The reporter was asking about what Bush was doing for people who were seeing **technology** replace their jobs. Bush gave an entirely appropriate answer, and it wasn't even remotely related to the IT world.
Look, my company is IT. This is what I do. I hire people like you. We develop software. We provide help desk services (a dying field, by the way). We provide QA. We place people at our clients' sites, and we also develop our own commercial banking software (among others) internally.
IT has entirely different problems right now than does the textile workers and factory workers of whom the reporter seemed to be speaking (in my opinion).
IT got a late start on Y2K (speaking broadly), an issue that ramped up in urgency (needlessly) and put an enormous amount of other software projects on hold in the meantime. Then the dot com boom got agressive in hiring IT guys away. Poaching talent from existing firms become the norm. Then Y2K was over, and the old projects that were put on hold started getting worked on. Then the dot com boom went bust. Then the backlog of projects was finally caught up. So all the Y2K techies were then out of work, plus all of the dot com techies were out of work, plus all of the workers brought in for the backlog were out of work, plus...now there wasn't such a demand for getting any new work done. We had a recession, a nationwide accounting scandal, then 9/11, then two wars...and a whole lot of laid-off techies were/are competing for a very few (relatively) IT jobs. So yeah, IT has been hammered, and IT looks bad now and looks far worse in the future.
On top of all of that, we don't need as many people as before. We've got better admin software, so that reduces demand for system administrators. We've got better web development software, so now we no longer need 25 Java coders to build an order-entry web page.
And there's more. Employers got burned by some really poor employee attitudes in the 1990's. That caused employers to agressively search for alternatives, and what they found was that 90+% of all IT work was really menial grunt work that could be performed adequately by much less talented (and far cheaper) workers (hence, outsourcing). Let's face it, most programmers can do what they are told, but few are creative-enough to write a "Tetris" or a "PGP" on their own initiative, and the corporate work that is left is mostly unimaginative anyway, leaving little room for adding value by being smarter or better educated, anyway.
But no President is going to solve all of those industry-specific problems for you. You can be bitter about your chosen field getting hammered for the rest of your life if you so choose, but that won't change the future.