Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Bush Defers to Obama on Second $350 Billion in Bailout Fund

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 09:11 AM
Original message
Bush Defers to Obama on Second $350 Billion in Bailout Fund
Bush Defers to Obama on Second $350 Billion in Bailout Fund
By Phil Mattingly, CQ Staff


President George W. Bush announced Monday he will not request the second half of the controversial $700 billion financial bailout fund until and unless President-elect Barack Obama asks him to move.

Bush, speaking at his last press conference before he leaves office Jan. 20, said, I have talked to the president-elect about this subject. And I told him that if he felt that he needed the $350 billion, I would be willing to ask for it.

However, Bush added, He hasnt asked me to make a request yet. And I dont intend to make a request unless he specifically asks me to make it.

Obliquely acknowledging the fierce resistance such a move is expected to provoke on Capitol Hill, Bush suggested that the best course of action, of course, is to convince enough members of the Senate to vote positively for the -- for the request.

Once the president either Bush or Obama officially requests released of the remaining funds in the Troubled Asset Relief Program enacted last October (PL 110-343), Congress will have 15 days to block the move through a resolution of disapproval.

more...

http://www.cqpolitics.com/wmspage.cfm?parm1=5&docID=new...
Printer Friendly | Permalink |  | Top
Kokonoe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 09:22 AM
Response to Original message
1. Yes, Obama will ask Bush for help.
Bush will bend over. He said so.
;-)
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat Oct 25th 2014, 03:41 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC