10-21-2008, 09:46 AM
and who signed it the bill into law? I dont think it was a Green Party President...
Historic Bailout Passes As Economy Slips Further - WSJ.com
Historic Bailout Passes As Economy Slips Further - WSJ.com
Quote:President George W. Bush signed into law an unprecedented $700 billion plan to rescue the U.S. financial system, one of the largest-ever government interventions in the nation's economy -- and almost certainly not the last.
Quote:President Bush and the leadership of Congress closed ranks and sweetened the bill with tax cuts. The compromise won wide support in the Senate Wednesday and passed the House on the second attempt on Friday by a vote of 263-171. President Bush signed the bill shortly thereafter.
Quote:President Bush again will reassure the public on the economy – and defend the government’s big financial rescue package – in a speech to the U.S. Chamber of Commerce in Washington on Friday. The speech – the latest of about two dozen public comments Bush has made on the financial crisis – is aimed at tamping down fears of a possible broader recession, as well as responding to complaints that Wall Street is getting the vast majority of the taxpayers’ largesse so far.