Bush Calls Plan ‘Very Good Bill’

Posted September 28, 2008 at 6:33pm

President Bush Sunday evening called the Wall Street rescue legislation released by Congress “a very good bill” and urged lawmakers to act on it quickly. “I appreciate the leadership shown by Members on both sides of the aisle, who came together to write a very good bill,” Bush said in a statement. “This bill provides the necessary tools and funding to help protect our economy against a system-wide breakdown.” He also acknowledged that improvements were made to the bill. “Many Members of Congress contributed important ideas to improve the legislation my Administration proposed,” he said. “I appreciate the negotiators considering those ideas and incorporating them in this agreement.” Bush also warned Congress against failing to act. “Without this rescue plan, the costs to the American economy could be disastrous,” he said.