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. Wisconsin

    ...

    Bush = McCain

    July 15, 2008 01:11 pm at 1:11 pm |
  2. aliou FLorida

    talk about 12 billions wasted in Iraq a months while katrina victims' meager supplies are returned to the administration: That is how hard it has been for you to understand common decency Mr. Bush.

    July 15, 2008 01:11 pm at 1:11 pm |
  3. Richard, FL

    "All the Problems that occured during the Bush time are terrible. But what is more terrible is that people are all blaming him."

    Wow! Complaining about the disastrous things he has done to our nation is worse that what he has done? The moral values of some people are beyond comprehension.

    July 15, 2008 01:11 pm at 1:11 pm |
  4. NickNas

    Was his old job telling the cows how great their lives were and what they had to look forward to...................................................................at the front door of the slaughter house????

    July 15, 2008 01:12 pm at 1:12 pm |
  5. Stephen Cincinnati, Ohio

    Look on the bright side folks, for the next 6 months at least you have someone to blame. If Obama wins life will still be unfair to you and then who can you complain about? Perhaps it's because of those stinking conservative judges on the high court, or the minority in the House or the Senate that'll be your new scapegoat. Why not direct your ire on the actual bad guys: bin Laden, Kim Jung Il, Akmadinajad, Mugabe?

    July 15, 2008 01:12 pm at 1:12 pm |
  6. Don

    really?????

    July 15, 2008 01:12 pm at 1:12 pm |
  7. Political Dunce

    I agree that this political mess is mostly from Bush and the Devil (Cheany). What I believe we over look is that both parties are responsible for this huge mess. We can not blame one branch or party for making the decisions. We need to hold the Reps and Senators accountable for what they have done!

    July 15, 2008 01:13 pm at 1:13 pm |
  8. Bill, Streamwood, IL

    When was the last time his motorcade stopped for gas and Bush got out to pay the tab?

    George Bush lost his credability in May of 2003 and his relevancy in November of 2006.

    I don't expect him to do anything (why change now?), but if he would just stop quacking like the lame duck he is.

    July 15, 2008 01:13 pm at 1:13 pm |
  9. Mike from Westchester

    Times are tough for most people – but not for Texas oilmen. Gee, I wonder how that happened? The added bonus for them is that in addition to making record profits on $145 a barrel oil they are using the crisis to get another thing they want – authorization to drill off the California and Florida coasts and in sensitive areas of Alaska. Win-win for big oil. Where is the leadership on conservation? Alternative sources other than nuclear? Even T. Bones Pickens get it. Why not the Republicans?

    Did everyone see McCain's Bush impersonation when asked about insurance company payments for Viagra vs. birth control. I guess after 8 years of Bush a totally blank, brainless, deer-in-the-headlights look now appears presidential.

    Electing John McCain = 4 more years of pain. Obama '08

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

    Everyone claims bush is so dumb, yet i don't think he is. He's been lying since well before he took office – and not just any lies, but unbelievably transparent lies. Yes, it takes a real idiot to tell such lies, but think of how stupid you have to be to believe them?

    Yes, bush is dumb – but he is actually less stupid than those who voted for him.

    July 15, 2008 01:15 pm at 1:15 pm |
  11. Rudy NYC

    Is he turning into a liberal as he nears the end?

    He has had a change of heart and help people who don't work in board rooms for a living?

    Has he lost his bearings?

    July 15, 2008 01:16 pm at 1:16 pm |
  12. Phil in KC

    "It's been a tough time." ????
    Well, duh.
    This is what happens when you elect some bozo because you think he'd be a great guy to grab a beer with, rather than someone who has a sterling educational background and a grasp on the issues. I don't want someone who's a common man like me. If I did, I'D run for president. Personally, I wan't someone who's a heck of a lot sharper than the average individual.
    Those who elected him are getting exactly what they deserved. The problem is, they've brought the rest of us down with them.
    You always hear our right to vote touted, but rarely do you hear about the other half of that equation – the duty to be an informed electorate. So, this time, people, PAY ATTENTION.

    July 15, 2008 01:16 pm at 1:16 pm |
  13. A NATION OF WHINERS

    OF COURSE IT HAS, ITS VERY DIFFICULT TO LOOT

    YOUR OWN NATION AND GET AWAY WITH IT.

    WHO SAID IT WAS EASY?

    July 15, 2008 01:17 pm at 1:17 pm |
  14. Doris,Memphis,TN

    Gramm + McCain + Bush = Stupid!

