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 Facing Economic Facts - White House Press Briefing by Scott Stanzel — Friday, December 05, 2008 —  MR. STANZEL: Jim. Q Scott, when you enter a laundry list of things that the President had to deal with, it sounds like you're claiming victimhood, that the administration has had nothing to do with the blowup of our economy. Is that what you're trying to say, or do you admit that -- MR. STANZEL: I said nothing of the sort. It is a statement of fact that those are the challenges that this President has faced. We have faced the largest terrorist attack on our economy ever. We have faced the largest natural disaster in the last hundred years. We have faced the largest crisis in our financial markets in a hundred years. That's statement of fact. The President has taken on those big challenges and taken swift action to address them. So I don't think you can dispute any one of those facts, that they're -- they simply happened. Q But what did the President do that contributed to the current economic blowup? Nothing? MR. STANZEL: Well, the President has been working to address the economic situation for years. The President, I will remind you, put in place tax relief when he inherited a recession at the beginning of his first term. He put in place tax relief, the largest tax relief in a generation, that spurred 52 straight months of job growth. That is a record. That's a statement of fact, as well. The President has put in place policies to try to get our economy moving and try to make sure that people who want to find a job can find a job. So the President has worked hard to make sure that we can take action to keep our economy moving, but many of these problems that we have seen -- in the financial markets, in the housing markets -- are many, many years in the making. Bush Administration | Economy | President Bush | Press Briefing | Scott Stanzel | White House Press Corps Labels: Bush Administration, Economy, President Bush, Press Briefing, Scott Stanzel, White House Press Corps >> Full Story
Posted by White House Press Corps @ 7:29:00 PM
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