Party Differences & Driving Influences
Bush one hour before his TARP speech:
In the theater, the president was clearly confused about how the government would buy these securities. He repeated his belief that the government was going to “buy low and sell high,” and he still didn’t understand why we hadn’t put that into the speech like he’d asked us to. When it was explained to him that his concept of the bailout proposal wasn’t correct, the president was momentarily speechless. He threw up his hands in frustration.Excerpted from Matt Latimer's upcoming "insider" book about the Bush presidency.
“Why did I sign on to this proposal if I don’t understand what it does?” he asked.