Emanuel Statement on President Bush's Legacy

WASHINGTON, D.C.—Today, in response to the unprecedented steps taken by the Federal Reserve to stabilize the U.S. economy and the buy-out of New York investment bank Bear Stearns by J.P. Morgan, U.S. Representative Rahm Emanuel (IL) released the following statement about President Bush’s legacy:

“President Roosevelt inherited a divided country facing a possible world war and suffering an economic Depression. At the end of his presidency, our country was united, we were on our way to defeating fascism and we saw a great middle-class expansion.  President Bush inherited a strong economy and a country longing to be united.  At the end of his presidency, our country is isolated from the world, we have seen a rise to Islamic fascism, and have entered a period of the highest middle-class economic anxiety in recent American memory.”