Tags: bush | tough | times

Bush Acknowledges 'Tough Times'

Friday, 11 Jul 2008 11:14 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON - President George W. Bush allowed Friday that these were "tough economic times" for Americans, but insisted his administration was working to improve conditions.

"These are tough economic times for the American citizens but there is a way forward to help relieve some of the pressure on their pocketbooks," Bush said.

The US president spoke as US stocks sank and investor concern spiked over the financial health of Freddie Mac and Fannie Mae, two US firms which provide key financing to the vast mortgage market. Fears mounted about the financial stability of the two firms amid a lingering housing market slump.

Bush argued that "members of Congress, particularly the Democratic leadership, must address this issue before they go home for this upcoming August break.

"They have a responsibility to explain to their constituents why we should not be drilling for more oil here in America to take the pressure off of gasoline prices," Bush said.

Copyright 2008 AFP

-

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Reports: Man Who Jumped White House Fence Had a Knife

Saturday, 20 Sep 2014 23:47 PM

The man who got inside the White House on Friday after jumping a fence and running more than 70 yards across the North L . . .

Alan Dershowitz: Strongest Ally in the Middle East Is Israel

Saturday, 20 Sep 2014 21:52 PM

Harvard Law School professor Alan Dershowitz said on Saturday that the strongest ally in the Middle East in battling the . . .

Wife of British ISIS Hostage Pleads for His Release

Saturday, 20 Sep 2014 20:51 PM

The wife of a British taxi driver being held hostage by Islamic State jihadists implored his captors to release him, say . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved