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Monday, January 12, 2009

Cavuto: Bush Showing His Generosity on Our Dime

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Neil Cavuto, Managing Editor & Anchor

Associated Press

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Don't let this last press conference fool you.

President Bush is still the President. And for another seven days, will remain President.

Capable of doing some big things.

And if today is any indication, writing some big checks, too.

Here's the deal:

Say what you will of President Bush and his record...no doubting his magnanimous transition efforts and apparently, his generosity.

On our dime.

The administration making it clear that if Barack Obama wants access to that remaining 350 billion in TARP money...it's all but his money.

There is that nagging issue of Congress, of course.

But do you really think Congress will not give what its incoming President wants?

So consider this:

Not only has the president already spent $350 billion to help goose the economy, but he's committed another $350 billion up front for the new guy to do the same.

Never mind the fact the new guy already has big spending plans of his own...

The guy on his way out seems to be trumping even those.

Both parties hoping, as Senator John McCain himself acknowledged with me last Friday, that the issue isn't whether the government spends money, but whether, in the end, a trillion more bucks will cover it.