100 American leading entrepreneurs including Bill Gates and Warren Buffett addressed a letter to President Bush calling on him not to recognize the Armenian Genocide. The letter says, in part, that recognition of the Armenian Genocide may turn out a calamity for the United States and trade relations with Turkey will be damaged badly. Besides, the authors of the letter are convinced that the Genocide recognition will hamper reconciliation between Turkey and Armenia, Turkish media reports.

The Armenian Genocide resolution was introduced in the U.S. Congress in January 2007. Its adoption is quite real due to democratic majority. It's worth mentioning that if passed by the Congress, the resolution cannot be vetoed by the President.