WASHINGTON,
July 14 (IslamOnline & News Agencies) - U.S. President George W.
Bush took the Democratic-led Senate to task for holding up two of his
favored projects, the war on terrorism and economic recovery in his
weekly radio address Saturday, July 13.
“More
than 100 days ago, I asked Congress to pass emergency funding to equip
our armed forces and strengthen security at our airports,” Bush
said.
“Without
prompt congressional action, our military will need to start
cannibalizing spare parts to keep equipment running.”
“Congress
must fund our troops while they’re fighting a war. And Congress must
provide funds to continue improving security at our airports,” the
president said.
“Our
nation is at war and our budget priorities and actions need to reflect
that reality.”
But
as Bush has run into opposition from among even some fellow
Republicans who say the blame lies not with Congress but the White
House, criticizing budget demands responsible for the bill’s lack of
progress.
Commenting
on budget debates for Bush’s defense and security proposals Sen. Ted
Stevens of Alaska, top Republican on the Senate Appropriations
Committee, said in a speech on the Senate floor, “The president is
ill-served by what is going on,” saying the White House budget
office was consumed with “blind adherence” to a bottom-line number
“without regard to the needs of the country at all.”
Bush
also revisited his crackdown on corrupt business leaders after U.S.
markets gave his speech on the subject a lukewarm reception Tuesday,
July 9. The dollar dropped and the Dow Jones industrial average fell
throughout the week and remained below 9,000.
“I
support the creation of a strong, independent board that will provide
effective oversight of the accounting profession,” Bush said,
maintaining that tougher self-enforcement, not cumbersome government
regulations, is needed to restore investor confidence. He asked
Congress to increase spending for the Securities and Exchange
Commission by $100 million.
Ahead
of the summer recess in August, Bush, who was spending the weekend at
the Camp David presidential retreat in Maryland, said Congress has
“a lot of work ahead of them.”
He
urged lawmakers to reinstate presidential trade promotion authority,
which lapsed under his predecessor, to “open up foreign markets to
American goods and create better American jobs.”
The
president also sought to impel the Democratically-controlled Senate to
pass a terrorism insurance bill and to make the 10-year, $1.35
trillion tax cut granted last year permanent.