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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Bush 'Realistic' but 'Optimistic' on Economy

After meeting with a group of small business owners today in Ada, Mich., President Bush said he brings "a sense of optimism and realism" to the financial crisis.

"I'm realistic about how tough the situation is. I'm optimistic that we're going to come through it," Bush told reporters. "And I believe when we come through it we're going to be better than ever."

Bush reiterated that many of the measures, including the federal government's purchase of stock in private banks, were temporary and structured to protect taxpayer investments.

"I want to assure the folks out here that we're not going to be using your taxpayer money to, you know, enrich financiers," Bush said. "We're going to protect your money, help you get it back. . . . People aren't going to be able to have a golden parachute as a result of your hard work and money going to help provide stability in our financial system."

-- Dan Eggen

By Frank Ahrens  |  October 15, 2008; 3:16 PM ET
Categories:  The Ticker  
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Comments

if he's realistic, then it's not a crime to be pessimistic. tell it like it is. dont keep lying and making promises that cant be honored.

Posted by: BRIAN | October 15, 1908 3:32 PM | Report abuse


the story reads, "Bush 'Realistic' but 'Optimstic' On Economy"

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sorry george. you are a day late, and a dollar short.

you should have started paying attention to this country 7 3/4 years ago. you dropped the ball my friend. well actually.. you didn't have the ball.. no, that's not right either. george? you didn't even show up to the game.

go back to sleep george. we'll figure this mess out on our own.

enjoy your legacy.

Posted by: BOB | October 15, 1908 3:44 PM | Report abuse

Mr. President, with all due respect, shut your pie hole.

Posted by: cubbyblue7 | October 15, 1908 4:01 PM | Report abuse

Does anyone proofread this paper anymore - the headline should be "Optimistic", not "Optimstic"

Posted by: maggots | October 15, 1908 4:03 PM | Report abuse

George W. Bush has never shown his realistic side for the last 8 years, so his "optimism" can only be taken as either blissful ignorance or deceit, or perhaps a little bit of both. Of course, he might also be involved in a little of self-deception, which is the worst kind of lie. How else could he have seen the direction the nation has been going in the last 8 years and remain cheery. Go back to being a college cheerleader, George! Oh...! I forgot: what sane person would want to hear you cheer now? Liar!

Posted by: Joe | October 15, 1908 4:17 PM | Report abuse

He knows dern well that our tax money will be going to help his rich friends.

Posted by: veep | October 15, 1908 4:23 PM | Report abuse

Oh good. Bush is explaining what's happening.

He's realistic. But he's optimistic. The markets are crashingistic. The future looks bleakistic. But it's not recessionistic. So there's no reason to be pessimstic. The Republicans are doomedistic. But we're not socialistic.

Thank goodness Bush will soon be overistic.

Posted by: DFC | October 15, 1908 4:24 PM | Report abuse

bush is an oxymoron

Posted by: should say... | October 15, 1908 4:30 PM | Report abuse

If we as a country institute debt realignment with the mortgages in America; and, if we globally institute debt realignment as outlined at www.debtrealignment.com we can dismiss the threat, and the reality, of a recession and move on with progress into the future.

Posted by: Samuel Margolies | October 15, 1908 4:37 PM | Report abuse

"I'm realistic about how tough the situation is. I'm optimistic that we're going to come through it," Bush told reporters. "And I believe when we come through it we're going to be better than ever."
________

Wasn't this the same spiel he gave in New Orleans? Is it "better than ever?" Heckuva job, Bernie!

Posted by: Anonymous | October 15, 1908 5:01 PM | Report abuse

If Bush was pessimistic I would feel more relieved.

You have to take the inverse of what this man says to get the correct picture of what's real.

Posted by: CynthiaD | October 15, 1908 5:04 PM | Report abuse

I am not surprised at all for the mess we are in. Bush had enough practice bankrupting businesses his dad had handed over to him. He is the Anti-Midas. Everything he touches turns to Lead.

Posted by: Jack | October 15, 1908 6:05 PM | Report abuse

Will someone tell Bush to quit reassurring us? Each time he does, the market drops 500 points.

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Posted by: eatbees | October 15, 1908 6:29 PM | Report abuse

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