Economy? Bush says, "Long Run Bounce Back"

Bush talks about - "Bouncing Ball Economy"
We Just Play Ball with Wall (street, that is)

by the way, "How are you enjoying the bouncing game so far?"

"Bounce Back Economy" says Bush, to reassure Americans about the cost and scope of the nation's financial bailout plan and said that in the long run "Our economy will bounce back."
(Question: "Who does he mean - "our"? Is that Bush and Buddies? I mean after all, he needs some kind of security because he is soon to be out of work, right?)

The bailout plan runs counter to Bush's oft-stated commitment to free enterprise and the president said he knew many Americans have reservations about the government's approach, particularly the Treasury's planned injection of up to $250 billion in U.S. banks in return for partial ownership stakes, something that hasn't been done since the Great Depression of the 1930s.

Since Oct. 9, 2007, when the Dow topped 14,000, investors have lost $8.3 trillion from pension funds, college savings plans, 401(k)s and other investments.

Bush, in his weekly radio address, acknowledged that people are concerned about their finances and...

"As a strong believer in free markets, I would oppose such measures under ordinary circumstances," the president said. "But these are no ordinary circumstances. Had the government not acted, the hole in our financial system would have grown larger, families and businesses would have had an even tougher time getting loans and ultimately the government would have been forced to respond with even more drastic and costly measures later on."

"The federal government has responded to this crisis with systematic and aggressive measures to protect the financial security of the American people," Bush said. "These actions will take more time to have their full impact. But they are big enough and bold enough to work." Congress gave Bush a $700 billion plan to buy bad assets from banks and other institutions to shore up the financial industry.