How is the Bush financial crisis affecting average American families?
And how does this bipartisan plan help? A. The Bush financial crisis is hurting families all over the country. Working Americans are finding it more difficult to get loans to send kids to school, purchase a car, or buy a long-sought home, and the cost of borrowing is going up. Some American workers are losing their jobs, as businesses can’t get the credit they need for day to day operations or to make payroll. And this crisis is raising concerns for the tens of millions of Americans who are saving for their own retirement, as the credit crunch causes sharp drops in stock values. Failing to act to stem the Bush financial crisis would have put the nation at greater risk of a long and painful recession — meaning more home foreclosures, lost jobs, declining house prices, and failing businesses.. As Fed Chairman Ben Bernanke stated, “I believe if the credit markets are not functioning that jobs will be lost, the unemployment rate will rise, more houses will be foreclosed upon, GDP will con
