CBS News: Reid Slams Bush Economic Policies, Promises Cooperation On Bailout (September 20, 2008)

Senate Majority Leader Harry Reid (D-Nev.) couldn't pass up a chance to slam President Bush's economic policies, but he promised that Senate Democrats would move quickly to take up the $700 billion Treasury bailout plan.

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"It is now self-evident that the Bush Administration's extreme hands-off policies have been disastrous," Reid said in a statement released by his office. "The middle class is suffering from rising prices and declining incomes, and now the world financial system is on the brink. The American people have every right to be outraged that we are at this point."

Reid added: "At the same time, we cannot allow ourselves to be in denial about the threat now facing the world economy. From all indications, that threat is real, and the consequences of inaction could be catastrophic.