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Bush on Economy: Tough Times, No Recession

President Bush spoke to the Economic Club of New York, during what he called an "interesting moment." Today the stock market has been extra volatile on news that the Federal Reserve Bank and JP Morgan bailed out investment bank Bear Stearns with emergency cash. . . . How interesting.

While somber and serious, George told the group that he is an "optimistic fella" and pronounced his faith in America's "resilient economy." Bush recounted recent woes, including low growth, lost jobs, rising prices, and the housing crisis, but said that the problems had been recognized early. He congratulated congressional Democrats for working with him to pass a stimulus package, and said he believes the US economy will come out of the tough times "better and stronger than ever."

Speaking of tough times, the dollar has now dropped below the Swiss Franc for the first time ever. Gold hit a historic peak above $1,000. Gas prices also reached another all-time high today. Do you feel as optimistic as our presidential fella?

Source

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cine_lover cine_lover 7 years
I am off to eat some pasta as well! Enjoy your salad, and stay away from your mouse!
Rattenfreund Rattenfreund 7 years
Suuuch a long day. I am about to flee to the kitchen and make a salad before I swallow my mouse whole. I will try to get back afterwards to catch up on what you have all been doing here on the thread. :D Glad to see you all! Cross your fingers that this emoticon works.... :dance:
Rattenfreund Rattenfreund 7 years
Suuuch a long day. I am about to flee to the kitchen and make a salad before I swallow my mouse whole. I will try to get back afterwards to catch up on what you have all been doing here on the thread. :DGlad to see you all! Cross your fingers that this emoticon works.... :dance:
cine_lover cine_lover 7 years
Ratt!!! Where were you today? 3M pretty much said what I was going to say, so i figured what is the point in retyping the same long thing for you to read. I want to see your dance moves!
cine_lover cine_lover 7 years
Ratt!!! Where were you today? 3M pretty much said what I was going to say, so i figured what is the point in retyping the same long thing for you to read.I want to see your dance moves!
Rattenfreund Rattenfreund 7 years
OMG I have been missing all the fun!! Hi Cine, hi Mellow, hi Cabaker! Time to put on the red light and ply my trade :sashay:
cine_lover cine_lover 7 years
:rotfl:
cine_lover cine_lover 7 years
:rotfl:
mymellowman mymellowman 7 years
:rotfl:
mymellowman mymellowman 7 years
:rotfl:
hausfrau hausfrau 7 years
:vastrightwingconspiracy:I expected a picture of Cheney and Bush to pop up... it didn't.
hausfrau hausfrau 7 years
:vastrightwingconspiracy: I expected a picture of Cheney and Bush to pop up... it didn't.
cine_lover cine_lover 7 years
Cabaker you are getting so good at the emoticons! The dacing banana should be on the cheat sheet. I wonder where I go it from then? :ponder:
mymellowman mymellowman 7 years
sometimes I randomly type new words between colons to see if they do anything.FYI : a w e s o m e : doesn't do anything but appear as :awesome:
mymellowman mymellowman 7 years
sometimes I randomly type new words between colons to see if they do anything. FYI : a w e s o m e : doesn't do anything but appear as :awesome:
mymellowman mymellowman 7 years
I wish I could design my own emoticons, that would be awesome. :awesome:
mymellowman mymellowman 7 years
I wish I could design my own emoticons, that would be awesome.:awesome:
hausfrau hausfrau 7 years
steph it was def. hysterical, no probablys about it! :true:
hausfrau hausfrau 7 years
steph it was def. hysterical, no probablys about it! :true:
hausfrau hausfrau 7 years
who comes up with these things? how did you know the banana one, its not on the cheat sheet..
stephley stephley 7 years
I must not, because while that last comment is probably hysterical, I sensed a personal attack.
cine_lover cine_lover 7 years
If by racially offensive mean, adorable, then yes. Now :prairiedog: I find offensive, but not racially if you get my drift.
hausfrau hausfrau 7 years
does anyone else find this one :pucca: to be a bit racially offensive?
cine_lover cine_lover 7 years
It is : b a n a n a n a: without the spaces of course!:bananana:
cine_lover cine_lover 7 years
It is : b a n a n a n a: without the spaces of course! :bananana:
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