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WASHINGTON - President Bush readied a prime time speech to the nation and Treasury Secretary Henry Paulson accepted a major change in legislation for a $700 billion bailout of the financial industry on Wednesday as the administration scrambled to prevent further deterioration in the economy.
WASHINGTON - President Bush is thinking of giving a speech to the nation on the ailing financial markets, the White House said Wednesday, amid persistent criticism of a $700 billion bailout plan and the Federal Reserve chairman's warning that economic growth depends on it.
Meanwhile, Bush's chief spokeswoman, Dana Perino, revealed that the president is considering a formal speech to the nation — his first such talk in over a year — and said the country is at risk of a "calamity" without bold action to calm down the markets and soothe nervous Americans.
Reflecting the urgency of the situation, White House officials revealed that Bush had taken Air Force One back to Washington from a meeting of the U.N. General Assembly in New York and said he was canceling a planned fundraising trip to Florida to help the Republican Party. Bush had canceled a similar trip last week.
Perino said Bush has been trying to address the public's many questions and concerns and was weighing whether, when and where to have such a speech.
Mah fellow Mericans,
This be trajedy times for the banks and we must do al we can to support them. Please support my good frens Paul and George ... uh Ringo ... uh Secretary Paulson, yeh thats who I meant ... as they try to help merica out of this bad times ... it the democrat terrorists 9/11 fault!
Press secretary Dana Perino said the president wants to tell the American people how the crisis affects them and help them understand the depth of the problem.
Press secretary Dana Perino said the president wants to tell the American people how the crisis affects them and help them understand the depth of the problem.
We had all better hope that he is not preparing to declare a national state of emergency.
Originally posted by 2stepsfromtop
SARCASM ON
Mah fellow Mericans,
This be trajedy times for the banks and we must do al we can to support them. Please support my good frens Paul and George ... uh Ringo ... uh Secretary Paulson, yeh thats who I meant ... as they try to help merica out of this bad times ... it the democrat terrorists 9/11 fault!
Lookie! I wrote it for him already!
[edit on 24-9-2008 by 2stepsfromtop]