Bush seeks to reassure on economy

[DogPoundPup]

Source: AFP - YAHOO!

US President George W. Bush heads to New York Friday for a speech aimed at reassuring them that things will get better.

He will call for confidence that the world's richest economy will, in a matter of months, recover from woes like the worsening housing crisis, the anemic dollar, and skyrocketing oil and gasoline prices, aides said.

But he was not expected to announce any major new proposals.

At the same time, the administration has turned aside questions about whether the US economy is in a recession, with Fratto saying Thursday that: "We know lots of people want to try to find labels for headlines, but we're going to be focused on policy."

Buffeted by a stronger-than-expected drop in monthly US retail sales, the White House also urged US consumers -- a key engine of the world's largest economy -- to shop.









Read more: http://news.yahoo.com/s/afp/20080313/pl_afp/useconomypoliticsbush

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Bush: People Will 'Look Back' At 'This Moment In Economic History' And Say 'Tax Cuts Work'

In remarks to the U.S. Hispanic Chamber of Commerce today, President Bush continued his rosy rhetoric on the economy. He predicted that in the future, people will look back at today’s financial situation and say that “tax cuts work”:

"And I want to thank you very much for supporting the tax cuts plans that had good effect on small businesses all across the United States during that period of time. I think when people take a look back at this moment in our economic history, they’ll recognize tax cuts work. They have made a difference."
http://thinkprogress.org/2008/03/12/bush-tax-cuts/