And to think Bush was laughing at the Iraqi information minister a few years ago. I can just about hear similar words now: "The American economy is sound, everything is alright, because we have outlawed recession and inflation." A possible case of plagiarism for the lawyers, perhaps?

anthony, london, england

When I read quotes like this, I really wonder if George Bush did actually manage to quit drinking and drug taking in the 1970's.

He's clearly living in a paisley-coloured hallucinogenic bubble while the majority of his fellow Americans go struggle with the consequences of his policies.

What a tragedy that the world has had to endure this redneck President and his buckaroo politics.

John, Bournemouth,

I think characterizing Mr. Bush's discussions of economics as the maunderings of a blithering fool might be a kind estimation of his economic acumen. On Monday he told us that the war in Iraq hasn't had a negative effect on the American economy. He also said today that he believes in the strong American dollar:

Euro in June 2001, $.94.
Euro in February 2008, $1.51

'nuff said.

David Leach

David Leach, Salem, MA

Interesting times with Bush and Bernanke in the roles of King Canute. The US and UK need to allow this correction to consumer spending. Any injection of liquidity or cut in interest rates will pour oil on the flames and exacerbate inflationary pressures.
If Bush had any sense of concern for the ordinary US citizen he would now kick-off a Marshall Plan to turn round the US economy from consumption to more wealth creating industry . America did it in the Second World War now do it again!

Steve Marchant, Broadhempston, Devon

president bush does not no how to run a country so how will he know about recession. i think he should just step down from his seat and give it to some one who can actulay run the country and not start unecessary wars. he is just trying to act like hitler but from behind like a coward unlike hitler who hit from the front.

destruction, hayes, england

Truth has never been Bush's forte. Therefore, no one pays much attention to what he says anymore.

Garth Strong, San Diego, USA

i dis agree i think george bush is stupied and can not run the country so what will he know about recession. he should stay out of these things if he dosnt understand them and leave it to the professionals. he meddels to much in everything, he starts wars for no reason aswell.

sahil ahmad , hayes, united kingdom

George Bush says there is no recession - well I believe everything the man says. Can't wait to get my check and spend it on a new wide-screen TV, so I can pay those Chinese workers that took my job.

John C, San Jose, Ca