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."
Yes, Richard FL. I agree with you whole-heartedly. It is hard to comprehend the morals of a public that could so severely screw up in 2000, have that screw-up thrown in their faces in spades, and then decide to screw-up again in 2004, and again with the deplorable results in all our faces daily now.
And yet there are still the lilly-lickers who defend the [R] abomination and want to perpetuate it. Typical of their abhorrent nature, they have the gall to call themselves the "party of values". That people are so demented as to believe this hogwash is what puts our country at great risk in the long run....they represent a path back into the dark ages. They beat their chests with patriotic oaths and are the first to support aimless aggression, and it makes them little different than the mindless terrorists we are sacrificing to destroy.
He does not undestand that after 8 years of his rule things are difficult it is because of him.
His mismanagement and bankrupt policies of the republicans.
Go Obama go.
President Bush can go to you-know-where. And, he can take Karl Rove, Cheney, Rice Rumsfeld and his whole administration with him. That whole evil cabal can go. Bush ran this nation into the dirt. There were warning signs all along the way and he could careless. Bush/Cheney will go down in the history books as the worst presidency ever. And, I am so angry at the American people for putting this guy into office for 8 years. These are the same people in line at the bank today trying to get their money. These are the same people that are complaining about the gas prices. These are the same people crying about the cost of milk. And, these are the same people that are backing John McCain for President. So America, SHUT UP! Just SHUT UP and suck it up. Bush drove the bus into the ditch and you all waved him on.
He's a uniter, not a divider?
He swore to protect this country and all he's done is dismantled the government, and given his friends an opportunity to reap the benefits (Cheney, Rove). We are in a hole, trying to climb out, when this guy and his friends want us to stay down there as long as possible so they can steal from us.
I hate George W. Bush, THE WORST PRESIDENT IN MODERN HISTORY.
Bush's lack of a viable energy policy, false pretenses to go to war in Iraq, minimizing the importance of Afganistan and Pakistan in the war on terrorism, all show his total lack of leadership. Daddy bailed him out of every business venture he was ever in.
The only winners over the past 8 years has been big oil.
If McCain/Bush gets elected, we should hang our heads in shame.
Obama in 08!!
Republican strategy to get out of the recession...Marry an Heiress.
Bush is the most idiotic person in the world. He doesn't deserve the title of "President". How people voted, and still to this day, support this idiot is a mystery to me.
I truly feel sad for the men and woman who have died, and the families who have lost loved ones because of this idiot's decision to go to war. And to think that probably a lot of those people killed didn't even vote for this idiot.
McCain has the same stupid mentality as Bush does. And for people to support someone like McCain are idiots too.
Jason's (1:15) analysis is dead on.
Don't blame me either. I never voted for this MISTAKE. Don't put this monkey on my back. My conscious is so very clear.
TRYING to live on $800 a mo. SS and praying for no huge medical expence, boy am I glad that I am not trying to raise a family.
But people like Bush have theirs and don't understand what cutting back or being under financial pressure is. NO IDEA-OUT OF TOUCH with reality.
That's how high a stack of democrat dung is.
NO OFFSHORE DRILLING!
Does he not realize it's pretty much his fault that we're in these hard times?
Can't believe it. "This country scares the crap out of me". What scares the crap out of me is that the DNC picked, and we might actually elect someone without the most basic qualifications or experience to be President. He's spent half of his PARTIAL term as Senator running for President. He hasn't had one meeting of the Senate subcommittee he chairs. He's run nothing in his life. He's changed positions on FISA, NAFTA, Iraq, public campaign financing, Wright, Clark, the fence with Mexico, etc. He has no military experience, no foreign policy experience, no leadership experience, and though he wasn't as honest as McCain was, no experience on the economy. He talks a good line. Period.
Ok people this guy is exactly the reason why we should all get over the notion we should elect a president we feel comfortable with,or to have a beer with or the guy next door... I want the smatest guy in the room... the arrogant elitest that drinks wine not beer who doesn't hang in my neighborhood to be President... By the wayshouldn't Bush Be packing or something....
I am glad to see that Obama can still read his que cards.
It is the only way that he makes any sense, and he is lost without them!!
I agree with Rob, it is the fault of the American People. We allowed this man to come to power. Our own self-interests (financial, political, social) allowed us to make a decision that was not in the best interest of our nation, our future, and the world. And, "we the people" are still making decisions in our own self interest without regard for what's best for the survival of our country. A chain with a bunch of strong links and many weak links cannot pull the rest of the world in our direction. We have to ensure the viability and stability of all components of our society. Each component supports the whole. Yet, we have a society that is severly out of balance and everyone wants to point a finger at the other person and say they are to blame. If we are not pointing the finger at one another, we are pointing the finger at other countries. Nobody wants to do their part to make sure that country remains viable. Instead, we want to live in our own corner of the world, enjoy our excesses, and vote in politicians to enact laws and execute policy to bring people in line with our way of thinking. It is our fault that we are in our current state of being. Nobody wants to sacrifice and compromise. Our government, our economy, and the perception of us in the world is a reflection of who we are as a people.
Worst President EVER!!!!!!!!!!!!!!!!!!!!!!
Can the delegates switch candidates at the convention? I sure hope so..We need to take the presumptive out of both these jerks..
the guy is an arrogant, and out of touch, clown of a man. that's about all that is left to say.
You tell us borrowing and credit is the problem, Well what about the Neverending credit card from China that you continue to use
I agree, stop whining, times are good! I made more money these years that Bush has been president. So, stop blaming this man for the recession! George is my man!