The White House: President Bush has stated the following on the Wall Street Bailout and the defeat yesterday by Congress, " But the reality is that we are in an urgent situation, and the consequences will grow worse each day if we do not act. The dramatic drop in the stock market that we saw yesterday will have a direct impact on the retirement accounts, pension funds, and personal savings of millions of our citizens. And if our nation continues on this course, the economic damage will be painful and lasting. " Bush 43 is making the same mistake his father did, his father raised taxes when he had promised on the Campaign trail that he would not, his son is now giving the biggest bail out in American History. Those that are arguing this point, only see the Wall Street point, what they fail to see or face the other way is the fact that if you do this bail out the entire structure of the Western Economy will change, in the future if a large company is going to go broke they will go to the government ask for a bail out, if the company has influence and lot of workers thus voters it will get a bail out. The USA will become the sick man of the Western World. Bush 43 has become Bush 41, what a sad end to a Presidency. Bush 43 will not be seen as great like Ronald Reagan but a man that deserted his agenda under elite pressure. Harry Truman and Ronald Reagan different parties but tough and resolute Presidents, not George W. Bush.
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