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.

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Filed under: President Bush
soundoff (130 Responses)
  1. Gerry in Va. for Obama.

    You fools who are taking your money out of the stock market just because it has dipped lower then you can remember need to get news paperds and read them from the year just before Bill Clinton left office after eight years of "the good times". The market did the same thing then. When the Repugs came into office it was down around 8. I remember cause I was there. Eight years of Democratic financial workings had the economy in pretty top shape and when Repugs took over look what has happened. So bottom line..... Hold on, don't let this drop in the market chase you away. It wil recover nicely when President Obama puts his financial team to work. Just hang in there and don't let these big wind republicans scare you off. If your in it for the long run buy buy buy while these stocks are low. Thats what I'm doing.

    October 10, 2008 09:51 am at 9:51 am |
  2. Shari, NY

    Can't wait for the Lone Ranger to ride off into the sunset, "Pops" to hop on the stage coach singing "By the time I get to Phoenix" and for Ms. Alaska to hitch a ride on Santa's sleigh going north on the return trip. None of them can fix this economy. This is a very tall order that even Sen. Obama will struggle with but he is "THE ONE".
    ".

    October 10, 2008 09:52 am at 9:52 am |
  3. Bill, ca

    What did McCain accomplish by suspending his campaign and rushing to washington? – nothing..
    Even rupublican analysts are saying now McCain lost control of his campaign.
    The Ayers factor is all smear as he tries desperately to take attention away from the economy und the financial crisis.
    He now acts very irratic and unstable and is angry about the whole world, as he is not getting his way.

    McCain therefore would be a bad president for america.

    The world is watching his behaviour and leaders are distancing from him already.
    His new direction, linking obama to a terrorist group is so absurd and only encourage other maniacs to do something really bad to any of
    these candidates.
    Maybe that is McCains real solution to win this election, who know,
    as he has no solid plans to get this country out of his mess.

    Obama / Biden 08

    October 10, 2008 09:52 am at 9:52 am |
  4. Tired of McCain/Palin Negativity

    President Bush YOUR PRESIDENT because I did not vote for him has run this country in the ground. The honorable thing for him to do is to step down NOW, have the election and the new president start to work on the economy with new plans and ideas. Obviously, this doesn't mean McCain/Palin. The country needs new blood and ideas and Obama has all of that.

    October 10, 2008 09:53 am at 9:53 am |
  5. FL

    Why is this guy still talking?

    October 10, 2008 09:54 am at 9:54 am |
  6. Ms Brown

    Bush...we are counting down your days.

    Obama we are counting down the days to your first day on the job.

    Obama-Biden 08

    October 10, 2008 09:54 am at 9:54 am |
  7. Bob

    I own a small company with about 80 employees. If Obama wins this election I am closing the company and moving to South Africa where it costs about 1/10th to do business. I wont work for a socialist who wants to take from working people and give it to illegal immigrants, drug users and street people.

    October 10, 2008 09:54 am at 9:54 am |
  8. Charla, De Kalb TX

    Hasn't ANYONE told Bush to stop talking yet?

    October 10, 2008 09:55 am at 9:55 am |
  9. Texas Trail Dog!

    OH BOY! HERE WE GO AGAIN CNN DON'T POST ANYTHING NEGATIVE ABOUT OBAMA. YOU'RE SO BIASED I HATE TO CALL YOU A NETWORK.

    HOW ABOUT IT SUPPORTERS OF OBAMA. YOU GOING TO TURN YOUR CHIN ON THIS OTHER LICK OBAMA IS GIVING YOU OF VOTER REGISTRATION FRAUD. HE JUST GAVE THAT ORGANIZATION $800,000 OF YOUR MONEY. AND THIS WAS IN THE PRIMARIES. HE SHOULD BE STRIPPED OF HIS CANDIDACY AND HILLARY REINSTATED. ENOUGH OF HIS LIES AND GANGSTERS GOING ONS.

    October 10, 2008 09:55 am at 9:55 am |
  10. Mccain is dumber than Bush

    I would vote for Bush before I vote for Mccain, he is clueless!

