« Previous | Main | Next »

WH to Stephanopoulos: 'This is a Bullet You Only Fire Once'

Share

September 24, 2008 2:10 PM

ABC News' George Stephanopoulos Reports: Facing congressional opposition, President Bush will deliver a prime-time address, speaking directly to the nation on the current financial crisis and the details of his $700 billion rescue plan.

A senior White House official tells ABC News the president will make clear in his 9pm remarks that the "costs of not acting are far greater than the costs of acting."

The speech, which runs between 12 and 14 minutes long, will reach out to both parties and be non-partisan in tone. "Democrats won't need a response," the official says.

Bush's address to the nation has been carefully timed. Says the senior official, "This is a bullet you only fire once."

During an afternoon press briefing White House press secretary Dana Perino said the reason for the timing is that Congress is closer to a solution and the president feels he should speak directly to the American people and Congress.

"Everyone will tune in tonight because we are facing a once in a century crisis in our financial markets," Perino said.

By the time Bush speaks, the White House hopes to have a package ready for a vote. The White House is hopeful, but not convinced, the votes are there for passage -- they hope the president's speech puts votes over the top in their favor.

Bush's speech will be delivered from the State Floor of the White House.

September 24, 2008 in Bush, George W., Washington, White House | Permalink | User Comments (78)

User Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Haven't we heard his warning of an imminent event occuring before?

Bailout the people for a change and not the financial institutions.

Posted by: Enough is Enough | Sep 24, 2008 2:23:20 PM

4 MORE MONTHS..4 MORE MONTHS!!!

BUSH need to fade quietly into the night..

Posted by: Lawrence | Sep 24, 2008 2:25:22 PM

Weapons of Mass Destruction...act now!!!..yeah right lol

Posted by: Lawrence | Sep 24, 2008 2:26:19 PM

Once in a life time crisis and they want to give these same jokers that created this mess $700 billion. Boy know that makes sense! I say get the people who are facing foreclosure and negotiate a payment that they can afford, a little is better than none then write down their loans, most were predator loans anyway, and they should take what they can get.

Posted by: mike | Sep 24, 2008 2:29:02 PM

Once in a century? 1930's was only 78 years ago Bush its now twice in the same century you Republicans have screwed up the US economy and by the same means deregulation, and same crapola talking points of trickle down economics.

Posted by: depravedmaniac | Sep 24, 2008 2:29:40 PM

I honestly don't know why we would allow Bush or anyone else who was closely involved with the mess we have now, to be anywhere near that 700 Billion dollars. I saw that the FBI are now investigating the whole situation and that some people will be going to prison, including people from Washington.

Posted by: beck | Sep 24, 2008 2:31:26 PM

DUH

Posted by: Barney Phiffe | Sep 24, 2008 2:32:58 PM

The Great Decider to Talk, gee I know I'll be listening to something else.

Posted by: Lukeskytalker | Sep 24, 2008 2:34:11 PM

So reassuring. Now all of a sudden we can trust what Bush says?

Posted by: Center One | Sep 24, 2008 2:35:27 PM

at this point, its safer to ignore dubya then to pay any attention to him

Posted by: chris | Sep 24, 2008 2:41:33 PM

Hope he is thru quick. I do not want to miss CSI NY.

Posted by: jenny | Sep 24, 2008 2:42:40 PM

Unfortunately, we find it difficult now to trust anything this man has to say. He cried "wolf" too many times and consequently, no one believes him. What he says may be true and very important for all of us to believe and understand. But this is what happens when you lie to the people over and over and over again. This has indeed been a very difficult 8 years. Can't wait for January 20, 2009!!!

Posted by: geecee | Sep 24, 2008 2:49:49 PM

Get ready for the B.S. from this stuttering fool. Did he get advice from his buddy Bono ?

Ex Republican

Posted by: RGeier | Sep 24, 2008 2:51:47 PM

This is the problem when you have a president who has cried wolf one time too many. You lose all credibility and you lose you're ability to rally the country when you might really need to.

I think this might just be a time when he really needs to, but his ability to do so is extremely limited.

Posted by: Paul | Sep 24, 2008 2:53:50 PM

The problem I have with this bailout is what Bernanke and Paulson are NOT telling us. And that is on purpose. They wont tell us who gets the money and how much . They dont seem interested in helping the homeowner, just the banks who had their party and now cry the blues . They simply say that they misbehaved and its so dire we have to help them or the whole thing will crack up. There is no mention of crimminal charges against these clowns at all. It really does appear that Paulson and Bernanke fear that if these idiots arent bailed out, and they have royal authority to control it, the public outrage will get so bad the FBI SEC will have to step in and start arresting people. I believe Paulson and Bernanke want to cover up dozens of terrible secrets for friends on wall st and abroad.

Posted by: infoseeking | Sep 24, 2008 2:55:44 PM

Is the fundamentals of our economy not learning?

Posted by: ricky | Sep 24, 2008 2:58:45 PM

You can always tell when a Bush is lying, there mouth is moving. And I mean all of them Bush 41, Lil Bush and Jeb. No one knows better than the Republicans that supported these people and were stabbed in the back. Better to have socialism for the workers than socialism for the rich.

Ex Republican

Posted by: RGeier | Sep 24, 2008 2:59:19 PM

Hope he explains how the Secy. of the Treasury will value those WMD intelligence reports. We are buying bad paper, right?

Posted by: ricky | Sep 24, 2008 3:00:43 PM

I hope he has better luck than when he was in the oil business in Texas.

Posted by: ricky | Sep 24, 2008 3:02:12 PM

McSame should deliver the speech. Same policies!

Posted by: mudge007 | Sep 24, 2008 3:02:53 PM

Post a comment