Evasions, half-truths and lies Bush demands passage of Wall Street bailout
His claim that the rescue effort will help American consumers and businesses get credit to meet their daily needs and create jobs is patently untrue. There is a consensus in the financial press, especially outside the United States, that the bailout will accelerate the descent of the American and world economy into the deepest recession, if not depression, since the end of World War II.
I know many Americans have questions tonight, Bush stated. How did we reach this point in our economy? How will the solution I propose work? And what does this mean for your financial future?
These are good questions, he continued, and they deserve clear answers.
But no such answers were provided by Bush. Instead, he offered a bizarre narrative which presented the unfolding disaster as if it were the result of inexplicable cosmic forces.
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