WASHINGTON (AP) - President Bush is arguing that high anxiety among both investors and the general public about the economy is making the credit crisis more severe. Bush went to the Rose Garden of the White House this morning to reassure Americans that the government is doing all it can to cope with the problem. He acknowledged mounting worry among people about their retirement and investment accounts. Bush said the United States is working "closely with our partners from around the world" to steady the stressed financial markets. He also said that "we're in this together and we'll come through this together."
President Bush's top advisers on financial markets are pledging to continue working to correct the mistakes that have led to more than a year of severe market turmoil. The President's Working Group on Financial Markets, which includes Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, issued a report Friday that says while many reforms have been implemented, more needs to be done. Paulson says the group has been working to reduce the likelihood that past mistakes will be repeated.
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