With Dow tanking, President Bush says the economy will be 'just fine'
On the day that the Dow Jones industrial average fell below 10,000 for the first time in four years, President Bush said this afternoon that "in the long run, this economy is going to be just fine."
Inserting remarks on the economy at the top of a speech in Cincinnati on the judiciary, Bush sought for the second time in a matter of hours to demonstrate confidence in the nation's economic future and to justify the massive government intervention that he signed into law on Friday.
"It's a resilient economy," the president said. 'It's a productive economy with good workers."
As for what's going on at the moment:
This is a reminder that we have been through tough times and we're going to come through this just fine.
He said that earlier in the day in San Antonio, he had coffee with three small-business people and that his advice to them was "to keep, you know, selling their products and working hard."
As Countdown to Crawford noted a little while ago, isn't that pretty much what he said after the 9/11 attacks?
-- James Gerstenzang
Photo: Emmanuel Dunand / AFP / Getty Images
Chimpy lying to the public?? Say it ain't so!!
Posted by: Winski | October 06, 2008 at 02:24 PM
Bush did the same thing in Texas as he did with our country after taking office. He took a thriving economy with a surplus, deregulated everything he could get his hands on, paid off his cronies and then spent more than he earned...and now he wants us to pay for his recklessness while he waltzes away scott-free....
Posted by: Lexacul | October 06, 2008 at 06:55 PM
I guess he should have said the same words to the unemployed Porter Ranch man who just murdered his entire family, then killed himself
GWB: "Everything is going to be OK [for me and mine]"
Nero fiddled while Rome burned, also
Posted by: Charles Ponzi | October 06, 2008 at 11:11 PM