Economic Woes Continue

A few quick things to note about the economy:

• Foreign banks are trying to bail out the mortgage industry, which has been hit hard over the last year.  The loan was $250 billion.  Banks in England, Canada, the US Central Bank and in other European countries came up with the loan.  The US economy is now much more globally driven than ever before.
• Oil hit a record high of $111 a barrel on Thursday.  The weak dollar and supply shortages were instrumental in causing the latest rise.

Where is our President on this?