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

Bush: 'Tough Times for Our Economies'

In a joint statement just concluded with visiting Italian prime minister Silvio Berlusconi in the White House Rose Garden, President Bush said that these are "tough times for our economies, yet we can be confident we can work our way though these challenges."

Italy has been a U.S. ally in the wars in Afghanistan and Iraq and maintains troops in each. Through in interpreter, Berlusconi said Italy will stand with the United States in working through the global financial crisis.

"The U.S. has taken over responsibility for taking care of the world," Berlusconi said.

The stock market stayed aloft during Bush's remarks, unlike during some of his previous addresses.

-- Frank Ahrens

By Frank Ahrens  |  October 13, 2008; 11:24 AM ET
Categories:  The Ticker  
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As if the Swiss are going to let Bush and Paulson take responsibility for banks there while they are taking care of the world. Maybe we can handle the growing of the grapes all across France. Sounds like more running of the bulls. Isn't Italy in more trouble than we are? Maybe the Pope will visit when the soup kitchens get started.


Posted by: Night Mayor | October 13, 1908 11:40 AM | Report abuse

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