President Bush scrambled Friday to bring rebellious members of his own party behind a multibillion-dollar government bailout of the financial system amid bitter political recriminations from both Democrats and Republicans over collapsed negotiations.
Bush said that the $700 billion rescue plan for the U.S. financial markets is needed and must be passed quickly. The legislative process ‘is sometimes not pretty,’ Bush said.
Bush delivered a terse statement from outside the Oval Office of the White House, acknowledging that lawmakers have a right to express their doubts and work through disagreements, but declaring they must ‘rise to the occasion’ and approve a plan to avert an economic meltdown.
This video is from MSNBC.com, broadcast September 26, 2008.