Posted on 10/02/2008 5:53:33 PM PDT by snugs
Today the President attended a meeting with business leaders regarding the financial crisis at the Eisenhower Executive Office Building.
Pray for President Bush -- Day 2941 - McCain/Palin--Day 35.
Today is also the vice presidential nominees debate between Alaska Gov. Sarah Palin and Sen. Joe Biden, D-Del., at Washington University in St. Louis, Mo.
Enjoy Sanity Island
QUOTE OF THE DAY
President Bush Meets with Representatives of American Businesses on the Economic Rescue Package
Room 350
Dwight D. Eisenhower Executive Office Building
THE PRESIDENT: I want to thank the job creators who have joined me here today to talk about the state of the economy and the need for the House of Representatives to pass the bill that passed the Senate last night with an overwhelming bipartisan majority.
Our discussion today centered around credit. I know there's a lot of discussions in the newspapers and on TV about the credit freeze. Well, let me tell you what this means. It means that if you're running a small company and you need to make payroll, or you need to make sure you got inventory to be able to sell a product, or you want to expand so you can hire somebody, you need to have credit. You need to be able to have money on a regular basis from your local banker.
And the problem is, because people are worried about their future, they're worried the government won't act, credit is frozen. People aren't lending money from bank to bank or they're not lending money to our medium- and small-sized businesses.
And that means people's jobs are in jeopardy. And the bill that's before the House of Representatives tomorrow is a bill that has got the best chance of providing liquidity, providing credit, providing money so small businesses and medium-sized businesses can function.
A lot of people are watching the House of Representatives now to determine whether or not they will be able to act positively on a bill that has been improved. People say, what do you mean by that? Well, the insurance for the FDIC goes up to $250,000. That's an improvement to the legislation -- not only for banks but for credit unions, as well.
And so I'm talking to people who are, you know, who come from the heartland, that understand what's taking place in our economy today; people who understand that the House of Representatives needs to pass this piece of legislation.
And I want to thank you all for going up and telling these members of Congress what's on your mind and how this affects your businesses at home, and how it affects the communities in which you live. This thing -- this issue has gone way beyond New York and Wall Street. This is an issue that's affecting hardworking people. They're worried about their savings, they're worried about their jobs, they're worried about their houses, they're worried about their small businesses. And the House of Representatives must listen to these voices and get this bill passed so we can get about the business of restoring confidence.
Thank you very much.
PHOTOS OF THE DAY
President George W. Bush delivers remarks during a meeting with representatives of American businesses on the Economic Rescue Package Thursday, Oct. 2, 2008, in the Eisenhower Executive Office Building. The President said, "I want to thank the job creators who have joined me here today to talk about the state of the economy and the need for the House of Representatives to pass the bill that passed the Senate last night with an overwhelming bipartisan majority." White House photo by Eric Draper
Republican vice-presidential candidate Sarah Palin carries her son Trig as she deplanes at Lambert Field airport in St Louis, Missouri.
President Bush, center, speaks to reporters during his meeting with business leaders regarding the financial crisis at the Eisenhower Executive Office Building across from the White House in Washington, Thursday, Oct. 2, 2008. Also pictured from left to right are Mary Andringa of Vermeer Corp., Pella, Iowa; Peter Perez of Carter Products Company, Inc., Grand Rapids, Mich.; Bush; Sandra Westlund-Deenihan of Quality Float Works, Schaumburg, Ill.; and Ronald Bullock of Bison Gear and Engineering Corp., St. Charles, Ill.
President Bush speaks to reporters during his meeting with business leaders regarding the financial crisis at the Eisenhower Executive Office Building across from the White House in Washington Thursday, Oct. 2, 2008.
President Bush pauses while speaking to reporters during his meeting with business leaders regarding the financial crisis at the Eisenhower Executive Office Building across from the White House in Washington Thursday, Oct. 2, 2008
President Bush walks out of the Eisenhower Executive Office Building, which is apart of the White House complex, with Chairman of the Council of Economic Advisors Ed Lazear after a meeting with business leaders Thursday, Oct. 2, 2008, in Washington
Television reporters assemble outside the site of a scheduled vice presidential debate between Alaska Gov. Sarah Palin and Sen. Joe Biden, D-Del., at Washington University in St. Louis, Mo., Thursday, Oct. 2, 2008
President George W. Bush is introduced on stage prior to his address Wednesday evening, Oct. 1, 2008, at the United Services Organization (USO) World Gala in Washington, D.C. White House photo by Chris Greenberg
First Lady Laura Bush holds the hand of first grade student Anna German with classmate Colin McMerty as she waves to the rest of the class at the Bismarck Municipal Airport Thursday Oct. 2, 2008 in Bismarck, N.D. North Dakota First Lady Mikey Hoevenis at center.
First Lady Laura Bush listens to the Sims Scandinavian Lutheran Prairie Church parishioners in rural Morton County, N.D., on Thursday, Oct. 2, 2008 during a potluck meal in the church basement.
Evenin’ snugs!
Great pics & coverage of today’s events.
I’m kinda gettin’ myself into a tissy with worry over how Sarah is gonna do tonight at the debate.
re:8
Laura’s lookin’ as beautiful as always. :)
Congratulations to the winners
THANK YOU for posting the DOSE tonight!
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MUST READ . . .
PLAN WILL SAVE FREE MARKET, NOT DESTROY IT
By REP. JOHN CAMPBELL
This free-market, Milton Friedman devotee, conservative Republican congressman will be voting strongly in favor of the $700 billion bailout for Wall Street. What, you ask? Has the California sun fried my last brain cell?
No. I will vote for this bill because it will likely not cost anything, is not a bailout of anybody and will help every American with a bank account, a job or a retirement plan. It also will save the free market, not weaken it.
Allow me to explain.
You can read the enire editorial here:
http://www.ibdeditorials.com/IBDArticles.aspx?id=307841412617296
Thank you, snugs!
Sarah was terrific on tonight’s debate. She came though like a trooper. I LOVED IT!
Sarah won big time, the whole main stream media has been portraying her as a half wit and she showed the world that she is an outsider that does not hang with the inside the beltway club Joe Biden and the empty suit he has signed on with
What a great night :)
Thanks for the ping.
MIKE! How nice to see you back on the Dose. How are you?
No toaster? :(
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