George W. Bush

US to host global finance crisis summit

US to host global finance crisis summitWashington - US President George W Bush and French President Nicolas Sarkozy Saturday said an emergency global summit on the finance crisis will be held in the United States, possibly before the end of November. 

The announcement was made at the US presidential retreat, Camp David, outside Washington, where European Commission President Jose Manuel Barroso also joined the meeting. 

Bush urges patience amid more depressing economic news

Obama’s inexperience ratings similar to those of Bush in 2000 presidential polls

Obama’s inexperience ratings similar to those of Bush in 2000 presidential pollsWashington, Oct 17 : Though GOP strategist Karl Rove highlights a continued weak point for Barack Obama by claiming that 45 percent of registered voters in the latest Washington Post-ABC News poll doubt the Illinois senator’s readiness to be President, it was much the same for George W Bush in the 2000 presidential polls.

According to the Washington Post, Rove may have exaggerated the extent of public doubts about Obama’s experience compared with George W. Bush’s in 2000.

Bush: Situation is "tough," outlook is "optimistic"

Bush: Situation is "tough," outlook is "optimistic" Washington - With Wall Street continuing in a tailspin, US President George W Bush Wednesday said he realized the country was in a grim financial crisis but was confident "in the long run, this economy will come back."

Bush met in the morning with his financial advisors, then flew to Grand Rapids, Michigan, one of the hard-hit manufacturing areas of the country and a major Democratic stronghold for the November 4 presidential elections. He met with small-town business owners and bankers in Michigan.

Bush administration endorsed CIA''s interrogation tactics against Al Qaeda suspects

Stone says “W.” no disservice to Bush administrationWashington, Oct. 15 : The Bush administration issued a pair of secret memos to the CIA in 2003 and 2004 that explicitly endorsed the agency''s use of interrogation techniques such as water-boarding against al-Qaeda suspects.

The classified memos, which have not been previously disclosed, were requested by then-CIA Director George J. Tenet more than a year after the start of the secret interrogations, according to four administration and intelligence officials familiar with the documents.

Bush announces 250 billion dollar bank sector infusion

US President George W BushWashington - US President George W Bush announced Tuesday plans for the government to pump 250 billion dollars in the American banking sector, following similar action announced by several European governments the day before.

The goal is to revive the financial sector and to return the economy back on the road to growth, Bush said in a brief televised statement in Washington.

The purchase of shares and stakes in banking institutes would be "short-term measure" towards stabilizing the markets, Bush said. The banks can then later repurchase their stakes from the state.

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