That’s the narrative that’s being used these days. The economy is seemingly in decline and Bush is saying, the economy is ok. Then at today’s press conference, when a reporter asked the President about $4/gallon gas, Bush was surprised about this real life dilemma and his answer was, that he didn’t know gas prices were edging towards $4 a gallon.
Q What’s your advice to the average American who is hurting now, facing the prospect of $4 a gallon gasoline, a lot of people facing —
THE PRESIDENT: Wait, what did you just say? You’re predicting $4 a gallon gasoline?
Q A number of analysts are predicting —
THE PRESIDENT: Oh, yeah?
Q — $4 a gallon gasoline this spring when they reformulate.
THE PRESIDENT: That’s interesting. I hadn’t heard that.
Q Yes, sir.
THE PRESIDENT: Yes. I know it’s high now.
Then a reporter from the AP asked if Bush was losing touch with America, and like his father who lost his reelection bid in 1992 because he was deemed out of touch, would this would cost the GOP the presidential election.
Q Mr. President, bad economic news continues to pile up, the latest today with the GDP barely growing. Are you concerned that a sagging economy and hard times will help defeat John McCain, like it did your father in 1992? And how far are you willing to go to prevent that?
You can read the transcript, see and hear the entire press conference here.