July 15th, 2008
12:00 PM ET
6 years ago

Bush: 'It's been a difficult time'

Bush discussed the country's economic woes Tuesday.
Bush discussed the country's economic woes Tuesday.

NEW YORK (CNNMoney.com) - Under the backdrop of a deteriorating economic picture, President Bush said Tuesday he is taking action to help people with falling home values and high gas prices.

Watch: Bush says system 'basically sound'

Bush highlighted plans to stabilize the mortgage lenders Fannie Mae and Freddie Mac and lift the ban on offshore oil drilling as two steps his administration is taking to address some of the nation's economic ills.

Watch: Bush: A 'tough time'

'It's been a difficult time for American families," Bush said at a press conference. "We must ensure we can continue providing credit during this time of stress."

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Filed under: Popular Posts • President Bush
soundoff (266 Responses)
  1. r sisk, nevada

    Isn't it a shame that the comments posted are mostly agreeing that our President is an idiot. What a worldwide disgrace and abusive man this dork has been. He surrounds himself with idiots as well!!!!

    I think a safe thing for Congress to do is the exact opposite of what Dubya suggests. Look back at his tenure and he has done nothing that has worked out. Besides make the rich, richer.

    It will be a day of celebration when he is ousted from the Presidency. Obama will get us back on track.

    July 15, 2008 03:20 pm at 3:20 pm |
  2. H-ROD

    AND THERE ARE PEOPLE WHO WAN 4 MORE YEARS, IN THE PERSON OF JOHN MCCAIN AND THAT JUST WHAT YOU GET 4 MORE YEARS OF PURE HELL !!!!! (YES OBAMA CAN PULL US ALL OUT OF THIS MESS)!!!!!!!!!

    July 15, 2008 03:23 pm at 3:23 pm |
  3. CNN = Jerry Springer of news

    For the few of you trying to support GW by saying the banking crisis is not his fault, it is the fault of the CEOs fooling people who can not afford homes into taking mortgages, think again. What administration made these practices possible?? It is the Bushes and Phil Gramms of the world that pushed banking deregulation which stopped any government oversight of this practice. This let the predatory lendors out on the loose. Even if you are not one of those losing their homes, you are hurting almost as badly if most of your equity is in your home because this mess is also causing property values to decrease.

    July 15, 2008 03:25 pm at 3:25 pm |
  4. R. Cooper

    Yet his colleagues call this a "mental recession". Who is really out of touch here?

    July 15, 2008 03:26 pm at 3:26 pm |
  5. Hannah Stevens

    Does everyone realize what the so called conservative approach to business is? As few regulations as possible. So then these companies go wild, the mortgage lenders and other financial institutions, and billions of dollars, the key players then run off with the money and the businesses collapse and we get to bail them out. This happened with the S& L crisis of which another bush criminal was involved, Neil Bush in the 80's. When are we going to wise up. Never, I say never vote for a Republican unless you are in the upper 1%.

    July 15, 2008 03:29 pm at 3:29 pm |
  6. Jeff

    Just for whom is the economy improving? For the corporations you pray to, thats who. And your fellow millionaires in the church of greed. I only hope we survive the last months of an administration run by a redneck nitwit and a sociopath.

    July 15, 2008 03:30 pm at 3:30 pm |
  7. Pam

    189 days until he's out of office.

    July 15, 2008 03:35 pm at 3:35 pm |
  8. The Bu

    No "blankity-blank" Sherlock!!!!!!

    Ignorance begets ignorance! The Republicans are doomed this fall and you had all better thank the Idiot-In-Chief!!

    July 15, 2008 03:36 pm at 3:36 pm |
  9. Jamie Kane

    While we're at it, let's veto any new gun control laws, continue to outsource the "war on terror" to Blackwater, continue making Halliburton by far the largest war profiteer in U.S. History, redact any findings that the EPA comes back with on the state of our planet and get ready to blame the coming Depression on Barack Obama.

    July 15, 2008 03:43 pm at 3:43 pm |
  10. kcmookie

    To the Bush apologists on here who think we all simply want to blame everyone else. I agree to the extent that we must look in the mirror to a degree, but out leadership or lack of is what has helped us arrive at where we are.
    A failed war policy in Iraq,
    FEMA fiasco,
    $4 Gas,
    Housing Crisis.
    Constitution in shambles.

    Not all of these things can be completely laid at Bush's feet, but he played a very LARGE role in ALL of them, a much larger role then you or I did (I might be inclined to excuse the housing crisis, but again monetary policy and lax oversight played a role in that as well). I do believe he should be impeached and should never been allowed into office if for no other reason then he lacks the basic intelligence and leadership skills needed to guide a boat, let alone a Nation. He has been a pathetic failure, and while I am a proud American, he makes the thought of moving to Canada very palatable, and that is a very sad thought to have to admit.

    July 15, 2008 03:45 pm at 3:45 pm |
  11. Hannah Stevens

    And did you hear McCain call the Social Security program an abomination. The "conservatives" want to get rid of social security as it is costing businesses money and that would leave millions of elderly out on the street. Never vote Republican unless you are in the upper 1%.

    July 15, 2008 03:48 pm at 3:48 pm |
  12. John McShame, Obama Is Going to Tax You & Cindy, but Not Me & 95% Americans Making < $250,000/Yr

    war criminal....................blah...blah...blah.......

    July 15, 2008 03:49 pm at 3:49 pm |
  13. sherry for Obama

    I'm sure Bush isnt hurtin with all his Big Oil Money

    July 15, 2008 03:56 pm at 3:56 pm |
  14. Shelly

    It's been a tough time alright. Look who is in charge of Congress? The Dems. That's ok. Bush has broad shoulders.

    July 15, 2008 04:05 pm at 4:05 pm |
  15. James , Houston, TX.

    OK Georgie Tell that to Murdoch! Or do You tink he'll fire You at
    Dawn?

    July 15, 2008 04:08 pm at 4:08 pm |
  16. Herman in LA

    Think he's bad let McCain get in there...

    July 15, 2008 04:08 pm at 4:08 pm |
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