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. Wendy, CA

    Let this idiot speak on being THE WORST PRESIDENT IN MODERN HISTORY. I'd love to hear about that.

    Thanks Republicans, more votes like Bush and you'll completely ruin our country.

    Obama/Biden for a new America.

    October 3, 2008 03:32 pm at 3:32 pm |
  2. analogy

    I buy a car. One day it doesn't start. I go ask my neighbor to sell their house and give me $200,000 to try to get a tune up...but don't know if it will fix the problem. I give all of the money to the autoshop. They can't find the problem. I still have a broken car, my neighbor doesn't have a house, but the mechanic is REALLY happy (and no better at fixing cars).

    October 3, 2008 03:33 pm at 3:33 pm |
  3. TAYO, NY

    am speechless. I learned the bill has more than $100 Billion pork belly project ans McCain still voted for it.

    I wonder what he will say on the campaign train.

    Flip floper.

    Period!

    October 3, 2008 03:34 pm at 3:34 pm |
  4. Bruce

    To all that think this is a money grab. You really do not know what you are talking about. One thng is clear the fact that Bush and McCain kept saying the FUNDAMENTALS ARE STRONG shows they were trying to prevent this problem from happening untill after the election.

    October 3, 2008 03:35 pm at 3:35 pm |
  5. Palin 2012

    Economist

    And when he was president it was republicans with McCain at the top running the show...

    October 3, 2008 03:35 pm at 3:35 pm |
  6. Laura Kraemer

    The press continues to claim that the Obama- Biden ticket is the answer to the woes that we as a nation are currently facing. I struggle to understand why the Obama supporters are claiming that Obama is the person who is better qualified to do the job??? You are looking at a young law-school graduate with little experience as a “community organizer” who thinks the presidency would be a cool job to have. When I look at what Obama is proposing to “make America a better place” he is focusing on socializing medicine, setting a hard timeline for troop withdrawal in Iraq, and increasing taxes. What part of this do people don’t understand?!?!

    1. Obama wants to make healthcare accessible to everyone = socialized medicine. I don’t know about you, but I want my hard-earned dollars to work for me. I have worked hard to get where I’m at, and I refuse to carry the weight of some deadbeat on welfare who is too lazy to get out and get a job.
    2. Setting a hard timeline for troop withdrawal in Iraq = Obama has ZERO experience or knowledge as to how the military functions. He proposes a time line for withdrawal. Coming from the few of us who have been deployed and spent over a year over there, we all know that the Iraqi people will not comply with the strict timelines – the Iraqi’s know that (if they don’t meet the timeline) that the Americans will continue to do the job until we can convince the Iraqis to fulfill the agreement. THIS MUST BE A SYSTEMATIC PROCESS.

    Allowing Obama to win the presidential nomination is like lighting the fuse on a nuclear bomb – it will be nothing short of setting the nation on a path do disaster. Don't forget that he is of middle-eastern descent, and is a muslim. There are more items on the agenda then Obama will lead you to think. Ignorace is bliss.

    October 3, 2008 03:36 pm at 3:36 pm |
  7. Oppose Zig Zag Express

    "The United State of America’s nationalisation of Freddie Mac, Fannie Mae financial institutions and the giant insurance company, AIG, in order to save her economy shows that after all there is no such thing as total privatisation or capitalism, which the country promulgates and has be forcing on the rest of the world. That private capital only takes from the economy of a nation while public fund gives and sustains."

    From the above quote I hope McCain a.k.a "Mr Deregulator" realises that we in America know what is going on.

    We cannot wait for Nov.4th to vote Democrats in and the Rebublicans out.

    McCain, we want to know your stands on the Economy and not how well Palin was able to recite the lines prepared for her even with an ear piece prompter!!

    Your failure to explain your economic principles only shows that you are more of the same.

    I hear you let Michigan in a hoof!!, when will you be leaving Ohio, Penn. and Florida? Good ridance to bad rubbish.

    October 3, 2008 03:36 pm at 3:36 pm |
  8. tatanka

    THE 110 CONGRESS JUST ADJOURNED. THIS WAS WITH OUT THE MOST POLARIZED CONGRESS IN HISTORY. THE BIPARTISAN SHIP WAY OF DOING LEGISLATION WAS A THING OF THE PAST. AFTER THE 108 CONGRESS GOT THROUGH WITH ALL THEIR UNDER THE TABLE AND CLOSED DOOR POLICY CUTTING THE DEMOCRATS OUT OF THE LOOP. THE 109&110 JUST RETURNED THE FAVOR. THE RESULT WAS A BLIND FALL INTO RECESION FUTHER MORE THIS TIME NEXT YEAR WE WILL BE IN FULL DEPRESSION. THANKS TO BOTH PARTIES FOR NOTHING.

    October 3, 2008 03:37 pm at 3:37 pm |
  9. sharon in Dallas

    Don't vote for either party. Vote for a third party. There is no difference between the two parties. They all believe the same thing. MONEY is what they care about. LOTS of contribution money! Check out Ron Paul! Too bad he got bumped out of the game because he refused to take contributions from corporate America. Media doesn't like him. He was a threat to them too!

    October 3, 2008 03:37 pm at 3:37 pm |
  10. Tiffany

    As a recent college graduate, I would like to extend a special thank you to the Bush administration for derailing my dreams of buying a house, going to grad school, and owning a business so that they could "save the economy".

    Canada is looking great right now.

