'Optimist' Bush expects US resurgence

Speaking in the White House overnight, President Bush acknowledged the dual pressures of declining house values and high gasoline prices have created difficulties for many American families. President Bush however remains confident his administration has the ability to address these concerns, citing the “right decision” taken by the US Treasury in providing safeguards to mortgage agencies Fannie Mae and Freddie Mac. “I think the system basically is sound, I truly do. And I understand there's a lot of nervousness. But the economy is growing, productivity is high, trade is up, people are ...