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. John Ret. Air Force

    How's that free market working out for ya? Aren't ya sorry we didn't privitize social security? Let's all invest in the market! That way at least the rich people will have plenty of money when the rest of us go down. Let's all pledge allegence to the United Republic of Corporate America-or -take the country back! The free market ? How come we owe our sole to the company store-oh wait that's China.

    July 15, 2008 01:48 pm at 1:48 pm |
  2. MCCAIN IS THE MAN

    Bush had to clean up what Clinton left behind. Clinton ignored Osama when he should have done something about him in 93. Bush is just getting stuck with what the DEMO-craps left behind. Remember, Clinton WAS impeached in one arena because of the jerk he was. Can't get much worse than that. And to think we almost had ANOTHER Clinton in office. Thank God that's out of the question. Now we have a MOHAMAD supporter waiting in the wings. Do y'all REALLY want to give up the freedom that our military has been fighting for, for centuries? I doubt people who have fought so hard for it, and going to vote demo-crap and risk losing it all to a foreigner!

    MCCAIN IN 08!

    July 15, 2008 01:48 pm at 1:48 pm |
  3. Michael Lorton, Virginia

    I have always heard that the "first lie" is the hardest, but of course one can define a "lie" as misinformation........right? And believe we have had a tremendous amount of "misinformation" these last eight years.

    July 15, 2008 01:49 pm at 1:49 pm |
  4. aware

    Don't just blame Bush, and don't vote for "Dr. No Obama" and the dawdling Democrats – drill now and go with every other conceivable energy opportunity! :)

    July 15, 2008 01:49 pm at 1:49 pm |
  5. Marta, MO

    Well, the American people and the Supreme Court are responsible for putting him in there. We have no one to blame but ourselves. However, I've never voted for a Bush or a Clinton. My record is clean and my conscious is clear.

    Obama 08

    July 15, 2008 01:52 pm at 1:52 pm |
  6. Suzie

    Come on November 4th......tick tock.............

    Obama 08

    July 15, 2008 01:53 pm at 1:53 pm |
  7. MikeH

    It's not so difficult for the wealthy pigs who plundered this countrie's wealth, and want to continue to do so.

    Hey Bush how are your 'Haves' and 'Have More' friends? Hey Cheney, how many millions did you make under the table from Haliburton's Iraq war profiteering?

    But I'm just in a mental recession, the largest bank failure in America's histroy this last weekend is just an excuse to whine, eh Phil? By the way Phil, how are your Oil Speculator buddies getting along? Are they making enough millions?

    July 15, 2008 01:54 pm at 1:54 pm |
  8. Montana is Obama Country

    **

    Doesn't he just remind you of "Larry the Cable Guy"...!!!

    ***

    July 15, 2008 01:54 pm at 1:54 pm |
  9. Jean

    WE THE PEOPLE will vote for a new president who really cares about this country. Impeach GW and let's move on.

    Obama 08

    July 15, 2008 01:54 pm at 1:54 pm |
  10. Jamaal Kansas

    Here is the worst President in America giving late warning and no solution to fix any common problems Bush you are the weakest link GOOD BYE. Take old MCBUSH with you!

    July 15, 2008 01:55 pm at 1:55 pm |
  11. Obama-Junkie, IL

    BREAKING NEWS: Bush Hits New Low: Ties Carter Approval in Polling!

    Bush is now at a 28% approval rating. Once other banks like IndyMac start failing (current estimate is that at least 15 are worse off than IndyMac) and continuing bad news concerning jobs (like GM's announcement) come out over the next two months, Bush's approval rating will be at the Nixon level of 22%. I predict Bush will set another milestone during his Presidential terms, like highest increase and total national debt in US history, which will be the lowest presidential approval rating ever!

    July 15, 2008 01:55 pm at 1:55 pm |
  12. Chris D

    So when Freddie and Fannie were busy handing out $245 MILLION in bonuses to their hirelings, the public didn't see any of that. But now that those pampered executives' poor planning has the companies in trouble, the public has to bail them out?

