Economy's Facing A Challenge According to Bush

President George Bush said in the Union League Building in Chicago on Jan. 7th, that the U.S might be facing some "economic challenges." This doesn't seem strange seeing as how oil prices have skyrocketed due to the tension in the Middle East, the home mortgage crisis, and a weakening job market. “We cannot take growth for granted,” Mr. Bush said in a speech to a group of business leaders in which he acknowledged that “recent economic indicators have become increasingly mixed.” In addition to the three problems, unemployment rate jumped up to 5%. A number of analysts have predicted a economic downturn in 2008 which will carry on to the next president whomever that may be. Hopefully the economic situation will not be like it was in 1979 with the Energy Crisis when Carter was in Presidency. Interest rates went up 20 % and the American people were still facing the backlashing of the Kennedy assassination, Watergate, and the Vietnam War.