January 22, 2008

THE PRESIDENT: I want to thank the leaders for coming. I initially¹ intended to brief the leaders of the House and the Senate on my trip to the Middle East, and I intend to do so, but we're going to spend some time talking about this economy and the need for us to find common ground for an effective pro-growth economic package. We had a good call last Thursday, and I want to thank the Speaker and the Leader and other members; and Secretary Paulson had a good meeting today.

I believe we can find common ground to get something done that's big enough and effective enough so that a economy that is inherently strong gets a boost, to make sure that this uncertainty² doesn't translate into more economic woes³ for our workers and small business people.

And so I really want to thank you all for coming, and I'm looking forward to our discussions. And -- look, there's a -- everybody wants to get something done quickly, but we want to make sure it gets done right, and make sure that we're -- everybody is realistic about a -- the timetable. Legislative⁴ bodies don't move as -- necessarily in an orderly, quick way. And, therefore, these leaders are committed, and they want to get something done. But we want to make sure we're realistic about how fast that can possibly happen. And so when we say as soon as possible, that means within the -- obviously within the ability of these bodies to effectively do their job.

So I have got reasonable expectations about how fast something can happen, but I also am optimistic that something will happen. And I appreciate very much the leadership being here today. Thank you all.

END 2:45 P.M. EST