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Home > Window on Washington > Archives > 2008 > September > 15 > Entry
Bush on economy
Here’s what it looked like this morning as Bush viewed the economy through a Rose Garden perspective. (And stay tuned until the end when Ghana President John Kufuor, visiting the White House today, reminds Bush “that we must learn to sail together or perhaps we sink together.”)
Here’s what Bush said:
“I know Americans are concerned about the adjustments that are taking place in our financial markets. At the White House and throughout my administration we’re focused on them, and we’re working to reduce disruptions and minimize the impact of these financial market developments on the broader economy.”
“I’ve been in close touch with Secretary Paulson throughout this weekend and this morning. I appreciate the work that the Treasury Department and the Federal Reserve and the Securities Exchange Commission and major final institutions here and around the world are doing to promote stability in the financial systems”
“As policymakers we’re focused on the health of the financial system as a whole.”
“In the short run, adjustments in the financial markets can be painful, both for the people concerned about their investments and for the employees of the affected firms.”
“In the long run I’m confident that our capital markets are flexible and resilient and can deal with these adjustments.”
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