Washington, Sep 25: US President George W Bush on Wednesday, Sep 24 said that the entire US economy is in danger while pressing for a massive financial bailout to get over the crisis.
In a rare television address to the nation Bush said "We are in the midst of a serious financial crisis," "Our entire economy is in danger." Speaking in dire terms, Bush pushed for a $700 billion government rescue plan. His move was aimed at explaining the package to the American public, and also to keep pressure on frustrated and angry lawmakers to work out a bipartisan deal fast.
"The goal is to help the government buy up troubled assets so that credit can start flowing again and the economy will rebound," Bush said. He added that the rescue is aimed at helping the country, not individual companies.