Bush says the economy is sound in the long term!

Bush says that the economy is sound in the long term and that is something that we all know. The problem is that the markets do not seem to know that are still very much bearish than bullish.
Just a statment from the president is not going to set things straight and it may need some deft handling by the Fed before the economy is back to square one. This is going to be one tough kitty to handle but handle they must, for the whole world is watching to see what the Fed does next!