George Bush on Bank Bailout 2008
on Tuesday, September 17, 2013George Bush Money Quotation saying at a White House meeting in September of 2008 that credit accessibility and bank bailout was needed or the economy could crash. George Bush said:
“If money isn’t loosened up, this sucker could go down” — George Bush
Share the George W. Bush Money quote image above on your site:
Short Link to this Quote:
Said about a month before “Bloody Friday” on October 24, at the beginning of the great recession of 2008. when the stock market lost 10% on the same day that the Great Depression began with “Black Friday” in 1929.
This quote suggests that George Bush believed that if more money was not made available or “loosened up”, the economy was at risk of a downturn or recession (“going down”). He appears to be referring to government spending or monetary policies aimed at stimulating the economy during a period of uncertainty. The “sucker” likely refers to the economy.
The quote implies that Bush thought injecting more funds into the economy through government actions could help prevent a worsening of economic conditions. However, without more context it’s hard to say exactly what policies or scenario Bush had in mind when he made this statement.