WASHINGTON – President Bush says his administration is on top of the situation in dealing with the slumping economy.
Bush says that the country is in challenging times. But he also says another thing is for certain: “ We’ve taken strong decisive action.”
The president commended the Fed for its urgent actions over the weekend. He said that the administration has shown the country and the world that the United States is on top of the situation.
Bush spoke on a day of turmoil and plunging prices on global financial markets. Oil prices hit a record in Asian trading, U.S. stock index futures fell sharply and the dollar hit record lows.
The president spoke after meeting at the White House with Treasury Secretary Henry Paulson and other members of his economic team.
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My take on this:
I already thought that Bush was an idiot……..but now he has confirmed it. If he thinks that there is anything he can do to stop a 100 ton locomotive from barreling down the tracks, he is a total fool.
