WalletPop special guest blogger: President Bush...?
Other presidents have been tempted. If WalletPop were around in 1977, Jimmy Carter might have wanted to write a barn-burner post headlined Will a sweater lower your heating bills?
President Bush -- who learned from reporters in February that analysts feared gas was heading to $4 -- dropped quite a few money-saving and economy-stimulating tidbits into his press conference. As busy as he's been these last seven years, he's still moonlighted a bit, instructing Americans about the meaning of recession or the value of shopping.
He didn't have the time yesterday to work up his wisdom into full WalletPop-worthy lesson, so I've condensed his major points here, for those not lucky enough to see the press conference.
- Spend "...Take advantage of these stimulus payments and inject new energy into our economy."
- Relax "...Take a deep breath and realize that [your] deposits are protected by our government."
- Buy a small car "...people -- consumers are beginning to say, wait a minute, I don't want a gas guzzler anymore, I want a smaller car."
- Drive less "[Americans are] smart enough to figure out whether they're going to drive less or not. I mean, you know, it's interesting what the price of gasoline has done, it has caused people to drive less. That's why they want smaller cars, they want to conserve."
- Turn off the air conditioner when you leave "... if they're not in their home, they don't keep their air-conditioning running. There's a lot of things people can do."