THE WHITE HOUSE Office of the Press Secretary _________________________________________________________________ For Immediate Release September 26, 2008 STATEMENT BY THE PRESIDENT REGARDING THE NEGOTIATIONS TO FINALIZE LEGISLATION ON THE FINANCIAL RESCUE PACKAGE Oval Colonnade 9:40 A.M. EDT THE PRESIDENT: Good morning. My administration continues to work with the Congress on a rescue plan. And we need a rescue plan. This is — it’s hard work. Our proposal is a big proposal. And the reason it’s big and substantial is because we got a big problem. We also need to move quickly. Now, anytime you have a plan this big, that is moving this quickly, that requires legislative approval, it creates challenges. Members want to be heard. They want to be able to express their opinions, and they should be allowed to express their opinions. There are disagreements over aspects of the rescue plan, but there is no disagreement that something substantial must be done. The legislative process is sometimes not very pretty, but we are going to get a package passed. We will rise to the occasion. Republicans and Democrats will come together and pass a substantial rescue plan. Thank you very much. END 9:42 A.M. EDT
Samuel R. Staley, Ph.D. is a senior research fellow at Reason Foundation and managing director of the DeVoe L. Moore Center at Florida State University in Tallahassee where he teaches graduate and undergraduate courses in urban planning, regulation, and urban economics. Prior to joining Florida State, Staley was director of urban growth and land-use policy for Reason Foundation where he helped establish its urban policy program in 1997.