By JERUSALEM POST STAFF
US President George W. Bush said Saturday that despite diving stock markets and fears of global recession, now is not the time for nations to abandon open market policies or approve changes that would threaten free enterprise.
Bush used his weekly radio broadcast to address anxiety about the financial meltdown, which Federal Reserve Chairman Alan Greenspan told Congress this week had left him in a "state of shocked disbelief."
The president, who is hosting a meeting of world economic leaders on Nov. 15 in Washington, called for patience and expressed confidence the economy would eventually rebound. He called on the leaders at the summit to recommit themselves to the fundamentals of "long-term economic growth - free markets, free enterprise and free trade."
"And this moment of global economic uncertainty would be precisely the wrong time to reject such proven methods for creating prosperity and hope," he said.
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