WASHINGTON - To help and motivate the tattered economy, President Bush is weighing some new steps to be taken. According to White House counselor Ed Gillespie, President’s advisers are trying to find some options for new economic suggestions and planning. White house is quite anxious about declining economy as unemployment, rising oil prices and Wall Street’s downward trends have turned into some serious issue.

In the ceremonial swearing-in of Bush’s new housing secretary, Gillespie said that before the President’s speech on the economy. The president stuck to upholding his current economic strategies. During February, the govt. passed its $168 billion incentive package, started receiving tax repayment checks to people previous month and assisted to uplift shoppers. At the Department of Housing and Urban Development, the president said that soon the signs of these motivates would begin to appear.

But many economy experts opine that consumers are still worried and due to a weaker job market people are less inclined to spend money. There are many questions about whether this second stimulus will prove sensible as the economy has plunged into its first decline since 2001.

Repayment checks for individuals and extra tax breaks for businesses were provided in the first stimulus. The White House still want to see the full effects of the present stimulus before talking about any new measure.

The president neither unveiled nor even hinted at any new proposal in his speech and he appeared to believe that no new stimulus is essential.

According to White House press secretary Dana Perino, The president is quite anxious about high fuel prices and to raise domestic oil production and exploration. She further adds that there is not any coming announcement about new economic incentive.

Recession in the U.S. economy is creating impediments in economic activities of many other developed and under-developed countries of the world.