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(单词翻译:双击或拖选)
U.S. President George Bush says the U.S. economy is sound, despite a series of financial setbacks. VOA's Paula Wolfson reports at a White House news conference Mr. Bush sought to reassure1 consumers unnerved by rising gas prices and uncertainty2 in the housing market.
President Bush meets reporters on the briefing room of the White House in Washington, 15 Jul 2008
The president acknowledges this is a difficult time for American families, but he says the economy will eventually rebound3.
"We can have confidence in the long term foundation of our economy. And I believe we will come through this challenge stronger than ever before," he said.
Mr. Bush says his administration is already taking steps to deal with the nation's financial woes4. And he blames the Democratic Party-led U.S. Congress for holding up further action.
He says lawmakers need to pass legislation to make sure major mortgage lenders are sound. And he urges them to act swiftly to lift the congressional ban on offshore5 oil drilling.
"Democratic leaders have been delaying action on offshore exploration and now they have an opportunity to show that they finally heard the frustrations6 of the American people," he added.
On Monday, the president removed White House restrictions7 on offshore oil exploration. But both the executive and legislative8 branches must act before new drilling can occur along America's coastlines.
House Speaker Nancy Pelosi calls the president's oil exploration plan a hoax9 and urges the administration to tap the nation's emergency Strategic Petroleum10 Reserve. Mr. Bush rejects that idea. He says there is no short-term answer to the oil price problem, but adds a show of American resolve to expand domestic exploration would send a powerful signal to world markets.
"I readily concede it is not going to produce a barrel of oil tomorrow, but it is going to change the psychology11 that demand will constantly outstrip12 supply," he noted13.
The president also used his press conference to urge Congress to approve a pending14 free-trade agreement with Colombia. He said the pact15 will enable the United States to sell more goods in the Colombian market, and will help a strong U.S. ally in the region, President Alvaro Uribe.
"Turning our back on somebody like Uribe makes no sense at all," he explained. "He is a courageous16 fighter against terrorists and yet our Congress won't even bring up a free trade agreement with Colombia."
The session with reporters was held on a day that the nation's largest automaker, General Motors, provided more bad economic news.
Faced with slumping18 sales, the company announced cuts in production of trucks and other large vehicles. It also said it would slash19 job benefits for its work force and retirees, such as health insurance and pensions, by 20 percent.
The president did not speak directly about GM's fate. But he did say the government would not provide a bail-out.
"If your question is should the government bail-out private enterprise, the answer is no, it shouldn't," he said.
Mr. Bush said the auto17 industry must adapt to changing consumer demands. And he stressed the demand right now is for smaller, more fuel-efficient cars.
1 reassure | |
v.使放心,使消除疑虑 | |
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2 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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3 rebound | |
v.弹回;n.弹回,跳回 | |
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4 woes | |
困境( woe的名词复数 ); 悲伤; 我好苦哇; 某人就要倒霉 | |
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5 offshore | |
adj.海面的,吹向海面的;adv.向海面 | |
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6 frustrations | |
挫折( frustration的名词复数 ); 失败; 挫败; 失意 | |
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7 restrictions | |
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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8 legislative | |
n.立法机构,立法权;adj.立法的,有立法权的 | |
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9 hoax | |
v.欺骗,哄骗,愚弄;n.愚弄人,恶作剧 | |
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10 petroleum | |
n.原油,石油 | |
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11 psychology | |
n.心理,心理学,心理状态 | |
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12 outstrip | |
v.超过,跑过 | |
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13 noted | |
adj.著名的,知名的 | |
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14 pending | |
prep.直到,等待…期间;adj.待定的;迫近的 | |
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15 pact | |
n.合同,条约,公约,协定 | |
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16 courageous | |
adj.勇敢的,有胆量的 | |
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17 auto | |
n.(=automobile)(口语)汽车 | |
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18 slumping | |
大幅度下降,暴跌( slump的现在分词 ); 沉重或突然地落下[倒下] | |
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19 slash | |
vi.大幅度削减;vt.猛砍,尖锐抨击,大幅减少;n.猛砍,斜线,长切口,衣衩 | |
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