In order to prevent the financial collapse of the United States, George W Bush is now advocating that the United States has no option other than to 'socialize' major financial institutions in order to repair the damage caused by 'free market capitalism'. Hell has frozen over, and GWB wants you to buy him and his buddies ice skates... very very very expensive ice skates.
Oh, and another thing... You have to do this now. Don't take time to mull your options or the world will end. Trust George W Bush, he knows how to end the world if anyone does.
Bush warns entire economy is in danger
By JENNIFER LOVEN, Associated Press Writer
Wednesday, September 24, 2008
09-24 19:42 PDT WASHINGTON, AP --
President Bush said Wednesday that lawmakers risk a cascade of wiped-out retirement savings, rising home foreclosures, lost jobs and closed businesses if they fail to act on a massive financial rescue plan. Our entire economy is in danger, he said.
Without immediate action by Congress, American could slip into a financial panic and a distressing scenario would unfold, Bush said in a 12-minute prime-time address delivered from the White House East Room that he hoped would help rescue his tough-sell bailout package. Ultimately, our country could experience a long and painful recession.
Said Bush: We must not let this happen.
The unprecedented $700 billion bailout, which the Bush administration asked Congress last weekend to approve before it adjourns, is meeting with deep skepticism, especially from conservatives in Bush s own Republican Party who are revolting at the high price tag and massive private-sector intervention by government. Though there is general agreement that something must be done to address the spiraling economic problems, Bush has been forced to accept changes almost daily, based on demands from the right and left.