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.”
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.