Crisis could be `long and painful` - Bush

Crisis could be `long and painful` - Bush	30.09.2008
US President George W. Bush says the US economy is depending on decisive action from the government on a financial bailout plan or the economic damage could be "painful and lasting". "I assure our citizens and citizens around the world that this is not the end of the legislative process," President Bush said a day after the House of Representatives rejected a $700 billion ($840bn) plan. "We`re at a critical moment for our economy and we need legislation that addresses the troubled assets ... allows the American economy to get moving again." "If our nation continues on this course the economic damage will be painful and lasting." The President described the situation as "critical". "It matters little what path a bill takes to become law. What matters is that we get a law. We`re at a critical moment in our economy," he said. Share this article Digg this Post to del.icio.us Post to Newsvine Post to Facebook Add to kwoff RSS What is this? NEWS.com.au is not responsible for the content of external sites. Share stories with friends in a click. Get your favourite NEWS.com.au content on your social networking profile. MySpace widget Facebook application Today`s Top Picks Bloodbath after bailout blocked AUSTRALIA`S market has been sucked into the vortex of global financial crisis after the Bush bailout plan for Wall St failed. Mayhem: Glasses becoming pub weapon of choice Safety: Qantas bleeds after watchdog savaging Climate: Rudd advisor toughens carbon cut goals Font size: +- Send this article:Print Email Search for more stories on this topic on Newstext, our news archive service. Click here Most Popular Blogs More Most Popular 1. Aussie shares in $55bn nosedive 2. Calls for Palin to quit race 3. Market meltdown: where to now? 4. Pub glasses becoming `weapon of choice` 5. Family Guy death sex scandal 6. Ledger`s daughter `cheated out of $12m` 7. Demi Moore sues New Idea 8. Student sees red over school hair ban 9. Today Tonight all White on the night 10. Family may sell home to find daughter 1. Stig it up your exhaust 2. Update I’m worried about dating a g... 3. I’m off for a week 4. Sometimes surely a girl just wants to f 5. So who won the presidential debate? 6. Playing defence to market turmoil 7. MacChat When your Mac is virtually a PC 8. A grim fairy tale indeed 9. A pants man and proud of it 10. Olympic facts you may not know Also in North America New York: Wall Street rebounds from carnage Washington: Crisis could be `long and painful` - Bush Los Angeles: Britney to take `Circus` on tour Washington: Shock as Congress `kills Wall Street` Ohio: McCain defends running mate Palin Washington: Bush vows to pursue economic rescue Colorado: Obama appeals for calm after bailout vote Washington: US negotiator to visit Pyongyang Video Watch this Video NOW! Paul Newman tributes flow in RUSSELL Crow and Leonardo DiCaprio describe the actor as the ultimate role model and icon. Latest videos Taken Out host`s dating tips A380 touches down in Sydney How to pour the perfect beer Discover what the future holds More Video Blogroll Ask Bossy Bossy update: I called the one-armed man... Blogocracy: It`s hello and goodbye from me Jack Marx Live: A grim footy finals fairytale Splat!:Can smoking dope win you an election? Money Stuff:Pollies put on notice by grey power MacChat: When your Mac is virtually a PC Squanderlust: Spendaholic finishes her mission ] Advertisement Tools Receive our news feed What is RSS? Receive our email newsletter Send us your news photos Send us your story tips News on your mobile Help\| Contact Us\| Advertise with Us\| Job Opportunities\| Terms & Conditions\| Privacy Policy\| Accessibility\| Sitemap\| News Headlines from Our Partners Copyright 2008 News Limited. All times AEST (GMT +10).

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09/30/2008		Hubble trouble delays shuttle launch
NASA has delayed the upcoming launch of the Atlantis space shuttle to allow time to repair a "significant anomaly" that occurred at the weekend on the Hubble space telescope

09/30/2008		Moscow neighbours `shouldn`t face bullying`
US president George W. Bush told visiting Lithuanian president Valdas Adamkus today Russia`s democratic neighbours, such as Georgia, should be able to exist "without fear of bullying"

09/30/2008		US negotiator to visit Pyongyang
US envoy Christopher Hill will travel to Pyongyang later this week to try to revive flagging negotiations aimed at North Korea`s nuclear disarmament, a US State Department spokesman said today

09/30/2008		McCain defends running mate Palin
REPUBLICAN White House hopeful John McCain today defended his running mate Sarah Palin amid growing criticism of the vice-presidential nominee, telling supporters "she`s going to be my partner in Washington"

Fewer jobs as economy slows

Employment...the number of jobs advertised in August fell for the fourth month in a row.

Fewer jobs as economy slows 09/08/2008


	01. 2009

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