October 3rd, 2008
02:10 PM ET
6 years ago

Bush speaks on bailout bill

Bus commented on the House passing the bailout bill.
Bus commented on the House passing the bailout bill.

WASHINGTON (CNN) - President Bush plans to sign a massive bailout bill before leaving Washington on Friday, a senior administration official told CNN.

Bush is scheduled to leave the White House at 3:15 p.m. Friday.

The House approved the historic bailout legislation by a vote of 263-171.


Filed under: President Bush
soundoff (246 Responses)
  1. April Garlow

    This Congressional "LET THEM EAT CAKE" LEGISLATION-is what caused a revolution in France. Only this time it's "LET THEM EAT PORK"–Pork, covered with pork served up by a bunch of pigs.

    October 3, 2008 02:34 pm at 2:34 pm |
  2. Bulldog

    Sarah Palin says the Constitution gives the VP extra powers over the Senate just like Dick Cheney has claimed. The Constitution does no such thing. Why is this outrageous comment not being reported. Sarah Palin is another Dick Cheney minus the IQ. Give me a break.

    McCain and Palin are far worse and more dangerous than even Bush and Cheney, the worst administration in history.

    October 3, 2008 02:34 pm at 2:34 pm |
  3. Franky

    @economist

    You know, that's pretty funny because I can tell you that my parents believed that Presidents Clinton time was pretty good. And by the way, they vote Republican that I can tell you, LOL!! They thought those weren't bad times and as a matter of fact, it was pretty good. My parents may be bogus but they are smart you know...

    Plus, you're thinking about the past. This is about time to be a realist than a fool...

    October 3, 2008 02:35 pm at 2:35 pm |
  4. thomas

    The rich get bailed out, the poor get thrown out onto the street or they get thrown into prison. True American justice.

    October 3, 2008 02:36 pm at 2:36 pm |
  5. maynard hopkins wi

    VOTE NO ON THE BAIL OUT....TOO MANY PORK BARREL ITEMS....

    WOULD YOU BELIVE 1.5 MILLION FOR WOODEN ARROWS FOR CHILDREN.... LORD KNOWS WHAT ELSE....

    VOTE NO ON BAIL OUT

    October 3, 2008 02:36 pm at 2:36 pm |
  6. Guy

    Where will the money come from? Will we all be billed for this?

    October 3, 2008 02:38 pm at 2:38 pm |
  7. ARB

    I can already hear the sound of more money being sucked out of my wallet.

    October 3, 2008 02:39 pm at 2:39 pm |
  8. Shawn T

    Bush: "We must, ...uhm, ...the Amayrican people must, uhm....the congress must vote for this bill because....for the Amayricans. Our economy is strong, uhm. But we must vote to make it stronger...and uh...Cheney and I are gonnah to rip you off one last time. 40% of the $700B goes to Chinese National Bank and our Sowdie Royal friends. Uh...God Bless Amayrica"

    October 3, 2008 02:40 pm at 2:40 pm |
  9. mitch

    impeach him!

    October 3, 2008 02:40 pm at 2:40 pm |
  10. Billy

    Why did they have to ADD pork to the bill to get republicans to vote for it?

    October 3, 2008 02:41 pm at 2:41 pm |
  11. Jean Cognato

    Hurray for the goverment legislatures....they don't get it....they are part of the huge problem. Now they are so busy patting themselves on their collective back.......!

    October 3, 2008 02:41 pm at 2:41 pm |
  12. JB

    Wake up America, don't put another president in office like Bush who had no major accomplishments to speak of before taking office. McCain is a hero and has worked both sides of the isle. Vote for someone with experience not someone that is an american idol.

    October 3, 2008 02:41 pm at 2:41 pm |
  13. Democrat for John McCain

    I do not know why Republicans including John McCain keep silent. This mess was created by Bill Clinton and then Chris Dodd, Barnery Franks and of course Barack Obama. They want to escape from the back door because they are benefited immensely with taxpayers money. It is surprising that people cannot realize and Barack is moving ahead with the polls. One thing is 100% sure that the democrats who are int eh amjority in congress for last two years and Barack Obama are responsible for this bailout. Barack Obama keeps talking about all goodies but he is dangerous for our country. Mark my words.

    October 3, 2008 02:41 pm at 2:41 pm |
  14. mike

    Welcome to the USSA – United Socialist States of America. Unbelievable.

    If I borrow $100 from you, and can't pay you back on schedule, do you ask my neighbor to pay my debt?

    Then why are we asking every American to pay back uncollected debts from people who freely took their own loans?

