Tonight at 9 eastern, President Bush delivers a formal speech to the nation. White House Press Secretary Dana Perino says the reason for the address; “Congress is coming closer to a solution on the 700 billion dollar bailout plan.” Reports indicate, Capitol Hill Republicans are saying Treasury Secretary Henry Paulson has agreed to add limits on pay for executives whose companies might benefit from the bailout. Critics of the plan, from both parties, have been demanding the change. As the White House prepares for the speech, they want Americans to understand, it is about fixing the financial system so it will not negatively impact retirement accounts, some mortgages, student loans, and other forms of credit. There is also hope the bail out plan will give employers the ability to do business and create jobs. Mrs. Perino contends, “as we are facing a once in a century crisis in our financial markets,” the nation will tune in to hear what President Bush has to say. The economic crisis in this country has also hit John McCain where it hurts, in the polls. The Washington Post/ABC News poll finds Democrat Barack Obama leading Republican John McCain in the White House bid. The national poll shows 9 points separates the candidates with Obama receiving 52 percent of likely voters to McCain’s 43 percent. The same poll shows Obama has a 14 point lead over McCain on the question of who voters trust to handle the economy. What needs to be done to correct the nations financial woes?
PRESIDENT BUSH ADDRESSES THE NATION
September 24, 2008 By 4 Comments