Originally published by the Voice of America (www.voanews.com).
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March 15, 2008

Bush Expresses Confidence in America's Economic Future
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http://enews.voanews.com/t?ctl=1B8E577:A6F02AD83191E160FF744252535812C2C030207A0BD70133& US president says
economic stimulus package will help turn economy around





President Bush gestures while speaking about economy during address
before The Economic Club of New York, 14 Mar 2008President Bush says
Americans can feel confident about the country's economic future even
though growth has clearly slowed.

In his weekly radio address, Mr. Bush said an economic stimulus
package will help turn the economy around.

The dollar recently hit a new low against other major currencies, the
price of oil and gold hit new highs and investors continued to worry
about inflation and a possible recession.

Mr. Bush blamed the country's economic problems on a downturn in the
housing market.

He said that government must use caution in intervening, or it could
further hurt the economy and homeowners.

The president said he opposes a plan that would give bankruptcy courts
the authority to reduce mortgage debts, and a proposal that would
artificially prop up home prices.

Mr. Bush said his administration is focusing on helping a targeted
group of homeowners who could avoid foreclosure with help refinancing
or restructuring their loans.


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