Week Ending Friday, November 7, 2008

Contents:
Author: George W. Bush  | Date: November 7, 2008

Statement on the National Economy,
November 7, 2008

Today we received monthly job report numbers that reflect the difficult challenges confronting our economy. We are in the midst of a global financial crisis, and tight credit markets have made it harder for businesses to borrow the money they need to meet their payrolls, grow, and create new jobs.

The Federal Government has taken aggressive and decisive measures to address this situation. It will take time for these measures to have their full impact on an economy in which many Americans are struggling. But in recent days, we have seen some encouraging signs. The market for lending between banks has loosened considerably, and the Federal Reserve’s efforts to stabilize the commercial paper market have provided businesses with an urgently needed source of financing for day-to-day operations.

In the weeks ahead, my administration will continue working to return our economy to the path of prosperity and growth. I will continue urging Members of Congress to approve free trade agreements with Colombia, Panama, and South Korea, and I look forward to hosting an international financial summit with leaders of both developed and developing nations on November 15.

I understand that Americans remain deeply concerned about the challenges facing our economy, but our economy has overcome great challenges before, and we can be confident that it will do so again.

Note: The Office of the Press Secretary also released a Spanish language verision of this statement.

Contents:

Related Resources

None available for this document.

Download Options


Title: Week Ending Friday, November 7, 2008

Select an option:

*Note: A download may not start for up to 60 seconds.

Email Options


Title: Week Ending Friday, November 7, 2008

Select an option:

Email addres:

*Note: It may take up to 60 seconds for for the email to be generated.

Chicago: George W. Bush, "Statement on the National Economy, November 7, 2008," Week Ending Friday, November 7, 2008 in United States. Executive Office of the President, Weekly Compilation of Presidential Documents, Week Ending Friday, November 7, 2008 (Washington, D.C.: U.S. Government Printing Office, 2008), 44:1401-1402 Original Sources, accessed December 4, 2022, http://www.originalsources.com/Document.aspx?DocID=3JEYDJWRCJLXRU2.

MLA: Bush, George W. "Statement on the National Economy, November 7, 2008." Week Ending Friday, November 7, 2008, in United States. Executive Office of the President, Weekly Compilation of Presidential Documents, Week Ending Friday, November 7, 2008 (Washington, D.C.: U.S. Government Printing Office, 2008), 44:1401-1402, Original Sources. 4 Dec. 2022. http://www.originalsources.com/Document.aspx?DocID=3JEYDJWRCJLXRU2.

Harvard: Bush, GW, 'Statement on the National Economy, November 7, 2008' in Week Ending Friday, November 7, 2008. cited in , United States. Executive Office of the President, Weekly Compilation of Presidential Documents, Week Ending Friday, November 7, 2008 (Washington, D.C.: U.S. Government Printing Office, 2008), 44:1401-1402. Original Sources, retrieved 4 December 2022, from http://www.originalsources.com/Document.aspx?DocID=3JEYDJWRCJLXRU2.