President Bush Discusses Agenda for Second Term

By Susan Jones | July 7, 2008 | 8:22 PM EDT

( - "This week the voters of America set the course of our nation for the next four years," President Bush said at a post-election news conference on Thursday. "I earned capital in this election and I plan to spend it," he told reporters.

President Bush said every American has a stake in fighting the continuing war on terror. He said the U.S. will persevere until the enemy is defeated, and he pledged to protect the American people.

He reminded the world that "every civilized country also has a stake in the outcome of this war. Whatever our past disagreements, we share a common enemy. And we have common duties," he said - "to protect our peoples, to confront disease and hunger and poverty in troubled regions of the world."

Bush said he will "continue reaching out to our friends and allies... to defeat the terrorists and to encourage freedom and democracy as alternatives to tyranny and terror."

The president said he looks forward to working with the returning Congress and the new Congress that convenes in January.

He urged lawmakers to show "spending discipline" while focusing on the nation's priorities. He also urged Congress to send him an "effective intelligence reform bill" that he can sign into law.

President Bush called for "practical measures" to boost the economy and boost the nation's entrepreneurs and small business owners. He mentioned confronting frivolous lawsuits, education reform, tax-code reform, and strengthening Social Security.

In response to a question, President Bush said he'd deal with vacancies on the Supreme Court when he actually confronts one, and if people are interested in know what kind of judges he'll pick, they should look at his record.

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