October 10th, 2008
09:15 AM ET
6 years ago

Bush hopes to reassure nation after economic woes

President Bush will discuss the economy Friday morning in the White House Rose Garden.
President Bush will discuss the economy Friday morning in the White House Rose Garden.

WASHINGTON (CNN) – President Bush has tried to strike an awkward balance between reassurance and reality about the nation's financial crisis. On Friday, he will do so again, but the repetition raises the question: to what effect?

Since September 15, the day financial giant Lehman Brothers failed, the president has commented on the nation's financial health 26 times, either through written, radio or on-camera statements.

White House Press Secretary Dana Perino says the president will let Americans know they "should be confident that every effort is being taken to stabilize our financial system."

Watch: Rescue plan will ' take a while,' Pres. Bush says

Perino announced the news after Thursday's astonishing 679-point drop in the Dow Jones Industrial Average, saying Bush would make his remarks "following the market's continued volatility this afternoon."

Perino also said Bush's speech at the White House Rose Garden is not expected to announce any policy decisions. In the past, Bush's statements have mostly been brief, as in Thursday's comments at the White House during a Hispanic Heritage Month celebration.

Full story


Filed under: President Bush
soundoff (130 Responses)
  1. Ken

    Good luck...

    We need real change

    Obama 08

    October 10, 2008 09:03 am at 9:03 am |
  2. values

    THIS IS ONE OF YOUR DOMESTIC TERRORIST MR BUSH AND THE OTHER CLOWNS SUPPORTING MCCAIN . MANY OF YOU ARE GOING BROKE AND I HOPE YOU ARE HAPPY NOW. NOW PULL YOUR HEAD OUT OF YOUR YOU KNOW WHAT AND VOTE FOR OBAMA......

    October 10, 2008 09:06 am at 9:06 am |
  3. Kris K in CA

    I want to see the Alaska Palin Report.Now. I don't want it hidden,lost,misplace,changed. The American voting public deserves to know the truth. We need to know who she is and what she does.Not 25 years ago.In the last 12 months!

    October 10, 2008 09:07 am at 9:07 am |
  4. John in KY

    And WHO will believe the "GREAT DECEIVER" (not me)!

    October 10, 2008 09:07 am at 9:07 am |
  5. Jim

    I think thee Republicans have suck to new low. If they fell they can only win by throwing mud then is is a sad day for the US. Is this the type of man we want for president. John McCain has not told the people what he is going to do for the country to get us out of this recession.

    Obamba and Biden in 2008.

    October 10, 2008 09:09 am at 9:09 am |
  6. FL voter

    Start packing up your things, George. Get your ranch ready. This country has lost all its respect for you and your policies. You, sir, leave your office as one of the worst presidents in history. Hope you enjoy the money you made from your oil companies in Iraq. While the rest of us struggle to pay for gas.

    Never again, Mr. Bush.

    October 10, 2008 09:10 am at 9:10 am |
  7. Jim

    I think the Republicans have fallen to new low. If they fell they can only win by throwing mud then it is a sad day for the US. Is this the type of man we want for president. John McCain has not told the people what he is going to do for the country to get us out of this recession.

    Obamba and Biden in 2008.

    October 10, 2008 09:10 am at 9:10 am |
  8. TONY

    BUSH IS FINISHED. NO ONE BELIEVES OR CARES WHAT HE HAS TO SAY.

    HIS TIME IS UP!

    WHAT YOU ARE SEEING NOW PEOPLE, SHOULD YOU CHOOSE TO OPEN YOUR EYES AND TAKE A LOOK, IS THE END OF A FAILED PRESIDENCY, AND ANOTHER JUST LIKE HIM IN SEN. MCCAIN WHO WISHES TO CONTINUE WITH EXACTLY THE SAME POLICIES.

    IT IS TIME FOR EVERYONE TO WAKE UP FROM THE COMA WE HAVE BEEN IN FOR THE LAST 8 YEARS AND MAKE SURE THAT A CONTINUTAION FOR THE NEXT FOUR DOES NOT HAPPEN.

    MCCAIN IS ANGRY, BITTER, TERRIFIED AND DESPERATE. YOU WILL HEAR NOTHING FORM EITHER HIM OR PALIN FOR THE REMANIDER OF THE NEXT THREE WEEKS THAT IS NOT A COMPLETE, LIE, DISTORTION, ACCUSATION, OR ATTACK.

    MCCAIN HAS NO RECORD OF HIS OWN TO RUN ON, SO HE HAS NO OTHER OPTION AT THIS POINT THAN TO WALLOW IN THE GUTTER. ONE WOULD THINK THAT HE WOULD BE MORE CONCERNED ABOUT THE REPORT THAT IS DUE TO COME OUOT TODAY ON HIS DIMWITTED RUNNING AMTE, RATHER THAN BRING UP THINGS OBAMA DID AS A TEENAGER.

    I WOULD LIKE TO KNOW MUCH MORE ABOUT MCCAIN'S GAMBLING AND WHETHER OR NOT HE CLAIMED ALL OF HIS WINNINGS OVER THE YEARS. I AM WAITING FOR HIM TO TELL US HOW MANY TIMES OBAMA PEED HIS BED AS A CHILD.

    HE IS DESPERATE PEOPLE AND IS AT THE POINT NOW WHERE SELLING HIS SOUL IS SOMETHING HE WILL DO IN HIS LUST FOR THE PRESIDENCY. HE HAS ALREADY TRADED HIS CHARACTER, INTEGRITY , AND HIS CREDIBILITY!

    MANY IN AMERICA ARE STILL WILLING TO DRINK THE KOOL-AID, BUT I DO NOT WANT MCCAIN PICKING UP WHERE BUSH LEAVES OFF AND GAMBLING WITH AMERICA.

