Bush addressed the Economic club of New York Friday (Getty Images)
NEW YORK (CNNMoney.com) – President Bush acknowledged Friday the country was facing challenges both in the housing and financial markets, but said that the strength of the underlying economy would help it maneuver through this difficult period.
Speaking before The Economic Club of New York, Bush said he was confident that the government action take so far would help get the economy back on track.
"Theses are tough times," he said.
He also called on Congress to take additional steps to help alleviate the woes resulting from the housing crisis, including reforming government-sponsored enterprises Fannie Mae and Freddie Mac. He also pushed lawmakers to modernize the Federal Housing Administration and to extend tax cuts on capital gains and set to expire in the coming years.
I am right down the block from him at this moment, and trust me, you can smell the stink all of the island of Manhattan. Enough bush, you are over, we want Clinton back now!!!
Please explain how Bush policies have effected the credit crunch and not the American populations speculation for greed? Yeah, lets see, i can't afford a house, but i'll buy it cause the price will go up forever... Forever. Makes sense Doug. Point the finger at anyone but ourselves. I'd hate to work with/for you looking for a scapegoat, take ownership.
Oh my God- President Bush is actually saying something on the economy! I don't remember the exact date but somewhere in New Mexico in an economic forum around 18th month into his first term, President Bush replied to a question about White House spending by saying...
Accounting is not easy... it is a very difficult thing... I have been in the White House for over 18 months and I am still trying to figure it out....
Anyone who says President Bush has not made improvement during the years is just simply wrong ::))
It will take years for the Democrats to get us back to where we were after Bill Clinton left us with a surplus..I don't know about you but I'm hurting..
It is indicative of what America thinks of Bush's intelligence that we aren't sure that the statement "Theses are tough times" is a typo error or something that he said because he doesn't know any better.
I gues GW woke up from his nap ! Go back to sleep ...
What we need to do now of course is elect a liberal tax and spend socialist with all the answers (Obama) or another corporate hack named Clinton and we can all go gloriously down the tubes together. And PLEASE don't even mentioned Bush clone McCain. As Ollie used to say to Stanley, "Here's another fine kettle of fish you've gotten us into." Well folks. You elected this dimbulb twit. Not once but twice. Hope you're happy.
Today the New York Federal Reserve Bank took steps to bail out a huge bank there, Bear Stearns (I think). So, what is happening all over the country is the government allowed these crooks in the mortgage and bank markets to steal and cheat people to the point our economy is taking a HUGE HIT.
What do we do? The same thing we do whenever the fat cats get too greedy, the same thing we do when the President sends our people and money to Iraq, or oil goes up, WE THE PEOPLE PAY FOR IT.
Lets get the most honest President we can find. In my mind that is Obama because the other two contenders (well actually Hillary isn't technically a contender except in her own mind) will only continue the same game.
"These are tough times." Way to sum it up, dubbya.
"Fortunately we recognized the slowdown early and took action." The slowdown began last year. A sloth could have taken faster action.
What an observation from a guy that didn't see $4 gas coming.
This president is the worst! Hey Mr. president our economy sucks it's called a recession. Stop your denials. Liar! As long as it doesn't hurt your pockets I guess it's o.k.
Your are going to be in the history books as the worst president in America. Can you deal with that. Oh I forgot you don't care. You are a legend in your own mind.
This is like a monkey in the desert noticing that there are no trees. But with simian consistency, the monkey will surely blame Bill Clinton. I wonder what McMonkey has to say about this?
The sad part is the monkey's trees all died because he forced lower smog standards into law.
Is this guy even relevant anymore?
Not much to say here but tick tock
Talk about unconnected with reality
This guy lives on another planet evidently. A statement like this would have to come from a Uranusite. From someone who has never experienced a tough time in his gilded, protected life. Please go away, back far, far away. May the force help you. Hurry.
Hugging Henry Kissinger tells the whole story.The sellout is completed boss.
If you consider that George bush inherited Mr. Clintons recession and then the country was attacked by the people that Clinton let get away, isn't it any wonder that there are economic issues.
Thanks for noticing, captain obvious....where have you been GW? Oh wait....on vacation
BROWN EYED BULL
"These are tough times," he said. .... Boy, you can't get much past this guy.... COME ON NOVEMBER!!!
How this moron was able to talk his way into the Whitehouse is still one of the mysteries of the Century. Bush doesn't have a clue, and anyone with an IQ above their resting heart rate can see that...
If only people would of listen to us about Bush....
Now if only people would listen to us about Obama. If you think this guy inexperienced has got us upside down just think what Obama wil do to us!
This the worst President we have ever had in the White House. Eight years and he hasn't done a thing right.
The economy is bad. Duh?
Why is this guy still president?