Analysis: Bailout blues may help define Bush term Yeah, right. As though it wasn't already defined.

By BEN FELLER, Associated Press Writer

WASHINGTON - Talk about a rough way for a Republican president to end two terms in office: The era of big government is back.

Just when the war in Iraq is going better, President Bush finds himself with a domestic crisis so vast it could redefine how he is remembered. To save a tanking economy, Bush is backing a bailout of historic proportions, brimming with federal intervention and taxpayer risk and a pile more debt.

Bush did promise to sprint to the finish. No one expected Wall Street to line the track with hurdles.

Aggressive lending to people with spotty credit led to record foreclosures, which imperiled investment houses and froze credit, the lifeblood of the economy. The upshot for people trying to make sense of it all: plummeting stock values, rising unemployment, shrinking confidence.

It could be much worse. And it will be. That is, Bush says, unless Congress acts fast to approve a bailout plan worth a staggering $700 billion. . .
http://news.yahoo.com/s/ap/20080924/ap_on_go_pr_wh/bush_bailout_blues

LOL. More than 60 percent of American historians already consider him Worst President Ever. http://hnn.us/articles/48916.html.

I doubt this will help that earlier evaluation.

THE WAR IN IRAQ IS GOING BETTER!!


GMAFB...