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. Ken

    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.

    July 15, 2008 02:03 pm at 2:03 pm |
  2. Joe Reg

    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.

    July 15, 2008 02:04 pm at 2:04 pm |
  3. Chi-Town Cheryl

    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.

    July 15, 2008 02:05 pm at 2:05 pm |
  4. Francis, PA

    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.



    July 15, 2008 02:06 pm at 2:06 pm |
  5. WiseMan

    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!!

    July 15, 2008 02:07 pm at 2:07 pm |
  6. VB

    Republican strategy to get out of the recession...Marry an Heiress.

    July 15, 2008 02:08 pm at 2:08 pm |
  7. LS

    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.

    July 15, 2008 02:08 pm at 2:08 pm |
  8. JeffRob

    George who?

    July 15, 2008 02:11 pm at 2:11 pm |
  9. Ken

    Jason's (1:15) analysis is dead on.

    July 15, 2008 02:11 pm at 2:11 pm |
  10. Loretta from California


    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.


    July 15, 2008 02:12 pm at 2:12 pm |
  11. Donna in ID

    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.

    July 15, 2008 02:12 pm at 2:12 pm |
  12. LBowie

    No Comment!

    July 15, 2008 02:13 pm at 2:13 pm |
  13. FL_Independant


    July 15, 2008 02:14 pm at 2:14 pm |
  14. Willy

    That's how high a stack of democrat dung is.

    July 15, 2008 02:14 pm at 2:14 pm |
  15. Angi's mom


    July 15, 2008 02:14 pm at 2:14 pm |
  16. Nikki, Florida

    Does he not realize it's pretty much his fault that we're in these hard times?

    July 15, 2008 02:15 pm at 2:15 pm |
  17. Mike, Syracuse NY

    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.

    July 15, 2008 02:15 pm at 2:15 pm |
  18. Obama 08'

    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....

    July 15, 2008 02:20 pm at 2:20 pm |
  19. Mike - Texas

    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!!

    July 15, 2008 02:20 pm at 2:20 pm |
  20. Loyal Democratic Voter

    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.

    July 15, 2008 02:20 pm at 2:20 pm |
  21. The wealthy need help too!

    Worst President EVER!!!!!!!!!!!!!!!!!!!!!!

    July 15, 2008 02:21 pm at 2:21 pm |
  22. FEDUP

    Can the delegates switch candidates at the convention? I sure hope so..We need to take the presumptive out of both these jerks..

    July 15, 2008 02:21 pm at 2:21 pm |
  23. frank

    the guy is an arrogant, and out of touch, clown of a man. that's about all that is left to say.

    July 15, 2008 02:22 pm at 2:22 pm |
  24. tt

    You tell us borrowing and credit is the problem, Well what about the Neverending credit card from China that you continue to use

    July 15, 2008 02:23 pm at 2:23 pm |
  25. Dallas, TX

    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!

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