President Bush Addresses the Economy This Morning

As part of a news conference that addressed everything from the War on Terror to ANWR drilling, President Bush took some time out to focus on the economy. He took aim at rising oil prices, as well as mentioned some of the measures (including interest rate cuts that are likely to continue tomorrow) that his administration is taking to alleviate problems in the economy. He also briefly mentioned food prices inflation.
But he, as expected, refused to say whether or not we’re in a recession. But he did acknowledge this: “It’s a tough time for our economy.”

And he made sure to …read more