Replies to post #163240 on Simply Politics and News (GOV)

[sylvester80]

Bush: "Bailout plan necessary to deal with crisis"

Is it common for Republicans in denial to want to re-write history???

http://www.cnn.com/2008/POLITICS/09/24/bush.bailout/index.html

Bush said passage of the $700 billion bailout proposal was needed to restore confidence in the market.

"I'm a strong believer in free enterprise, so my natural instinct is to oppose government intervention," he said. But "these are not normal circumstances. The market is not functioning properly. There has been a widespread loss of confidence.

"Without immediate action by Congress, America can slip into a major panic."