Yes I do, he called me a racist... That's saying he's a racist. I didn't appreciate it then and I don't appreciate it now. It's one thing to say, you… - George W. Bush

In recent weeks, we have taken bold steps to prevent a severe disruption of the American economy, which would have a devastating effect on other economies around the world. We've promoted stability in the markets by preventing the disorderly failure of major companies. The Federal Reserve has injected urgently needed liquidity into the system. And last week, I announced a decisive action by the federal government to address the root cause of much of the instability in our financial markets, by purchasing illiquid assets that are weighing down balance sheets and restricting the flow of credit. I can assure you that my administration and our Congress are working together to quickly pass legislation approving this strategy, and I'm confident we will act in the urgent time frame required.

Ours is a nation of immigrants. We're also a nation of law. Unfortunately, the United States has not been in complete control of its borders for decades and, therefore, illegal immigration has been on the rise. We have a responsibility to address these challenges. We have a responsibility to enforce our laws. We have a responsibility to secure our borders. We take this responsibility seriously.

I told [Hu Jintao] I stayed awake worrying about another terrorist attack on America. He quickly replied that his biggest concern was creating twenty-five million new jobs a year. I found his answer fascinating, It was honest. It showed he worried about the impact of disaffected, unemployed masses. It explained his government's policies in resource-rich places like Iran and Africa. And it was a signal that he was a practical leader focused inward, not an ideologue likely to stir up trouble abroad.