‘We’re in this together,’ says Bush

In an effort the calm the nerves of anxious Americans, President George W. Bush this morning said that the government is acting to resolve the financial crisis, which has mostly been driven by “uncertainty and fear.”
OCT 10, 2008
By  Bloomberg
In an effort the calm the nerves of anxious Americans, President George W. Bush this morning said that the government is acting to resolve the financial crisis, which has mostly been driven by “uncertainty and fear.” “We are a prosperous nation with immense resources and a wide range of tools at our disposal. We're using these tools aggressively,” he said in prepared remarks delivered in the Rose Garden of the White House. Mr. Bush said that American’s fears are “understandable,” but that “anxiety can feed anxiety, and that can make it hard to see all that is being done to solve the problem.” He added: “The federal government has a comprehensive strategy and the tools necessary to address the challenges in our economy.” The speech was given as Mr. Bush prepared to meet with leaders of the world's largest economies to discuss ways to deal with the credit crisis and the specter of a global recession. Treasury Secretary Henry Paulson is also set to meet with the finance ministers from the world's 20 largest economies. “Through these efforts, the world is sending an unmistakable signal: we’re in this together, and we'll come through this together,” said Mr. Bush.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound