clipped from: www.iht.com   

Bush appears out of touch on U.S. economic woes


The first hint that President George W. Bush might be detached from the nation's economic woes was in February, when he conceded that he had not heard about predictions of $4-a-gallon gasoline.


Then Bush went to Wall Street to warn against "massive government intervention in the housing markets," two days before his administration helped broker the takeover of the investment bank Bear Stearns.


For a man who came into office as America's first MBA president, Bush has sometimes seemed invisible during the housing and credit crunch. As the economy eclipses Iraq as the top issue on most voters' minds, even some Republican allies of the president say Bush is being eclipsed and is in danger of looking out of touch.


"I think for the most part the administration is doing the right thing in addressing the economic problems we have," said Representative Peter King, Republican of New York.