Chairman of the Joint Chiefs of Staff, Adm. Michael Mullen, right, salutes President Bush as he walks down the stairs of the Pentagon, Friday, March 7, 2008. (AP Photo/Haraz N. Ghanbari)http://www.huffingtonpost.com/2008/03/07/bush-its-clear-econom_n_90440.htmlWASHINGTON — President Bush said Friday that "it's clear our economy has slowed" and tried to reassure an anxious public that the long-term outlook is good. "Losing a job is painful and I know Americans are concerned about our economy. So am I," Bush said during a hastily arranged White House appearance on the heels of a gloomy government economic report.
"I know this is a difficult time for our economy," he said. "But we recognized the problem early and we provided the economy with a booster shot."
Congress passed and Bush signed a stimulus package that will send tax rebates to many families and businesses. But some fear it will come too late _ or that people will use the money to save or pay off debt, rather than go on a spending spree that would boost the economy.
Bush gently urged people to do the latter. "When the money reaches the American people, we expect they will use it to boost consumer spending," he said.
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