voa标准英语2008-Bush Says Economic Meltdown Forced Aggressive In

President Bush says the ongoing¹ financial crisis has forced him to endorse² aggressive government intervention³ in numerous economic sectors⁴ in spite of his core, free market principles. President Bush restated his desire to prevent the U.S. auto⁵ industry from going bankrupt, while stressing that federal intervention should be temporary.
　 COLLAPSE⁹: collapse" bordercolor="#111111" cellspacing="0" cellpadding="0" width="15%" align="right" border="0">

President George W. Bush pauses during remarks to the American Enterprise Institute in Washington, 18 Dec 2008

President Bush came into office eight years ago with an agenda of low taxes and limited government. But, in a wide ranging discussion in Washington, Mr. Bush admitted that the economic meltdown of the last year has forced him to set some of those principles aside.

The latest example is a rescue package the administration is contemplating⁶ for troubled U.S. automakers. An earlier attempt at a rescue plan passed the U.S. House of Representatives, but the measure failed in the Senate.

Mr. Bush noted⁷ that the U.S. auto industry employs millions of people, and that it is on the brink⁸ of collapse. "I am worried about a disorderly bankruptcy¹⁰ and what it would do to the psychology¹¹ and the markets," he said.

Mr. Bush said he intends to act, but has yet to decide how best to do so.

Earlier this year, Congress approved a $700-billion financial rescue package. Mr. Bush said he disliked the idea of such massive government expenditure¹² and intervention, but that he had been warned of a possible economic catastrophe¹³ worse than the Great Depression if no action were taken.

The president was speaking at a gathering¹⁴ of the free market policy organization, the American Enterprise Institute. He was asked to respond to accusations¹⁵ from Democrats¹⁶ that his economic agenda sowed the seeds of the financial crisis.

"I'm looking forward to the true history of this financial crisis being written," said Mr.Bush. "No question part of the crisis came about because of excesses in lending in the housing market. My administration early on expressed concern about implicit¹⁷ government guarantees in the mortgage industry, in Fannie and Freddie."

Fannie Mae and Freddie Mac are government-sponsored mortgage insurers that have benefited from the financial rescue package.

Mr. Bush added that he understands the frustrations¹⁸ of ordinary Americans whose tax dollars are propping¹⁹ up corporations because of what he described as the "excesses on Wall Street."

The president, whose term ends next month, also expressed disappointment that free trade pacts²⁰ with Colombia and Panama have not been ratified²¹ during his time in office.

1 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

2 endorse   

vt.(支票、汇票等)背书，背署；批注；同意

参考例句：

• No one is foolish enough to endorse it.没有哪个人会傻得赞成它。
• I fully endorse your opinions on this subject.我完全拥护你对此课题的主张。

3 intervention   

n.介入，干涉，干预

参考例句：

• The government's intervention in this dispute will not help.政府对这场争论的干预不会起作用。
• Many people felt he would be hostile to the idea of foreign intervention.许多人觉得他会反对外来干预。

4 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

5 auto   

n.(=automobile)(口语)汽车

参考例句：

• Don't park your auto here.别把你的汽车停在这儿。
• The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。

6 contemplating   

深思，细想，仔细考虑( contemplate的现在分词 )； 注视，凝视； 考虑接受（发生某事的可能性）； 深思熟虑，沉思，苦思冥想

参考例句：

• You're too young to be contemplating retirement. 你考虑退休还太年轻。
• She stood contemplating the painting. 她站在那儿凝视那幅图画。

7 noted   

adj.著名的，知名的

参考例句：

• The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
• Jim is noted for arriving late for work.吉姆上班迟到出了名。

8 brink   

n.(悬崖、河流等的)边缘，边沿

参考例句：

• The tree grew on the brink of the cliff.那棵树生长在峭壁的边缘。
• The two countries were poised on the brink of war.这两个国家处于交战的边缘。

9 collapse   

vi.累倒；昏倒；倒塌；塌陷

参考例句：

• The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
• The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。

10 bankruptcy   

n.破产；无偿付能力

参考例句：

• You will have to pull in if you want to escape bankruptcy.如果你想避免破产，就必须节省开支。
• His firm is just on thin ice of bankruptcy.他的商号正面临破产的危险。

11 psychology   

n.心理，心理学，心理状态

参考例句：

• She has a background in child psychology.她受过儿童心理学的教育。
• He studied philosophy and psychology at Cambridge.他在剑桥大学学习哲学和心理学。

12 expenditure   

n.(时间、劳力、金钱等)支出；使用，消耗

参考例句：

• The entry of all expenditure is necessary.有必要把一切开支入账。
• The monthly expenditure of our family is four hundred dollars altogether.我们一家的开销每月共计四百元。

13 catastrophe   

n.大灾难，大祸

参考例句：

• I owe it to you that I survived the catastrophe.亏得你我才大难不死。
• This is a catastrophe beyond human control.这是一场人类无法控制的灾难。

14 gathering   

n.集会，聚会，聚集

参考例句：

• He called on Mr. White to speak at the gathering.他请怀特先生在集会上讲话。
• He is on the wing gathering material for his novels.他正忙于为他的小说收集资料。

15 accusations   

n.指责( accusation的名词复数 )；指控；控告；（被告发、控告的）罪名

参考例句：

• There were accusations of plagiarism. 曾有过关于剽窃的指控。
• He remained unruffled by their accusations. 对于他们的指控他处之泰然。

16 democrats   

n.民主主义者，民主人士( democrat的名词复数 )

参考例句：

• The Democrats held a pep rally on Capitol Hill yesterday. 民主党昨天在国会山召开了竞选誓师大会。
• The democrats organize a filibuster in the senate. 民主党党员组织了阻挠议事。 来自《简明英汉词典》

17 implicit   

a.暗示的，含蓄的，不明晰的，绝对的

参考例句：

• A soldier must give implicit obedience to his officers. 士兵必须绝对服从他的长官。
• Her silence gave implicit consent. 她的沉默表示默许。

18 frustrations   

挫折( frustration的名词复数 )； 失败； 挫败； 失意

参考例句：

• The temptation would grow to take out our frustrations on Saigon. 由于我们遭到挫折而要同西贡算帐的引诱力会增加。
• Aspirations will be raised, but so will frustrations. 人们会产生种种憧憬，但是种种挫折也会随之而来。

19 propping   

支撑

参考例句：

• You can usually find Jack propping up the bar at his local. 你常常可以看见杰克频繁出没于他居住的那家酒店。
• The government was accused of propping up declining industries. 政府被指责支持日益衰败的产业。

20 pacts   

条约( pact的名词复数 )； 协定； 公约

参考例句：

• Vassals can no longer accept one-sided defensive pacts (!). 附庸国不会接受单方面的共同防御协定。
• Well, they are EU members now and have formed solidarity pacts with members such as Poland. 他们现在已经是欧盟的一部分了并且他们和欧盟成员诸如波兰等以签署了合作协议。

21 ratified   

v.批准，签认（合约等）( ratify的过去式和过去分词 )

参考例句：

• The treaty was declared invalid because it had not been ratified. 条约没有得到批准，因此被宣布无效。
• The treaty was ratified by all the member states. 这个条约得到了所有成员国的批准。