 11:27 am at 11:27 am |
  7. Mike in California

    No matter what happens we the people are getting stuck with the last 8 long years of FAILURE and a 700 billon debt.

    September 29, 2008 11:27 am at 11:27 am |
  8. Praetorian, Fort Myers

    Who needs terrorists when we have elected officials!

    September 29, 2008 11:28 am at 11:28 am |
  9. MA

    Virginia Voter September 29th, 2008 10:04 am ET

    US Population = approx. 301 billion
    Bailout Bill = $700 billion appropriated

    Simple Math:

    700,000,000,000 / 300,000,000,000 = $2.3 per person in the US…

    Maybe the bailout isn't that bad?

    Actually there is 301 million people in the US based on the Census done in 2000. The cost to each man, woman, and child would $2,300.

    September 29, 2008 11:29 am at 11:29 am |
  10. Grumpy Republican

    I am so exhausted by my once-proud Republican party.

    Obama camp: Please don't screw this up. My party needs a royal butt kicking to force it to own up to some hard truths about the last 8 years. To get back to solid, fiscally-conservative values. To shake off the influence of the far right. To govern honorably and competently. To rattle the sword sparingly.

    Ironically, Mr. McCain was exactly what we needed about 8 years ago. But the Senator I respected has been eaten by the machinery. God bless you, Mrs. Palin: You are a wonderful woman, and you have a bright future in my party. But for Senator McCain to claim you qualified for the Vice Presidency is simply not rational.

    Mr. Obama: I have my bowl of granola ready, and I might even hug a tree. I'm going to give you tax-and-spend liberals a chance; help us fix our country.

    September 29, 2008 11:30 am at 11:30 am |
  11. mrkusn

    The party that is in office failed us. The party that is to keep them accountable failed us too. Too little too late. We are now dealing with this bailout as a necessary evil. Perhaps it is time to get a viable third party going in America. Maybe by 2016 one will emerge. It could be fiscally responsible yet generous where it needs to be, morally strong, environmentally friendly, and not controlled by corporations or wacky liberal or conservative lobbyists. Let's take the BEST from each party-if there is anything left-and shed the rest of the chaff.

    September 29, 2008 11:30 am at 11:30 am |
  12. payback

    I happen to be a vet for obama...I'm not a right-winged-nut. That is in denial... The republicans have been in control of congress since. The contract with America. back in 1994. Until 2006. They were in control...The democracts....were treated like step-children....they had no say in anything......now that "w", has about four months left in office...Our tax money, will go to bail out his rich buddies like larry kudlow and jim cramer......it's good for us because. fools for republicans...voted for "w", not once but twice......you right-winged-in-denial-nuts-blame-everyone-but-yourself.....make me sick......

    September 29, 2008 11:31 am at 11:31 am |
  13. Spirit of America

    This is not a democracy; it is a kleptocracy: government of the thieves, by the thieves and for the thieves

    September 29, 2008 11:31 am at 11:31 am |
  14. J

    It looks like the conservatives don't want to take responsibility for their financial mess.

    It is time to tax the rich and to tax the social churches that advocate politics.

    September 29, 2008 11:31 am at 11:31 am |
  15. AK

    Maybe Virginia voter can't do math. It comes out to $2333 per every man, woman, and child in America.

    September 29, 2008 11:32 am at 11:32 am |
  16. pam Eugene OR

    This taxpayer says NO bailout for the rich Repubs who got us into this mess. No to Repubs getting more wealth while the taxpayers get hosed.
    Any politician voting for the give away will get my vote.

    September 29, 2008 11:32 am at 11:32 am |
  17. Tanya, Madison, WI

    Look who blocked ALL efforts to reform fannie mae and freddie mac. Better yet, look who has taken the most $$ in donations from these cesspools of subprime stupidity.

    Try these names on for size: Dodd, Frank, and OBAMA!

    So now we get to put a $700 billion bandaid on our economy under the premise that the taxpayer will make money on this investment–look at the price of real estate on a historic, inflation adjusted basis (google it!). GREAT INVESTMENT!!! Don't just buy high–buy at a level so astronomically high that it guarantees failure. Now that sounds like the government hard at work with your taxpayer dollars!

    September 29, 2008 11:32 am at 11:32 am |
  18. auggie

    BUSH SURE DID NOT LOOK CONFIDENT TO ME!! SOMETHINGS GOING ON THAT THEY ARE NOT TELLING US, WE WANT AND DEMAND THE TRUTH!!!

    September 29, 2008 11:33 am at 11:33 am |
  19. marianna

    Hey, there is a perfect opportunity in the upcoming election Nov.4 to include a referendum question on a national level. The question is:

    Do you support a bailout of banking industry using $700B of taxpayer money?

    YES or NO ?

    Simple like this. We'd see in 5 weeks what WE THE PEOPLE think about all this.

    Affraid to post a question to the public to learn the truth?

    September 29, 2008 11:33 am at 11:33 am |
  20. MLD ND

    No thanks to you, Bush.

    September 29, 2008 11:34 am at 11:34 am |
  21. BM

    Bush, Cheney, McCain, Paulin and all the others that benefited from this fanancial crisis and should be made to pay the bill!

    September 29, 2008 11:35 am at 11:35 am |
  22. David

    Bush should stay out of this. It all happened under his watch. Most Democrats and Republicans agree he has been perhaps the worst President in the history of the U.S.

    Any comments he makes are only non-productive. No one takes anything he says seriously or with any authority anymore. After all, there were no WMD's in Iraq. He's a President with a low rating who has lost trust with the American public (and those around the world as well).

    September 29, 2008 11:35 am at 11:35 am |
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