CANDY CROWLEY, CNN SENIOR POLITICAL CORRESPONDENT: Let me ask you just because there is a couple of news of the day things I wanted to get you on. And the first is, are you going to bail out the auto industry?
GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES: We're considering all options.
CROWLEY: Is that a yes?
BUSH: Well, I've made it clear I'm concerned about two things. One, the financial markets and such that a disorganized bankruptcy could create enormous economic difficulties -- further economic difficulties.
And you know, I feel a sense of obligation to my successor to make sure there is not a huge economic crisis. Look, we're in a crisis now. I mean, this is -- we're in a huge recession. But I don't want to make it even worse and -- but, on the other hand, I am mindful enough putting good money after bad, so we're working through some options.
CROWLEY: So it sounds like you need some assurances from the auto industry to give them some sort of assistance.
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BUSH: Right, well we're just working on options. What you don't want to do is spend a lot of taxpayers' money and then have the same old stuff happen again and again and again.
CROWLEY: And you're -- know you can't it out of the existing money, that $25 billion stash and probably will have to take it out of elsewhere?
BUSH: We're looking at all options.
CROWLEY: OK. And how -- when -- and so how soon do you think?
BUSH: We, you know, we're told that the automobiles are, you know, teetering here or teetering there, and obviously taking in their concerns and taking in the concerns of all the stakeholders and we'll try to get this done in an expeditious way.
CROWLEY: But you can't be the president that oversees the collapse of the auto industry in the U.S.?
BUSH: Well, I am -- obviously I made a decision to make sure the economy doesn't collapse. I have abandoned free market principles to save the free market system. I think when people review what has taken place in the last six months, put it all in one package, they'll be able to realize how significantly we have moved.
And I'm so sorry we're having to do it. I'm not real happy about the fact that there have been excesses in the financial markets which are affecting hard-working people and affecting their retirement accounts.
Having said that, I am very confident that with time, the economy will come out and grow and people's wealth will return.