    Why don't we take the $700 billion and mail respective amounts to each one of those people who defaulted on their loans.

    So my neighbor defaults on his loan. And I have to pay it back for him. Thanks neighbor. Thanks Congress. Welcome to the USSA, Comrades!

    October 3, 2008 02:42 pm at 2:42 pm |
  15. tulsa

    Professor,

    You might get a job with Gov. Pali. God knows she needs help.

    And tell McCain there's no R in Washington.

    October 3, 2008 02:42 pm at 2:42 pm |
  16. Remy

    At last Bush surrendered to Democrats to bailout American Dollar Engine!

    October 3, 2008 02:42 pm at 2:42 pm |
  17. Mike in California

    And so it goes......Thanks for the bill guys and enjoy the free money.

    October 3, 2008 02:42 pm at 2:42 pm |
  18. Biff

    Sarah Palin makes Dan Quayle look and sound like Socrates...

    October 3, 2008 02:43 pm at 2:43 pm |
  19. David Roslyn Wa

    Impeach Bush....he has put this country in more debt than the last 42 presidents combined.

    Then confiscate all of his properties and use the Texas ranch as a National cemetary for soldiers killed in Iraq.....something like Arlington National Cemetery.

    It would serve as a memorial for those brave soldiers who died honorably in the line of duty ...serving this country, and also as a reminder that absolute power corrupts absolutely, even in the presidency.

    October 3, 2008 02:43 pm at 2:43 pm |
  20. AJ

    Another sham bill giving billions of taxpayer money to big corporations while many of us are struggling to make ends meet. I wish my poor decisions were rewarded with enormous amounts of cash!!

    October 3, 2008 02:43 pm at 2:43 pm |
  21. truth

    bush has crushed the U S A , and the DEMS are just as dirty vote mccain ,but tie his hands with Dem houses

    October 3, 2008 02:43 pm at 2:43 pm |
  22. Cuban-mami-4-OBAMA

    @ Economist:

    FACT CHECK: a president can not force banks to lower their lending standards!

    Let's see WHO was in CONTROL OF CONGRESS BOTH HOUSE & SENATE DURING THE TIME WHEN THE MOST DEREGULATION HAPPENED?

    REPUBLICANS CONTROLLED CONGRESS 1994 THROUGH JANUARY OF 2007!

    THE BIGGEST DE-REGULATION BILL WAS THE:

    GRAMM-LEACH-BILLEY FINANCIAL SERVICES MODERNIZATION ACT OF 1999 . WHO IS 'GRAMM'........PHIL GRAMM MCCAIN'S ECONOMIC ADVISOR!

    Pathetic how you far-right folks know how to attack, BUT get the FACTS wrong every time!

    And if you are still blaming ........CHECK OUT REAGAN'S RECORD ON DE-REGULATION!

    October 3, 2008 02:44 pm at 2:44 pm |
  23. no democracy here

    this government no longer represents the best interest of the people it is supposed to serve. these politicians rake in millions of dollars each year from the same companies they are bailing out with OUR money – taxpayers money.

    Wasn't there something about this in the Declaration of Independence?

    Hmmm... let me go read that again.

    October 3, 2008 02:45 pm at 2:45 pm |
  24. paul

    This is a hoot when your running mate Biden said a while back that Obama has no experience not ready to lead and yet people on the left think he is a great guy to be VP.

    Biden even came out saying Palin was just as smart and strong as himself on the issues. Now if he is so wise would that mean Palin could do just as good a job at VP as you believe he can?

    You Democrats just hate real facts and issues. When facts get in the way you call people names and dismiss their ideas. The point is most here would vote for Osama if he was running for president with a D in front of his name. the other point is this most of you just have no clue how to live your own life and want the government to do it for you.

    Its sad to see so many lazy dumb people keep voting for Democrats because they have don’t want to do any hard work. I guess its better to let someone else pay your way though life while you are busy watching American Idol.

    October 3, 2008 02:45 pm at 2:45 pm |
  25. Jeff in Illinois

    Professor – If the title had been "Bush to sign bailout bill quickly", the meaning would have been taken as "Bush is going to write his name extremely fast". I am not an English professor, nor do I care about proper grammar, as long as I'm getting the point across correctly.

    You could be right about the grammatical error, but does it really matter when your version would have portrayed the wrong meaning, while CNN's version portrayed the intent perfectly? You should also keep in mind, its a headline – they need to get the point across in as few words as possible.

    Typical McCain supporter, thinking he/she has it right, but outside of the fantasy world they live in, any clear thinking American knows it is wrong.

    October 3, 2008 02:46 pm at 2:46 pm |
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