AFP
US President George W. Bush heads to New York Friday for a speech aimed at reassuring them that things will get better.
He will call for confidence that the world's richest economy will, in a matter of months, recover from woes like the worsening housing crisis, the anemic dollar, and skyrocketing oil and gasoline prices, aides said.
But he was not expected to announce any major new proposals.
At the same time, the administration has turned aside questions about whether the US economy is in a recession, with Fratto saying Thursday that: "We know lots of people want to try to find labels for headlines, but we're going to be focused on policy."
Buffeted by a stronger-than-expected drop in monthly US retail sales, the White House also urged US consumers -- a key engine of the world's largest economy -- to shop.
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