Even though more than two-thirds of the Republicans voted AGAINST the George Bush-backed Wall St. bailout package on Monday, effectively killing it, Bush is still pushing his plan.
On national television today, Tuesday, Bush warned that the country would experience "painful and lasting" economic damage if Congress doesn't pass a bailout measure.
Bush said, “The consequences will grow worse each day if we do not act."
Added the soon-to-be former President, “Our economy is depending on decisive action from the government. I’m confident that we’ll deliver.”
But what action should that be?
Bush said, “As much as we might wish the situation were different, our country is not facing a choice between government action and the smooth functioning of the free market. We’re facing a choice between action and the real prospect of economic hardship for millions of Americans.”
As for the House's decision not to pass his plan, Bush said he was “disappointed by the outcome” but added that he can “assure our citizens and citizens around the world that this is not the end of the legislative process.”
To that he added, “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. I recognize that this is a difficult vote for members of Congress. … But the reality is that we’re in an urgent situation, and the consequences will grow worse each day if we do not act. … If our nation continues on this course, the economic damage will be painful and lasting.”
So what's going to happen then?
Who has the answer?
Unfortunately, Bush failed to take accountability for getting us into this mess in the first place!
[Image via WENN.]