    Just say no to new spending.

    July 15, 2008 01:55 pm at 1:55 pm |
  13. Donna, NC

    See what happens when you don't do well in school kids? Any young person out there who wants to become the president, should take a lesson from GW and study....hard. Don't grow up to be an idiot, have your party put you in office without the right qualifications, and throw the country to hell in a handbasket.

    Learn from GW's mistake. Take school seriously.

    Obama 08

    July 15, 2008 01:57 pm at 1:57 pm |
  14. Mary, NH

    The Idiot In Chief.

    Tick tock...come on November.

    July 15, 2008 01:58 pm at 1:58 pm |
  15. Sandi

    It's been a difficult time??? It IS a difficult time....where have you been Mr. President???? How long will it take to dig out from this administration? It's sad to see the condition of our country...no wonder the Millineum Generation is so jaded, all they have known is Bush and it's a sad & irresponsible tale.....

    July 15, 2008 01:58 pm at 1:58 pm |
  16. Chris D

    Hey "MCCAIN IS THE MAN", that he may be – but you surely are not. Are you through LYING about Obama being a "Mohamad supporter" and a "foreigner"? Pathetic!

    July 15, 2008 01:59 pm at 1:59 pm |
  17. JB in Kansas

    This is the most incompetent president in recent history, right up there with Harding and Hoover that led US to the major Depression. If it would not have been for FDR's policies, US could not have been a world leader in WWII. Why would anyone listen to anything Bush has to say. For the long range why are we not looking at alternative energy sources. Drilling offshore is no solution to our energy problems in the short term of next couple of years and brings many concerns. We are doing very little with wind and solar in a big way. McCain will just be more of the same. Today the dollar was at an all time low against the Euro,

    July 15, 2008 02:00 pm at 2:00 pm |
  18. Deb, Allentown, PA

    Rob, don't blame me either!! You can blame Kathryn Harris in Florida for his first term and the GOP Machine in Ohio for his second term. Each of those states determined the course of their respective elections and Georgieboy walked away with both.

    July 15, 2008 02:00 pm at 2:00 pm |
  19. NObama

    Typical Obamabot hatred and lack of economic understanding fills the blog....

    July 15, 2008 02:01 pm at 2:01 pm |
  20. BIFF HUSSEIN BIFFINGTON

    BULLDOG!!!

    FANTASTIC POINTS...

    (you know they just HATE it when you hit them in the face with their own hipocrisy)

    July 15, 2008 02:01 pm at 2:01 pm |
  21. JohnyC

    I've said it before and I'll say it again: Put an independent in the white house, abolish the Republican and Democratic parties, fire every single Congress person, and hire in everyday American citizens. Then maybe they can acually get things done.

    July 15, 2008 02:02 pm at 2:02 pm |
  22. Emily, CT

    Can we help the Bushes pack their bags? Laura should get started now, go home–take a long vacation, don't come back.

    Let's fumigate the White House and let some fresh air in—these people are pathetic.

    Obama 08

    July 15, 2008 02:02 pm at 2:02 pm |
  23. Deb, Allentown, PA

    Sorry, I didn't make it clear, but it goes without saying that I didn't vote for him in either case.

    July 15, 2008 02:02 pm at 2:02 pm |
  24. GIFTY

    I like you bush. Although you've made some mistakes, you are my guy

    July 15, 2008 02:03 pm at 2:03 pm |
  25. David from Ohio

    Carter didn't create the economic conditions his administration faced in the 1970's, yet he's the favorite whipping boy of the wingnuts for his failure to solve them. Bush's presidency has been a failure and here again is another example of being asleep at the regulatory switch when the practices that led to this crisis began. Yeah–it's the fault of people who just wanted to own their own home...that's it....

    July 15, 2008 02:03 pm at 2:03 pm |
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