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Bush Calls Bailout Vital to Economy, Will Meet With McCain and Obama

Sep. 25, 2008
President Bush said yesterday that the credit crisis that has seized world markets could devastate the U.S. economy unless Congress acts quickly to approve a $700 billion bailout plan for the nation's financial system, a message aimed at reluctant lawmakers as much as a deeply skeptical public.
Related Stories from UPI.com

Merkel urges banks to accept bailout help

BERLIN, Nov. 1 (UPI) -- German Chancellor Angela Merkel said banks should take advantage of a $637 billion government bailout plan few have availed themselves of so far.

Gallup says bailout 'shocked' consumers

PRINCETON, N.J., Oct. 23 (UPI) -- Gallup polls indicate the U.S. public received "a major psychological shock" when it learned banks required a financial bailout bill, the research group said.

Norway raids bank for pre-bailout trades

OSLO, Norway, Oct. 23 (UPI) -- Norwegian authorities charged the country's largest bank with insider trading based on its alleged foreknowledge of a government financial bailout plan.

Banks may hoard bailout funds

NEW YORK, Oct. 17 (UPI) -- Bailout money meant to provide movement in the U.S. financial system may end up sitting still for a while, various bankers said.
Bailout has bank stakes, more FDIC action

Bailout has bank stakes, more FDIC action

WASHINGTON, Oct. 14 (UPI) -- A $250 billion direct stake in banks is among the planks included in the $700 billion bailout plan for the U.S. financial system, President Bush said Tuesday.

Germany to bailout banks with $671 billion

FRANKFURT, Germany, Oct. 13 (UPI) -- German Finance Minister Torsten Albig said Monday the government had proposed a $671 billion bailout plan for the nation's banks.

Bailout won't bail out all, Paulson says

WASHINGTON, Oct. 8 (UPI) -- The $700 billion U.S. financial bailout plan won't save every financial institution, U.S. Treasury Secretary Henry Paulson said Wednesday.
Bush says bailout will take time

Bush says bailout will take time

SAN ANTONIO, Oct. 6 (UPI) -- U.S. President George Bush, after having urged quick congressional action on the economic bailout plan, said implementing it would take time.
Bush signs bailout measure

Bush signs bailout measure

WASHINGTON, Oct. 3 (UPI) -- U.S. President George Bush signed into law the far-reaching rescue package for the U.S. financial markets passed by Congress.

Code Pink protesters see red over bailout

WASHINGTON, Oct. 1 (UPI) -- A group demonstrated in the Senate offices of U.S. presidential candidates John McCain and Barack Obama, protesting their support of a Wall Street bailout.
Economy depends on bailout, Bush says

Economy depends on bailout, Bush says

WASHINGTON, Sept. 30 (UPI) -- U.S. President George Bush Tuesday urged House members to reconsider the $700 billion financial markets bailout plan, predicting disaster if nothing happens.

Poll: More disapprove of bailout handling

PRINCETON, N.J., Sept. 29 (UPI) -- More Americans say they disapprove of the way most of the U.S. political leaders have handled the financial crisis, a Gallup poll indicated Monday.

McCain calls for passage of bailout plan

WASHINGTON, Sept. 28 (UPI) -- Republican U.S. presidential nominee John McCain said Sunday he hopes he will be able to support the Wall Street bailout plan pending before Congress.

Bush urges bailout plan support

WASHINGTON, Sept. 27 (UPI) -- President George Bush called on Americans Saturday to back his $700 billion Wall Street bailout proposal as negotiators met to craft the historic legislation.

House GOP rebukes Bush on bailout plan

WASHINGTON, Sept. 27 (UPI) -- A U.S. House Republican move to scuttle a $700 billion financial bailout bill is the culmination of frustrations with the White House, observers say.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch