Words of encouragement from Bush: Hang in there
source: http://ap.google.com/article/ALeqM5hT-MwpK6QSoOPF74bGFqnUl_HVuwD93LU5E82
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- maasanova
- added this
President Bush on Tuesday told a country engulfed by dire economic news that it should not expect a sudden recovery, but rather a gradual rebound that will test people's patience.
Pounding home a sober tone, Bush said about a dozen times that the nation is enduring "tough times."
"I know that the days are dim right now for a lot of folks," Bush said. "But I firmly believe tomorrow is going to be brighter."
Just not literally tomorrow.
The government's unprecedented plan to buy up Wall Street's failed assets has not kept the stock market from plunging or the credit crisis from imperiling financial markets around the globe. That, in turn, has exacerbated the confusion of the public, which was told repeatedly that the government plan was a rescue.
So the White House, led by Bush, is sending this message: Hang in there, America. The massive federal intervention will just take time to work.
The aim is to temper any expectations that a quick fix is coming.
"I wish I could snap my fingers and make what happened stop," the president said at an office supply plant in Chantilly, Va., a Washington suburb. "But that's not the way it works."
Bush said about a half-dozen times, in one form or another, that "it's going to take a while" to get credit flowing again to businesses and consumers. He sought to explain in plainspoken and realistic terms that banks eventually will build up capital and gain the freedom to recharge the economy with credit.
"It took a while to get it frozen," Bush said of the nation's credit system. "It's going to take a while to get it unstuck."
Pounding home a sober tone, Bush said about a dozen times that the nation is enduring "tough times."
"I know that the days are dim right now for a lot of folks," Bush said. "But I firmly believe tomorrow is going to be brighter."
Just not literally tomorrow.
The government's unprecedented plan to buy up Wall Street's failed assets has not kept the stock market from plunging or the credit crisis from imperiling financial markets around the globe. That, in turn, has exacerbated the confusion of the public, which was told repeatedly that the government plan was a rescue.
So the White House, led by Bush, is sending this message: Hang in there, America. The massive federal intervention will just take time to work.
The aim is to temper any expectations that a quick fix is coming.
"I wish I could snap my fingers and make what happened stop," the president said at an office supply plant in Chantilly, Va., a Washington suburb. "But that's not the way it works."
Bush said about a half-dozen times, in one form or another, that "it's going to take a while" to get credit flowing again to businesses and consumers. He sought to explain in plainspoken and realistic terms that banks eventually will build up capital and gain the freedom to recharge the economy with credit.
"It took a while to get it frozen," Bush said of the nation's credit system. "It's going to take a while to get it unstuck."
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- tags:
- WTF, Economy, Iraq, Afghanistan, 8 more
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- recommended by:
- Vierotchka
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maasanova
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He's still laughing at our pain.
- 3 years ago
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maasanova
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nobody04
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I think he wants everyone to hate him, he's a sick creature..
- 3 years ago
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nobody04
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huntre
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No surprise here.
GWB stuck us in 2, possibly 3, overlapping wars and makes the same comments about them ,"taking a while", too.
"Mission Accomplished", President Asswipe.
Quite the legacy. - 3 years ago
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huntre
