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Key phrases:

recession

depression

economic stimulus package

Example conversation:

Reporter: President Bush, what are you going to do about the recession?

Bush: Recession? Well, we’re not in a recession yet. The US economy is very resilient, very flexible and very strong. I trust the American people to make this right.

Reporter: But what are you going to do about it?

Bush: Well, I am working with Congress on a very strong economic stimulus package. With this economic stimulus package, we will be sure to have a fighting chance against the recession.

Reporter: Sir, but isn’t it a depression?

Bush: Oh no. Certainly not a depression! Maybe, just maybe, a recession. But I think we are worrying too much.

Reporter: Thank you, Mr. President.

Bush: You’re welcome.

Audio: