This from Talking Points Memo from this morning's G.W. press conference:

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At home, Bush ruled out any bailout of homeowners hit with foreclosures in the form of direct assistance. But he said "enormous empathy" is in order for such people and indicated he was open to some federal help for people to refinance and keep their homes.

"The word bailout _ I'm not exactly sure what you mean. If you mean direct grants to homeowners, the answer would be no," the president said.

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Should we bring up the assistance His Smugness received when his various business ventures failed? I thought not!