    October 10, 2008 09:10 am at 9:10 am |
  9. Will-South Dakota

    What can he say that anyone would believe? His policies have done this to America and McCain will continue the same policies.

    October 10, 2008 09:11 am at 9:11 am |
  10. Carl

    If you want the real truth; here it is.

    If you are in the market: run away and don't look back.

    If you are in the market, you are too stupid to take care of yourself.

    October 10, 2008 09:12 am at 9:12 am |
  11. PA Independent

    Seriously, Bush has made himself practically irrelevant. What can he do as a lame duck with self-infllicted zero credibility even among his own party's Congressional caucus? Hopefully, on November 5th he will be smart (and humble) enough to invite the President-Elect and his economic team to take an immediate and active role in policy going forward to Inauguration Day. Otherwise, we are toast.

    October 10, 2008 09:12 am at 9:12 am |
  12. Gtnaustin

    Does this fall under the category of "I may be an idiot and have gotten us into this mess but TRUST me when I say ...."? George – shut your pie hole, go hide under Laura's skirt and wait until your moving van arrives and for the love of God - DO NOT come home to Texas.

    You AREN'T a Texan, NEVER were a Texan nor will you EVER BE a Texan. You are a born and bred Yankee who just happened to end up in Texas when your parents moved here. You know the rules (but of course we all know that YOU don't play by the rules) - you ARE NOT considered a Texan unless you are BORN in Texas Yankee man.

    October 10, 2008 09:14 am at 9:14 am |
  13. veteran

    Obama is up in the polls and the Dow goes down!

    Business people and investors are hiding their money from capital gains and dividend tax. Obama, Reed, Frank, Pelosi are the problem.

    Proof, the better Obama is doing the worse the economy gets.

    Are you better off today then you were 2 years ago? NO, Because congress is in the hands of Pelosi, Barny Frank, Henry Reed, Barack Obama and the like.

    October 10, 2008 09:14 am at 9:14 am |
  14. hello

    Let us think rationally about voter fraud.
    Did Obama gave money to Acorn with instruction to do voter fraud for him?
    is it possible that may be local politician involved in this?
    is it only wide spread thru out all state or it is just few places?
    And did not republican won 2000 and 2004 for doing same.

    October 10, 2008 09:14 am at 9:14 am |
  15. Obama Supporter

    Bush it's time for you and the rest of your party to pack up and leave.

    October 10, 2008 09:15 am at 9:15 am |
  16. Val

    i agree, Bush is the real terorist supported by McCain. look back and what they have done in the past 8 years.

    Watching from canada

    October 10, 2008 09:15 am at 9:15 am |
  17. dave

    The only thing Bush could say that would resonate with voters and raise his approval rating:

    "I have no idea what's going on with the economy. I just listen to the CEO's of big financial institutions and do whatever they tell me. I thought that was a good idea, but well.... At least you'll have a new guy soon who can give it a shot."

    October 10, 2008 09:15 am at 9:15 am |
  18. Beah

    Nothing the President say or do will help the economy right now. I have cut down my retirement contribution from 10% to 5% of gross income. I'm sure there are more RICH Republicans out there that pulled their investment out. As an Independent voter I can't wait to vote Nov. 4th. I don't think McCain will be able to turn around and improve the financial crisis.

    October 10, 2008 09:15 am at 9:15 am |
  19. Farrell, Houston, Tx

    I can see clearly now why McCain is a "Bush alike" aways Johnny come late after the crisis. And John McCain, who knows even less than Bush about economics, says he is qualified, I don't think so and forget about his VP pick. McCain and Palin's smears will not help us at the grocery stores, gas pump, keep jobs, etc., they are too ignorant to recognize that. We need a real leader, and that's Obama.

    October 10, 2008 09:15 am at 9:15 am |
  20. Mark, B'ham., Al.

    Bush can say all he wants about the economy, but the Obama media will want to put more fear in the market to help Obama get elected. Unemployment applications are less than last week but that got little recognition. It is too bad Bush was not strong enough to knock the democrats down in 2000, 2003 and 2005 when he and the republicans tried to put controls on Fannie Mae and Freddie Mac then we may not be going through this mess!

    October 10, 2008 09:16 am at 9:16 am |
  21. wwf

    Do us all a favor, and do not speak to us or the world again. Leave us alone with your hollow words. There is enough crap on the air ways without you being there to.l

    October 10, 2008 09:16 am at 9:16 am |
  22. Scott L

    Not sure why people blame Bush for this economic downturn. No one person can affects the markets (except Greenspan) to move in such ways as they have been.

    Just like no one person (mccain nor obama) can rescue them.

    This is a correction that is looooooong overdue. Time to load up on some good stocks...

    October 10, 2008 09:16 am at 9:16 am |
  23. REDNECKS LOVE OBAMA

    McCain has voted with Bush 90 percent ..... this shows how OUT OF TOUCH, ANGRY, UNBALANCED, and 20th CENTURY THINKING he has. This is why McCain is ERRATIC and UNSTABLE.

    October 10, 2008 09:17 am at 9:17 am |
  24. Scott L

    Woohoo! Time to raise taxes! VOTE DEMOCRAT!

    YEAAAAA TAXES! TAXES TAXES!!!!!

    GOOOOOO TAXES! VOTE DEMOCRAT!

    YEEEEEEEEHHHHHAAAAA TAXES!

    I LOVE TAXES!!!!!

    October 10, 2008 09:17 am at 9:17 am |
  25. Mzalendo

    On Ayers: 10,000 people are hearing that name for the first time – unless of course they are AS OLD AS MCCAIN HIMSELF.

    October 10, 2008 09:18 am at 9:18 am |
1 2 3 4 5 6