July 15th, 2008
12:00 PM ET
10 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. McNo

    Bush hates America and this press conference only highlights that point. for the 59 million dumb Americans that voted for him your hatred for America is noted too.

    July 15, 2008 12:58 pm at 12:58 pm |
  2. Wisconsin


    Bush said we should of opened up drilling 7 years ago....

    What if we had made a push for clean energy and better cars years ago?

    Less reliance on Oil better, air quality, less demand/reliance on oil, but what do you expect from a White House powered by Big Oil.

    Even if we drill what is saying that Big Oil will overproduce to create a larger supply?

    McCain and Bush don't answer that.

    July 15, 2008 01:00 pm at 1:00 pm |

    62 = BAD MEMORY
    72 = WORSE MEMORY...

    O BOY

    July 15, 2008 01:01 pm at 1:01 pm |
  4. Hakim in Frisco Texas

    To: Not fooled by distractions, I totally agree with you. If we base these elections on who you can have a beer with. Then Bush would be President forever. I hope that sound judgement and not fear will lead this country to a new direction. Unfortunately Mr. McCain does not provide that new direction. Also, Bush said I'm 62 I don't remember everything, well McCain is 72, we hope he will remember things. All-in-all, this presidency has been a joke and the "political capital" he thought he had after winning in 2004 went right down the drain pretty quickly. BTW what happened to all that "politcal capital" he thought he had. Oh yeah he was swept away just like everything else when Katrina and Rita came.

    Obama '08 and '12.

    July 15, 2008 01:02 pm at 1:02 pm |
  5. David, New York, NY

    The "basically sound" mantra just goes on and on. These people must really think the public are complete fools.

    July 15, 2008 01:02 pm at 1:02 pm |
  6. carolflowery

    well, when President Bush speaks, things happen, he's right about everything he said, period.

    July 15, 2008 01:02 pm at 1:02 pm |
  7. Independent

    Wait a minute !! I thought the democratic congress was going to
    rescue us all. What has it been now? A little under 2 years and
    counting. I hear a lot of talking, but none of the magic that there
    was supposed to be ??

    July 15, 2008 01:04 pm at 1:04 pm |
  8. FEDUP

    Yet the race is close? What does that say about Obama? Blue collar, Hispanics, older white women, so many groups he is having trouble connecting with. Could be, Rev. White, Father Pfleger, Rezko or his lack of experience. His failure to conduct meetings on Al Qaeda in Afghanistan. His flip-flop on FISA, Iraq, and many more...I voted for Reagan because of Mondale and the last time I checked Mondale was white, so don't tell me it is a race issue. Obama is worst then Mondale, Carter, Dukakis,Kerrry, or Gore yet he is the presumptive nominee..

    July 15, 2008 01:04 pm at 1:04 pm |
  9. chico in AZ

    First a VERY late response on the Katrina disaster. Next, he waits until the final months to do ANYTHING for Israel and the Middle East issue. Now, with the nation's gas prices up and in continuance, after a good 8 months he has a plan.
    Is THIS the Texas standard? Is this the Republican standard? Well, I know for sure that it is not the American standard.
    Where would we be had President Lincoln waited until say 1863 to get involved with the South issue. How bout President Kennedy waiting for Kruschev to make the last move in Cuba before cutting a deal. Or wait! How about President Reagan standing by to allow the Soviet Union dictate history's fate.
    This President has none the less failed us. Had we focused on Afghanistan with alot more speed and resilience Osama would have been captured by now.
    He is a man of action and resolution, but at turtle speed. Too little too late is not going to cut it, it really never has in ANY situation. I think we, the American people deserve far better. I know we do.

    July 15, 2008 01:05 pm at 1:05 pm |
  10. karen-phoenix

    And Cindy McBush just made another 17 million on the Bud deal. We need real people in Washington!!!!!! NOT billionairs who can not relate to the 95% of America that makes average salaries!!!

    July 15, 2008 01:06 pm at 1:06 pm |
  11. VVA Member

    Hell, it's been a difficult eight years. Especially for those who have had to deal with a Stop Loss ( Which is the involuntary extension of a service member's active duty service under the enlistment contract in order to retain them beyond their initial end of term of service (ETS) date. The policy has been legally challenged several times, however federal courts have consistently found that military service members contractually agree that their term of service may be involuntarily extended.) Back door draft baby.

