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Bush: US authority able to solve financial crisis
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President George W. Bush said on Friday that the United States, together with other nations, can cope with the current financial crisis.

US President George W. Bush arrives in the Rose Garden at the White House to makes a statement on the economy in Washington, October 10, 2008.

US President George W. Bush arrives in the Rose Garden at the White House to makes a statement on the economy in Washington, October 10, 2008. President Bush said on Friday the US government was moving aggressively to address the financial markets crisis, but he acknowledged that anxiety was feeding on itself as stocks continued to plunge. [Xinhua/Reuters Photo]

"The American people need to know: that the United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets," Bush said at the White House.

"We are a prosperous nation with immense resources and a wide range of tools at our disposal ... We can solve this crisis and we will," he said.

Bush noted that his administration "has a comprehensive strategy and the tools necessary to address the challenges" in the US economy.

He mentioned that major Western economies were working together in an attempt to stabilize markets and end the spreading panic.

"Through these efforts, the world is sending an unmistakable signal: We're in this together, and we'll come through this together," he said.

"This uncertainty has led to anxiety among our people. And that is understandable, that anxiety can feed anxiety, and that can make it hard to see all that is being done to solve the problem," said the president.

(Xinhua News Agency October 11, 2008)

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