Discuss the Economy
Join Keith Hennessey, Assistant to the President for Economic Policy and Director of the National Economic Council, at 1:00 PM on Monday, December 22, to discuss the economy and the Administration’s plan to Assist Autoworkers.
"This year’s theme celebrates the patriotic spirit that unites us as Americans. During this hopeful season we are reminded of the blessings of freedom we enjoy, and we renew our sense of what is important in our lives. Family and friends gather to share old traditions and create new ones. Strangers exchange smiles and tidings of good cheer. Children happily sing along to the songs of the holidays and help bake holiday treats for their loved ones." - President and Mrs. Bush
The United States is committed to the advance of freedom and democracy as the great alternatives to repression and radicalism. The most powerful weapon in the struggle against extremism is the universal appeal of freedom. Freedom is the best way to unleash the creativity and economic potential of a nation, the only ordering of a society that leads to justice, and the only way to achieve and permanently protect human rights.
The peaceful transfer of power from one Presidential Administration to the next is a hallmark of American democracy.
With our Nation at war, our homeland targeted by terrorist adversaries, and our economy facing serious challenges, the
Administration is committed to establishing and executing a transition plan that minimizes disruption, maintains
continuity, and addresses the major changes in government since the 2000 transition, including the Intelligence Reform
and Terrorism Prevention Act of 2004, as well as the creation of the Department of Homeland Security, the Director of
National Intelligence, and the Homeland Security Council.
President Bush has outlined decisive government action to preserve and sustain America's financial system and economy. This is a pivotal moment for America's economy. Problems that originated in the credit markets – and first showed up in the area of subprime mortgages – have spread throughout our financial system. As a result, the government is acting now to protect our Nation's economic health from serious risk.
President George W. Bush welcomes President Mahmoud Abbas of the Palestinian Authority Friday, Dec. 19, 2008, to the Oval Office of the White House. White House photo by Eric Draper
President Bush on Friday said, "The actions I'm announcing today represent a step that we wish were not necessary. But given the situation, it is the most effective and responsible way to address this challenge facing our nation. By giving the auto companies a chance to restructure, we will shield the American people from a harsh economic blow at a vulnerable time. And we will give American workers an opportunity to show the world once again they can meet challenges with ingenuity and determination, and bounce back from tough times, and emerge stronger than before." En Español Fact Sheet: Financing Assistance to Facilitate the Restructuring of Auto Manufacturers to Attain Financial Viability In Focus: Economy
President Bush on Friday said, "You have done a lot of important and hard work in helping the region understand the importance of two states living side by side in peace. No question this is a hard challenge, but nevertheless, people must recognize that we have made a good deal of progress. And a lot of it has to do with your leadership, and I thank you." In Focus: Middle East In Focus: Global Diplomacy
Watch Friday's Press Briefing with White House Press Secretary Dana Perino and Assistant to the President and Deputy Chief of Staff for Policy Joel Kaplan
President Bush on Friday said, "It's a humbling experience to be included here among so many extraordinary leaders. One of the great things about this collection is that visitors can examine the faces of the men who have shaped our nation's history -- and study how history has shaped them. In each of their images, we're reminded of the incredible joys and responsibilities that come with the presidency. Yet in these two centuries of history, we're also reminded that this office -- and the enduring ideals it represents -- are greater than any person."