After last week's G7 economic summit, Bush came back with a new plan: partially nationalize the economy. Instead of buying up all the mortgages, the new plan is to directly inject capital into the nation's banks. This comes as a surprise because this was proposed by Democrats but Republicans "publicly derided propsals" as recently as September 23, according to a recent NY Times article. Fortunately the administration and lawmakers are doing whatever it takes to get our economy back on track.
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