Bush Provokes Fear to Push for Bailout

Submitted by Anna on Fri, 10/03/2008 - 21:00

FOCUS | Dean Baker: Bush Provokes Fear to Push for Bailout
http://www.truthout.org/100408Y

Dean Baker, The Center for Economic and Policy Research: “This is the first time in the history of the United States that the president has sought to provoke a financial panic to get legislation through Congress. While this has proven to be a successful political strategy, it marks yet another low point in American politics. It was incredibly irresponsible for President Bush to tell the American people on national television that the country could be facing another Great Depression. By contrast, when we actually were in the Great Depression, President Roosevelt said that, ‘we have nothing to fear, but fear itself.’”