Bush Makes Threats About Bailout Failure
 Tuesday, September 30th, 2008  by Connie T.

Image via R. Scott Jones

President George W. Bush gave another address to the nation today, and hopped it up with stark warnings about Congress' failure to pass a bank bailout package. Bush said that the nation is "facing a choice between action and the real prospect of economic hardship for millions of Americans." What is he, behind?

Pres. Bush warned that "this is not the end of the legislative process," and that he still expects a measure to be reached.

And since the legislation lost by only 12 votes, we highly encourage you to pick up the phone just once and have your voice heard!

GWB threatened that "the consequences will grow worse each day if we do not act," and that the "economic damage will be painful and lasting."

Even more ominous, Bush stated that "It matters little what path a bill takes to become law. What matters is that we get a law. We're at a critical moment for our economy."

It matters little how a bill becomes a law? What do they waste all that time on the legislative process in history classes for then? Keep your eyes peeled, though, because this could very well be the case.

As Congressman Ron Paul mentioned after Congress voted: the Fed just pumped over $600 billion of credit into the market this week without any Congressional approval. So they have the vehicle and the administration will attempt to get this bailout passed without the people's - and likely even Congress' - approval.

We'll be watching this situation very closely and will keep you posted.

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