    McCain states that he knows how to "win wars."

    To that I say, B.S. Mr. McCain, B.S.

    July 15, 2008 01:06 pm at 1:06 pm |
  12. Phil Newton Murphy, Oregon

    Just waking up, Bush?

    Never mind. It's over. Let the McClone take your spot.

    July 15, 2008 01:07 pm at 1:07 pm |
  13. Bob Indianapolis, IN

    Wow, the Clown Prince is also the King of Understatement! Outliving your criminal administration will be a personal accomplishment for every freedom-loving American. How does it feel to be one of the most hated men in the world?

    July 15, 2008 01:07 pm at 1:07 pm |
  14. Keith

    Ugh, he makes me want to gag everytime I see him. Worst President in American history hands down.

    July 15, 2008 01:07 pm at 1:07 pm |
  15. Obama-Junkie, IL

    Bush is going down as one of the worst presidencies in US History. He will be tagged with the following:

    Sept. 11th
    Afghanistan War
    Iraq War
    The Housing/Mortgage Collapse of the 2000s
    Highest National Debt in history (~$10 trillion)
    Lowest decline in value of the dollar vs the euro in history
    Largest bankruptcy in history, ENRON
    Largest Savings & Loans failure since the 1980s/1990s S&L Crisis
    One of lowest GDP growth for a two-term president

    I could go on but I'm getting depressed....to heck with BUSH!

    July 15, 2008 01:07 pm at 1:07 pm |
  16. Don

    It looks like a lot of people are upset with the President. As they should be, but remember there is an election coming up in November. I hope that these same people are standing in line to vote. It is not going to change unless we do something about it. Then we can hopefully keep the Republicans out of office. Unfortunately I live in the city this current President will be returning to. Since he and his party have cost this country so much, I don't feel that we should be building him a library either.

    July 15, 2008 01:08 pm at 1:08 pm |
  17. anon

    What recession? I thought we were just in a economic slow down according to him. IDIOT!! I have to get me one of those desktop Bush countdowns. Must... make.. it.... to.... January...........

    July 15, 2008 01:08 pm at 1:08 pm |
  18. SG in SOCAL

    Who voted for this idiot?

    July 15, 2008 01:08 pm at 1:08 pm |
  19. Kathryn Irby - Metairie, LA

    To "Obama Supporter from Florida":

    No, Bush did not go to Harvard; not by a long shot! He went to Yale, with the political influence of ole' man Bush, of course, and wife Babs with her string of faux pearls. Bush was a cheerleader at Yale! How intellectual of him! I'm sure he was as rotten a cheerleader as he has been as a so-called "president"!!! Cheerleading was his prerequisite for his entry into Yale! Obama in 2009!

    July 15, 2008 01:09 pm at 1:09 pm |
  20. Tyrone

    It's all part of the grand plan to insure the survival of big business. Why be dependent on foreign oil when we can be dependent on big oil.

    July 15, 2008 01:09 pm at 1:09 pm |
  21. carrie hussein obama

    na na na na
    hey hey he hey

    July 15, 2008 01:09 pm at 1:09 pm |
  22. Pat Va


    July 15, 2008 01:10 pm at 1:10 pm |

    As tax payers do we still have to give Bush after office benefits?

    We should be able to put a lean on his earning to recoop the money for the war.

    July 15, 2008 01:10 pm at 1:10 pm |
  24. emtp JB

    This just reinforces the feeling that Bush is TOTALLY CLUELESS when it comes to how hard it is for Americans. It's easy for him to sit back and reap the benefits of higher oil prices and oh, by the way, there are citizens out there choosing whether to buy food or pay their bills, or buy gas. NERO FIDDLES WHILE ROME BURNS!!!

    July 15, 2008 01:10 pm at 1:10 pm |
  25. Kathryn Irby - Metairie, LA

    Rob, I certainly did not vote for this imbecile, so don't blame me! I never like his ole' man, much less him or that idiotic brother who was governor of Florida! LOL!

    July 15, 2008 01:11 pm at 1:11 pm |
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