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."

Full story


Filed under: Popular Posts • President Bush
soundoff (266 Responses)
  1. david

    JUST LIKE DEM 4 SAYS HE COULD CARE LESS IF YOU EAT OR YOU GO TO BED HUNGRY .THAT IS THE TYPE OF PRESIDENT WE HAVE.DONT CARE .

    July 15, 2008 12:27 pm at 12:27 pm |
  2. California Gold

    In 7 years this administration has run the country's economy in the ditch and he still trivializes the severity of the situation as "it's been a difficult time." No leadership. No responsibility. It's everyone else's fault, starting with Congress and ending with the voters. He reminds me of the fool on the Titanic who was busy right up to the end rearranging deck chairs.

    July 15, 2008 12:27 pm at 12:27 pm |
  3. Can't believe it

    I want to know who the 40-45% of McCain supporters are. 30% of them are Bush supporters but what about the other 15%? Racists, confederate southerners, and maybe people over 75 years of age. After 8 years of hell, why does almost half our country want Bush's clone to take office? This country scares the crap out of me

    July 15, 2008 12:28 pm at 12:28 pm |
  4. JOHN "MOHAMMAD AKMAD' JONES

    Actually times are great.....I made way more money last year then at any time in my life. Prices for homes are coming down so I have the ability as well to invest in real estate.

    Times couldnt be better

    McCain 08

    July 15, 2008 12:28 pm at 12:28 pm |
  5. Linda31

    Tough times but our markets are sound, right? Please, Bush sounds like is on the campaign trails for McCain with the consist attacks against the Democrats. FYI, this has been happening for awhile and it has only been a Democratic Senate for 2 years. Not Democrat fault, yours Bush and yours only.

    July 15, 2008 12:29 pm at 12:29 pm |
  6. Akinola - Houston

    GO AWAY BUSHBABY!

    July 15, 2008 12:29 pm at 12:29 pm |
  7. Joseph - Ohio

    As if this President has not done enough damamge. Sure go ahead, bail out the companies that helped put millions of Americans in the poor house. Hmm, how come this money is not available to the thousands of Americans about to loose their homes? The ONLY policy Bush has EVER been about is making sure the rich not only stay rich, but get richer. President Bush continues to rape this country. He is by far the worst and most damaging President of our modern times.

    July 15, 2008 12:30 pm at 12:30 pm |
  8. people say No to McCain

    Bush: 'It's been a difficult time'
    Posted: 12:00 PM ET
    not for Bush /Chaney/halliburton/McCain/EXXON and the companies that have the GOP in their pockets. i could never vote for John McCain, in so many ways he is an extension of Bush...the most disturbing is John McCain is in ti many peoples pocket...but NOT the American peoples pocket. we see now what the RNC has done through the public finance system...in regard to McCains character, The USS Forrestal, Keating 5, ENRON loophole, not knowing anything about the economy, adultery, not releasing his military records, his stand on immigration, NO votes on MLK, GI Bill, wanting to overturn ROEVWADE, he has some 59 lobbyist working in his campaign including Mr. Black...this is already the man in the white house, we don't need another carbon copy. i just feel John McCain is dirty.

    July 15, 2008 12:30 pm at 12:30 pm |
  9. Sue

    Hard Times??? you and your cronies are to blame for all the mess we are in! You and your buddies should be tried for crimes against humanity. McBush will continue the same policies, and run us the rest of the way into the ground!

    July 15, 2008 12:31 pm at 12:31 pm |
  10. Anonymous

    Actually times are great.....I made way more money last year then at any time in my life. Prices for homes are coming down so I have the ability as well to invest in real estate.

    Times couldnt be better

    McCain 08

    July 15, 2008 12:31 pm at 12:31 pm |
  11. Wayne, Greenville TX

    Bush: 'It's been a difficult time'

    Thanks to the total dishonesty and ineptness of George W. Bush and his accomplices. Bush's legacy so far – over 4,00 dead in an illegal war in Iraq, thousands of mortgages in foreclosure, and $4-a-gallon gasoline.

    Things were much better with a Democrat in the White House.