    October 10, 2008 09:56 am at 9:56 am |
  11. Be American

    People,

    America has one chance to show the world that the American dream would not die.
    America has one chance to show that they care for the world.
    America has one chance to say election here is all about the people and it is a true democracy.

    Obama is one great American who carries the message of hope.
    McCain spreads hatred.

    At some point it is the future of this country.
    So Vote for Obama... give Hope a chance to triumph over Fear.

    October 10, 2008 09:57 am at 9:57 am |
  12. vic nashville,Tn

    One easy job is blame Bush for every thing

    October 10, 2008 09:58 am at 9:58 am |
  13. Rodger

    What do you expect from our dumbest president of all time!
    Palin is a female Bush, McCain is in denial....change can't come some enough!!!

    October 10, 2008 09:58 am at 9:58 am |
  14. eds

    BAH.
    He has nothing to say that will fix a darn thing. We need a INTELLIGENT leader.
    Elect Obama, people!
    I want to be able to retire one day! I want to afford for my kids to go to college! I want to keep my job and my house!!

    October 10, 2008 09:59 am at 9:59 am |
  15. GINA, OHIO

    THIS PRESIDENT SHOULD HAVE BEEN IMPEACHED!!!!!!!!!!!!!!!!!!

    October 10, 2008 09:59 am at 9:59 am |
  16. Remy

    Big companies robbed the people's money. Bush/Cheney/McCain supported all these companies and de-regulation which paved the way for the robberies by those company execs LEAGAL!

    Bush talk will give nothing to improve economy or the stock markets! Obama, the next president, has a hard time in repairing the damages created by idiot Bush and criminal Cheney!

    October 10, 2008 10:00 am at 10:00 am |
  17. Cathy in MD

    How does George W. Bush sleep at night?

    October 10, 2008 10:00 am at 10:00 am |
  18. Pat-Il

    The Republicans got what they wanted last time......do they really want it again????

    October 10, 2008 10:00 am at 10:00 am |
  19. CMitch FW, TX

    God is watching, waiting and knows.

    October 10, 2008 10:01 am at 10:01 am |
  20. Grandma for O

    What's really sad about all of this, after everything this administration and the rubber stamping republicans put this nation and world through, Bush and his pal McCain still have their ardent supporters.

    I used to just disagree with Republicans in Washington, now you can't even respect them. The republican party isn't what it used to be, but regardless there always be that base that will always support them regardless of what they do.

    October 10, 2008 10:02 am at 10:02 am |
  21. STOP THE HATE

    Hahahahaha. Instill confidence???? In what ? His party that has destroyed this country, or his cronies who are out trying to stir up hate crimes!
    When we elect the right man for the job (yea, THAT ONE) the nation will be able to have faith in a correct direction for the country, and confidence in an economic recovery.

    October 10, 2008 10:02 am at 10:02 am |
  22. Bob

    Watch the money trail for Obama. Money has come from Iraq and Iran. Watch the FBI finish this investigation and spring it just before the election.

    October 10, 2008 10:02 am at 10:02 am |
  23. Oh Boy!!??

    How soon till charges are brought up on this IDIOT!?

    Abuse of power, degradation of duty, lack of warrants, war crimes, take your pick folks.

    I'm sure there is more...

    October 10, 2008 10:02 am at 10:02 am |
  24. Cuban-mami-4-OBAMA

    Mr. President,

    For the last eight years you have squandered our Nation's wealth, fighting a war in a country that we had no business attacking.

    You have LIED to us, you have spied on your own citizens; you have spit on the Geneva Convention, and now you want us to listen to you?

    You,sir, need to apologize to us, the American people! You need to apologize for the, $10 TRILLION in National debt you have saddled us, our children and grandchildren with!

    Signed,

    A Disgusted voter

    October 10, 2008 10:03 am at 10:03 am |
  25. Marco

    Like anyone really cares! Please just gooooo.. you've made you and your cronies filthy rich at our cost.. Now Goooooo

    October 10, 2008 10:03 am at 10:03 am |
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