Bush didn't admit ANY responsibility for the financial mess.
It was the fault of Americans taking advantage of easy credit, he said. Sure, that was part of the problem but how about the ease in which mortgages could be broken up and sold into little pieces of junk. Why was everyone looking the other way? What about the predatory lenders?
Bush takes credit for stepping in to fix the problem.
Bush doesn't make any mention of help for homeowners. I guess that's because he blames Americans.
He didn't answer why? Why the urgency?
Obama and McCain's joint statement:
CNN: Presidential hopefuls John McCain and Barack Obama issued a joint statement Wednesday night on the economic crisis stating "now is a time to come together — Democrats and Republicans — in a spirit of cooperation for the sake of the American people."
Released about 15 minutes before President Bush's scheduled televised address on the economy, the joint statement labeled Bush's proposed economic bailout plan as "flawed."
"The plan that has been submitted to Congress by the Bush Administration is flawed, but the effort to protect the American economy must not fail," the statement said.
In a separate statement, Obama outlined five principles he said were necessary for the proposal.