    OBAMA '08

    July 15, 2008 12:31 pm at 12:31 pm |
  12. Shane

    HE NEEDS TO DO MORE. HE HELPED GET OUR COUNTRY IN THIS MESS. HE IS NOT OUR PRESIDENT, HE IS OUR DICTATOR. SO IGNORANT. HOPE HIS ADMINASTRATION IS CHARGED WITH WAR CRIMES

    July 15, 2008 12:31 pm at 12:31 pm |
  13. Gorbashov

    Our national nightmare finally ends January 2009, and it can't come soon enough!

    July 15, 2008 12:31 pm at 12:31 pm |
  14. PG

    Not difficult for you Bush. You are making millions in oil profits and you have people like McSame that want to continue putting oil money in your off shore bank accounts.

    July 15, 2008 12:31 pm at 12:31 pm |
  15. Willis Portland OR

    If bush really want to help Americans all he needs to do is go on live t.v. and say a military option agans't Iran is off the table. It would pop the oil bubble on contact. Honestly I would have an easier time beliving in unicorns, them beliving that bush cares, even in the slighest for your typical american

    July 15, 2008 12:34 pm at 12:34 pm |
  16. nobushthirdterm.com

    Yeah, same old "it's hard" "it's tough" "it's hard work" excuses this administration has made for 8 years.

    It was a hard, tough job you claimed to have the chops for, Dubbya. Just admit you didn't have the skill set and leave.

    July 15, 2008 12:35 pm at 12:35 pm |
  17. Tjaye in LA

    Isn't credit over credit over credit how we got into this mess??

    July 15, 2008 12:35 pm at 12:35 pm |
  18. Mike Dallas

    Just another way to state it is all in our minds or the 21st century version of "let them eat cake"!

    July 15, 2008 12:35 pm at 12:35 pm |
  19. Joseph - Ohio

    Hey Fannie and Freddie, stop WHINNING! At least that is what I was told last week. Why does not that advice work for you? It is sad the very companies that raped people with sub-prime lending are now asking for our tax dollars to keep them rich all awhile people are loosing their homes in record numbers. We would hate to see any of the Fannie or Freddie Excecs miss their mortgage payments.

    July 15, 2008 12:35 pm at 12:35 pm |
  20. Chris - Hemet, Ca.

    Two months ago this useless fool didn't even know gas was approaching $4.00 a gallon. Iraq is a mess, Africa is in turmoil in many places, children worldwide are dying daily of starvation and disease, our great nation is on it's knees and this fool dances on the Whitehouse steps??!! Can anyone, ANYONE, tell me one good thing this idiot has done for this country in 8 years?

    July 15, 2008 12:36 pm at 12:36 pm |
  21. bob in L.A.

    George Bush has invented a new form of memory loss; it includes blindness.
    If he were think back to some of his decisions and thos of his cronies, he would see that many of our problems could have been stopped or diminished had they acted in the interest of the country and nor big business or personal gain.
    To say in his speech to day the markets are sound is laughable. When GM is speculated for bankruptcy, when major banks are fialing and American are losing jobs or having to take less pay or accept part-time work, the only sound market is the overseas market of buying American companies.
    And to blame the Democrats in congress is outrageous. He has veto power, the Republicans have the votes to stop an override and his party had 6 years of total control and we are in this mess regardless of this.
    It wasn't 911 that got us here, it was his war. It wasn't Katrina that strained our resources, we give 10 times that away in foreign aid when someone is in need.
    The buck stops at the top and he and his freinds put everyone they get their hands on in each others pockets.

    July 15, 2008 12:36 pm at 12:36 pm |
  22. I Can't Believe It , Either...

    Amen to that "Can't believe it"...This country is VERY scary!

    July 15, 2008 12:37 pm at 12:37 pm |
  23. AJ

    Bush says "Offshore drilling will provide a psychological effect"!!" We don't need another Psycho!!! In fact the reverse will happen – the baron's of middle east oil will reduce the oil output and cause the prices to go up so that they can make more money before the off-shore oil comes into the market 10 to 15 years from now. Does he know Reverse-Psychology???

    July 15, 2008 12:38 pm at 12:38 pm |
  24. Does ANYONE remember the oil spills???

    Honestly - what does lifting the offshore drilling ban do – NOTHING but hurt our cost. I live in California - I don't want them drilling here. Stupid BUSH - I hate you - go away!

    July 15, 2008 12:38 pm at 12:38 pm |
  25. BIFF HUSSEIN BIFFINGTON

    sigh....

    (is he 'still' here?)............

    July 15, 2008 12:39 pm at 12:39 pm |
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