"Our entire economy is in danger," Bush said, urging Congress to take quick action and outlining his rationale for the bailout.What sitting President utters words like that? Most importantly how and why did Bush and the GOP let the situation get this bad in the first place?
Failing to pass a rescue plan, Bush said, would create the risk of a "long and painful recession" -- meaning more foreclosures, lost jobs, business failures, stock losses and difficulty getting loans.
"I'm a strong believer in free enterprise, so my natural instinct is to avoid government intervention," Bush said. "These are not normal circumstances. The economy is not functioning properly. ... Without immediate action by Congress, America could slip into a financial panic."
The true panic here is in the McSame camp. They are out of their minds right now. They are seeing the end of their run six weeks before the election.