    October 3, 2008 03:37 pm at 3:37 pm |
  11. Karen

    Let's come up with a law to Impeach Bush... so he can step down out of office and let the elections be held today. This man has ran our country to the pitts of hell and back. The McCain/Palin will run the country even further if we allow dumb and dumber to get into office. Please Congress come up with a law that states if The President of the United States ran the country recklessly he must step down. I can name just a few that will start the wheel rolling. 1) Enter Iraq under false pretence 2) Lie to the people of the US that Iraq had WMD, 3) Turn a blind eye to Wall Street, that's a start.... Do us all of favor, let's get this President out of office and please don't put McCain/ Palin into the office. I can see the two of them everyday with their finger on the button.

    Obama/Biden '08

    October 3, 2008 03:37 pm at 3:37 pm |
  12. Professor

    We're ignorant democrats! We can't read, write, spell, think, or do simple math problems, and we're proud of it! We don't want any educated Republicans telling us how to construct sentences, do we?
    Go Obama/Biden!

    October 3, 2008 03:38 pm at 3:38 pm |
  13. MLG

    This whole mess is Bush's and the republican controlled congress's fault. The lack of personal responsibility he and other republican deregulators, such as McCain, displays is disgraceful.

    Those of you who are trying to blame Clinton need to get over yourselves. The man hasn't been President through 8 years and was 100 times the president Bush was, no matter how you spin it.

    October 3, 2008 03:38 pm at 3:38 pm |
  14. The Fab One

    What he REALLY said was 'all my buddies on Wall Street, we've been made. No more fat bonuses for anybody, we're outta here in 3 months'.

    What an idiot. And that's the NICEST thing I can say about him.

    October 3, 2008 03:39 pm at 3:39 pm |
  15. G in the A

    So where are Mr and Ms No Pork on the Bailout
    Palin still proved not to be Presidental Material
    If we vote those idiots Mccain and Palin in again we are lost for sure... Well I'm not, I'm Research Triangle Park NC and into a new tax bracket but I feel sorry for my brothers and sister left behind to deal with Bush's mess

    October 3, 2008 03:39 pm at 3:39 pm |
  16. PoliticoMike

    I think it's funny what this blog is about and everyone is really just talking about Biden & Palin. Love it!
    As Dem, I have to give Sarah her props for not being a complete idiot. Anyone can declare themselves a winner when the bar was so darn low, that 1 2 yr old would declare victory.
    I think she was so snub and acted snotty.
    Joe was informative, and I think his high point was when he got choked up about his kids. Enough about the Hockey Moms, how bout the Dads, we love and raise our children too!
    Sides, Hockey freaking SUCKS!

    October 3, 2008 03:39 pm at 3:39 pm |
  17. Cincinnatian

    When will this government do something that benefits me for a change? Bailout the billionnaires and give yourselves a raise...In the meantime, my neighbors and I are left out to dry. A bunch of B.S. from the comfy, Washington elite.

    October 3, 2008 03:41 pm at 3:41 pm |
  18. Wake-up America

    @ Democrat for John McCain:

    Barack wasn’t even in Congress yet when this all started, idiot. And yes Fannie and Freddie were pressured to extend mortgages to the lower limits to marginally qualified buyers in the mid 90’s. God forbid everyone would have a chance at the American Dream. But that explains Fannie and Freddie, bad decisions and President Clinton first warned of the issue in 1999. So what is your and your fellow greedy Republicans excuse for the rest of the Big Corporate Lenders to jump all over this bad practice for profit and now cry when the bottom falls out. It is the Republicans that have caused this crisis because as usual Greed, profits, and the ME First mentality.

    October 3, 2008 03:42 pm at 3:42 pm |
  19. indiePA

    Can he speak coherently about anything?? Who listens to him?? Gut feeling tells me that anything supported by Bush is based on lies and innuendo. Hopefully this payoff to the greedy bankers will, in fact, help those Americans who are suffering because of them; I'm sure it will help the Bush trust fund. Bush had 8 lo-oo-oo-ng years to correct any Clinton errors. The fact is, that like every other aspect of America that he destroyed, he was either oblivious to the problem or didn't care about taxpaying, loyal, patriotic American citizens. Who is going to be held accountable for this? Harry Truman said that the "buck stops here". Can you imagine Dubya taking responsibility for anything???

    October 3, 2008 03:42 pm at 3:42 pm |
  20. Joe Biden

    Let's have a big run of appluse for Joe Biden for is spectaclur performance in the date last night. Joe – You do look and sound "Presidential".

    October 3, 2008 03:43 pm at 3:43 pm |
  21. April Garlow

    The only people who will benefit from this bill are the Wall Street buddies of Congress.The recession/depression is barreling down on us like a freight train ,so the Congress put the American taxpayers out in front of it, to slow it down enough for the corrupt Wall Street Crooks to escape untouched.

    October 3, 2008 03:43 pm at 3:43 pm |
  22. Lemuel

    CNN pundit was saying the Senator who proposed the "shaft" ammendment for arrows then voted against his pork.

    I guess she never heard of ammending a bill to kill it.

    October 3, 2008 03:43 pm at 3:43 pm |
  23. YES!

    You guys are missing a huge part of this bill. The federal government has the right to sieze control of of any of the companies that they have "bailed out". This is the end of megacapitalism and the first step towards socialism. It is about time. I think there are too many billionaires and too many of us poor folks too. Let's even the playing field. The U.S. right now is a society of elites trampling the dreams of the norms. With Obama implementing some great government programs, things can only get better!

    October 3, 2008 03:43 pm at 3:43 pm |
  24. Brendan H., San Antonio, TX

    Taking financial advise from Bush is like getting a facial from a leper!

    October 3, 2008 03:44 pm at 3:44 pm |
  25. LB-NJ

    Hi your name is Joe and "YOU LOVE LEFTIST LIBERAL CANDIDATES"
    MCCAIN/ PALIN THE PATRIOTIC VOTE

    October 3, 2008 03:45 pm at 3:45 pm |
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