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. FLORIDA Voter for Barack Obama

    Ok, stop with the news on Bush. He's as idiot.

    July 15, 2008 12:13 pm at 12:13 pm |
  2. Phil, FL

    He also said to bear with him, "at age 62 his memory isn't so good"

    Scarey, isn't it?

    Maybe upper age limits should be put on the POTUS position – not just minimum, but maximum too.

    July 15, 2008 12:14 pm at 12:14 pm |
  3. ANGIE

    YES BUSH IT HAS AND ITS ALL THANKS TO YOU AND CHEANY THANKS ALOT BUSH FOR NOTHING PLEASE SOMEONE IMPEACH THIS MAN GROW SOME DEMOCRATS BUSH HAS 6 MONTHS LEFT LOOK AT THE DAMAGE HE CAN DO OBAMA08

    July 15, 2008 12:15 pm at 12:15 pm |
  4. dr.no

    yes,thanks to you and your supporters,like JOHN MCCAIN!

    July 15, 2008 12:15 pm at 12:15 pm |
  5. LT in Cali

    "Providing credit during this time of stress."

    Isn't credit part of the problem? The last thing that families need is to add to their problems by paying out more interest when they are struggling with their current credit woes.

    This man is the most clueless person I have ever seen. Why does he think we are doing well and that our economy is progressing?

    July 15, 2008 12:16 pm at 12:16 pm |
  6. Peter of Oregon

    It'll be a difficult time if Keating 5 McCain is elected President since he supports the Bush economic policies and that his top economic advisor thinks that this is a country of whiners and that the recesion we're in is a figmant of our imagination...

    July 15, 2008 12:16 pm at 12:16 pm |
  7. Dem 4 Obama, PA

    He couldn't care less!

    July 15, 2008 12:16 pm at 12:16 pm |
  8. The Clear Thinking Independent Voter

    I had the pleasure of see President Bush’s news conference this morning. He read prepared remarks, the details of which he clearly was uncomfortable with. I then saw him attempt to answer reporters questions doing what I thought was a poor job of keeping on topic. At one point, he remarked something to the effect of , “I’m 62, I don’t remember everything you’ve asked”.

    Immediately following, Senator Obama presented his comprehensive, detailed, foreign policy plans for the nation. It was a well thought out treatise and he had command of the details in a way that I’ve not seen from either George Bush or John McCain. His intellectual superiority as compared to these two gentlemen was clear.

    Moreover, I don’t know when I’ve heard a politician in recent years, including ALL 100 Senators in Congress, discuss an action plan with a schedule and the resources (people, dollars, equipment) so completely specified. It puts to rest every criticism ever uttered by ANY opponent of Barack Obama. These were strategic solutions that reflect a masterful understanding of the lessons of history, the stimuli that move the human spirit of all on Earth into action, combined with the benefits that Superpower status affords the United States.

    Bravo Senator … mindless critics be silent now.

    July 15, 2008 12:17 pm at 12:17 pm |
  9. Enlightened Voter

    He nor mccain could care less and we all know it, even the repuglicans. What a sham! BTW Georgie, porgey, thanks for creating this mess we're in.

    July 15, 2008 12:18 pm at 12:18 pm |
  10. al

    ***********************************************

    FINALLY SOME REALLY CHECK. NOT JUST A FIGMENT OF IMAGINATION. WE HAVE A PROBLEM AND IT'S .........................YOU.

    July 15, 2008 12:18 pm at 12:18 pm |
  11. Greg, NY

    No jokes from me on this. Bush is too easy.

    July 15, 2008 12:19 pm at 12:19 pm |
  12. Steve

    It's true.

    Between the collapsing economy, the war based on false pretenses, the contempt for civil rights, the stolen elections, etc., the last seven and a half years has been a VERY difficult time.

    July 15, 2008 12:19 pm at 12:19 pm |
  13. Marilyn, Powell, Ohio

    Wonder if he now knows gas is $4.00 plus a gallon; you know, like the rest of us knew when he didn't know?????? He'll sick in his rocking chair in Crawford counting his money while the rest of us will try to keep food on our tables.

    July 15, 2008 12:20 pm at 12:20 pm |
  14. Loretta from California

    oh, so now he wants to help.

    DEMOCRATS UNITE!!!

    July 15, 2008 12:22 pm at 12:22 pm |
  15. Enlightened Voter

    Notice how whatever Obama does, McCain copies? Obama has been saying since day one that afghanistain was the real problem while mccain with all his so called 'experience' was stuck on Iraq. Now mccain is saying he has a plan for afghastain. What a joke. Bet you'd trade some of your experience for an ounce of Obama's judgement huh mcwar????

    July 15, 2008 12:23 pm at 12:23 pm |
  16. T-n-EP

    Remember, this is the same person that said "I haven't heard about $4/gl for gas" – when he was asked about the rising prices in gas.

    He's been full of it and I bet he's just as anxious, perhaps more, than us to leave the W.H. - shamely in such a MESS!

    July 15, 2008 12:23 pm at 12:23 pm |
  17. Jeff, AL

    Bush could not care less about the average American's daily financial struggles. His lack of economic leadership here at home is what has led to current troubles.

    July 15, 2008 12:23 pm at 12:23 pm |
  18. David, Virginia

    You steered us right into this mess. Disregard for the most important things in life is the cause of your Arrogance and our now continuation of addiction to oil. You are such an idiot, and so are the people who think drilling more oil is a good idea. Stop being so selfish, it will help us get out of this rut.

    How do you get out of a hole? Dig deeper? ... Uhhhh no.

    July 15, 2008 12:23 pm at 12:23 pm |
  19. Anonymous

    NOW HE ADMITTS THE AMERICAN PEOPLE ARE STRUGGLING? GET OUT OF HERE MAN, YOU'RE CRAZY.

    July 15, 2008 12:23 pm at 12:23 pm |
  20. James M. Holmes, Denver CO

    Bush SAYS the banking system is "basically sound"... NOW I am worried.

    Just take the OPPOSITE of anything he says and you will find the truth!

    July 15, 2008 12:24 pm at 12:24 pm |
  21. Willis Portland OR

    I have true pity inside myself for people who still support this man

    July 15, 2008 12:24 pm at 12:24 pm |
  22. HSNP

    GWB, King of the Idiots.

    July 15, 2008 12:25 pm at 12:25 pm |
  23. Real Americans Vote Issues

    "Difficult Time"? "Economic Slowdown?" "Mental Recession?" Is it just me or does it feel like the Republicans keep trying to tell us not to look at the man behind the curtain... and just keep NOT paying attention?

    July 15, 2008 12:25 pm at 12:25 pm |
  24. Pat Riot

    I don't get him. He takes one step towards state's rights by lifting a symbolic ban on off-shore drilling and then turns around and pitches an idea for increased federal oversight for the mortgage industry. Just stop the spending and stop the war. The dollar will rebound and the market will correct itself.

    July 15, 2008 12:26 pm at 12:26 pm |
  25. Kathryn Irby - Metairie, LA

    Yes, George W. Bush, it has "been a difficult time", and I just wonder why? It would be because of you, you idiot! This rotten economy shall become your legacy for our grandchildren to read about in their history books. That part, I love! However, currently, average American citizens are paying the price for your rotten economy!!!!

    July 15, 2008 12:26 pm at 12:26 pm |
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