    The Republican Brand!

    What a Crock!

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

    Does anybody care what this guy has to say anymore. I don't

    July 15, 2008 01:18 pm at 1:18 pm |
  16. M Murphy

    These politicians make so much money, they don't know what a hard time is like. When was the last time they went to the store and had to make choices like... meat for dinner or milk for the kids. What a bunch of BS this rhetoric is like all the rest – fake and phony.

    July 15, 2008 01:18 pm at 1:18 pm |
  17. Cathy in MD

    “A difficult time for American families?" "Stress?” How did this imposter ever acquire top secret clearance? Does he even know the price of a gallon of milk? Somebody show this cowboy the door.

    July 15, 2008 01:21 pm at 1:21 pm |
  18. Fed up with cowboy admin...

    This cowboy is the biggest joke, Can he not step down right now 6 months ahead before he takes the country into more trouble? And let Obama to take over, Amen

    July 15, 2008 01:21 pm at 1:21 pm |
  19. norb

    The economy isn't that bad. Gas is only a little over 4 dollars a gallon. Just think if you lived in Europe? We only have lost a little over 4.000 troops since the war began and only a little over 30 thousand have been seriously injured. Not bad compared to other wars we had. Hell, in the Great Depression millions more people were waiting in food lines. Now, not so many. See, it's not so bad is it?
    Why hasn't this idiot been impeached a long time ago is beyone me.

    July 15, 2008 01:21 pm at 1:21 pm |
  20. Michelle, PA

    "It's been a difficult time", so we need to provide American families more CREDIT? How about figuring out how to shore up the dollar, gas prices, food prices, and wages so hard-working American families can EARN enough to have a decent quality of life without borrowing their monthly expenses?

    Idiot.

    July 15, 2008 01:22 pm at 1:22 pm |
  21. Bendo

    Dear John "Mohamed" Jones: I hope thats "satire" if its not then you join the band of idiots along with gwb.

    July 15, 2008 01:23 pm at 1:23 pm |
  22. TS

    Mr. Soon- to-be-former-president please do not touch anything – We have all witnessed what you are capable of and you have broken enough.

    You are a disgrace to this country and should just be quiet for the next 6 months unless of course you want to campaign for McCain…

    July 15, 2008 01:23 pm at 1:23 pm |
  23. Susan

    Well, I'm so relieved that we have such an eloquent and effective leader at the wheel. Happy now, red states?

    July 15, 2008 01:23 pm at 1:23 pm |
  24. jimmy velman

    CANADA, THE USA, LATIN AMERICA HAVE MORE OIL THAN SAUDI ARABIA ! WHY ARE WE, AMERICANS SUFFERING FROM OIL AND GAS SHORTAGES AND SKY ROCKETING OIL AND GAS PRICES WHEN THERE IS SO MUCH OF IT IN OUR HEMISPHERE.
    CHINA , INDIA, JAPAN GET ALL THE OIL THEY WANT AND THEIR
    PEOPLE ARE NOT SUFFERING AS MUCH AS AMERICANS AND THEIR ECONOMIES ARE THRIVING AND THEY HAVE MORE JOBS
    AND EMPLOYMENT. OUR EDUCATORS TELL US THAT AMERICA
    HAS FEWER HIGHLY EDUCATED TECHNOLOGY AND SCIENCE
    GRADUATES THAN EUROPE , INDIAM JAPAN AND CHINA?
    WHY IS AMERICA , THE GREATEST COUNTRY IN THE WORLD BEHIND IN EDUCATION? WHY DONT WE HAVE ENOUGH SCIENTISTS , ENGINEERS, HIGH TECHNOLOGY EDUCATED
    GRADUATES FROM OUR SCHOOLS AND UNIVERSITIES.
    WE HAVE THE BEST SCHOOLS TOO. "IT IS A PUZZLEMENT".

    July 15, 2008 01:24 pm at 1:24 pm |
  25. Not sleeping at the switch

    alone in VT July 15th, 2008 12:41 pm ET

    people have short memories.

    when home prices were going up people were not thinking Bush was crashing the economy.

    it MUST be an election year.

    and just what will be the price at the pump after 4 years of Obama

    it WILL STILL be over $3

    you heard it hear first

    LOLOLOL If Gas is 3 bucks years from now I say Obama is a MIRACLE WORKER!!!! Boy you just don't get it.

    July 15, 2008 01:24 pm at 1:24 pm |
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