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Bush to address defeat of bailout legislation
KRQE ^ | 9/29/08 | staff

Posted on 09/29/2008 7:52:57 PM PDT by pissant

WASHINGTON (AP) - The White House says President Bush will make a statement early tomorrow to address the financial crisis and the House vote to reject a $770-billion bailout plan Bush and House leaders had been pushing.

The vote unnerved Wall Street, where the markets plummeted. The Dow dropped 777 points, the most ever in a single day. And there have been sharp declines in early Tuesday trading in Asia and Australia.

Just where lawmakers go from there is unclear. But both sides say a legislative fix is needed.

The legislation would have allowed a federal buyout of bad mortgages and other sour assets held by troubled banks and other financial institutions.

(Excerpt) Read more at krqe.com ...


TOPICS: Business/Economy; Government
KEYWORDS: 110th; bailout; boondoggle; bush; goergebush; presidentbush
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Good. Maybe he can cast his lot this next round with Pence, Hunter and the GOP conservatives.
1 posted on 09/29/2008 7:52:58 PM PDT by pissant
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To: pissant

Every time Bush goes on TV, McCain’s numbers drop further.


2 posted on 09/29/2008 7:54:37 PM PDT by Chet 99
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To: pissant
Good. Maybe he can cast his lot this next round with Pence, Hunter and the GOP conservatives.

That would be good but I'm not counting on it with all of the sell-outs in congress.

3 posted on 09/29/2008 7:54:38 PM PDT by frogjerk (MSM: We will not question Obama bin Biden...)
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To: pissant

Who cares. Hasn’t he done enough? Go home.


4 posted on 09/29/2008 7:54:52 PM PDT by Vermont Lt (I am not from Vermont. I lived there for four years and that was enough.)
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To: pissant

Where the hell where YOU Bush with your magical VETO pen?

Hmmmm?


5 posted on 09/29/2008 7:55:51 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: Chet 99
Every time Bush goes on TV, McCain’s numbers drop further.

Wrong, everytime McCain supports this BS bailout his numbers go lower.

6 posted on 09/29/2008 7:55:51 PM PDT by frogjerk (MSM: We will not question Obama bin Biden...)
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To: Vermont Lt
I'm sick of Bush persisting with the same old tired chit after the American people said loud and clear: NO!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

7 posted on 09/29/2008 7:56:10 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: frogjerk

” ... everytime McCain supports this BS bailout his numbers go lower.”

YUP!

The public doesn’t want it.

Republicans should stand FIRM AGAINST IT.

There are enough Demoncrats to pass this thing.

Let them pass it and really piss off the public.

That will DOOM the Obomination.


8 posted on 09/29/2008 7:57:36 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: pissant

When is someone going to start reporting the percentage of the market that went down instead of raw numbers?


9 posted on 09/29/2008 7:57:38 PM PDT by PhiKapMom ( BOOMER SOONER -- VOTE FOR McCAIN/PALIN2008! LetsGetThisRight.com)
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To: frogjerk

” ... everytime McCain supports this BS bailout his numbers go lower.”

YUP!

The public doesn’t want it.

Republicans should stand FIRM AGAINST IT.

There are enough Demoncrats to pass this thing.

Let them pass it and really piss off the public.

That will DOOM the Obomination.


10 posted on 09/29/2008 7:57:55 PM PDT by nmh (Intelligent people recognize Intelligent Design (God).)
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To: pissant

When is someone going to start reporting the percentage of the market that went down instead of raw numbers?


11 posted on 09/29/2008 7:58:08 PM PDT by PhiKapMom ( BOOMER SOONER -- VOTE FOR McCAIN/PALIN2008! LetsGetThisRight.com)
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To: pissant
Hang Seng now down over 6%.
12 posted on 09/29/2008 7:59:04 PM PDT by what's up
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To: pissant

“My fellow Americans...blah blah blah...chaos...blah blah blah...armegeddon...blah blah blah...free money for everyone...blah blah blah...”

By the way, who cares if everyone agrees that there must be a legislative solution? Why wouldn’t all legislatures push for a legislative solution? They’re legislators! Of course they think they’re important.


13 posted on 09/29/2008 7:59:44 PM PDT by Tublecane
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To: PhiKapMom

If you look at what the DOW closed at you should be able to figure it out.


14 posted on 09/29/2008 8:00:50 PM PDT by what's up
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To: what's up
Its not the end of the world!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

15 posted on 09/29/2008 8:01:03 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: frogjerk
Wrong, everytime McCain supports this BS bailout his numbers go lower.

By golly, I think you have found the magic button. Can you get this over to the McCain campaign -- Get on the same page as the American people, use the free market, no taxpayer bailout, you win -- STOP.

16 posted on 09/29/2008 8:02:14 PM PDT by Tarpon (Barrack Obama will ban all the guns he has the votes for ...)
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To: goldstategop

Neither was WWII but it would have been better not to go thru it.


17 posted on 09/29/2008 8:02:21 PM PDT by what's up
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To: pissant

Isn’t it sad how Bush squandered most of the conservative agenda? He had all that potential in front of him in 2001.


18 posted on 09/29/2008 8:03:08 PM PDT by Extremely Extreme Extremist
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To: Extremely Extreme Extremist

Yes, it is sad. He coulda been a contendah.


19 posted on 09/29/2008 8:04:29 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: what's up

bummer


20 posted on 09/29/2008 8:05:28 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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