Bush says no recession yet »
Posted By STONERS 1 year, 8 months ago in NewsPresident Bush said Thursday that the country is not headed into a recession and, despite expressing concern about slowing economic growth, rejected for now any additional stimulus efforts. "We've acted robustly," he said.
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STONERS1 year, 8 months ago
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"We'll see the effects of this pro-growth package," Bush told reporters at a White House news conference. "I know there's a lot of, here in Washington people are trying to stimulus package two and all that stuff. Why don't we let stimulus package one, which seemed like a good idea at the time, have a chance to kick in?"
"Bush's view of the economy was decidedly rosier than that of many economists, who say the country is nearing recession territory or may already be there."
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mesodude1 year, 8 months ago
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"Bush's view of the economy was decidedly rosier than that of many economists, who say the country is nearing recession territory or may already be there."
--Translation: Consensus among experts is that Bush is delusional in the extreme.
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ETproductions1 year, 8 months ago
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As much as I may love to bash Bush, he's technically right this time. Recession is defined as two straight quarters of negative growth in the GDP. The GDP was up just a tiny fraction of a percent in the 4th quarter. It may have dipped into the negative here in the first quarter of 2008. It's too early to tell. But we are not yet in a recession as the word is defined.
Hell of a mess? Yes. Recession? We'll know by July.
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Tcaros1 year, 8 months ago
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Bush is not in a recession. The rest of the country may be, but that's okay.
As the repugs say "were lucky we haven't been attacked."
Why do I feel like somehow the repugs might be trying to tell us "shut up or we'll make something happen."
Who's the real terror and fear players?
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panzerv1 year, 8 months ago
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Yeah, there is no recession for him and dick. Their profits from Iraq, paid in blood, will float their families for a long, long time. Meanwhile it's okay if the rest of us work for McDonalds. In bush's utopia, as long as McDonalds is hiring, the economy is fine.
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nikkibabe1 year, 8 months ago
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For people getting $1200 check from China, it will pay their credit card debt built up filling their gas tanks or pay their one month mortgage.
For those getting $300 check from China, it will pay for a month's worth of gas for their cars.
If this will stimulate a crumbling economy heading in to a recession after 7 years of having an idiot and crook in charge, it will be a miracle Mother Teresa missed or Mike Huckabee will see per his predictions.
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hamy1 year, 8 months ago
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And he also said "Mission Accomplished." And he also said that we would be welcomed as liberators. And he also said that Saddam was buying yellow cake. And he also said that we do not use torture. And he also said that we do not spy on the American people.
Need I go on?
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Searchbeam1 year, 8 months ago
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This is how revolutions start.
France in 1789. Louis the XVI, who inherited all the debts of ill-fated wars, and the debts piled on by Louis the XV, added his own incompetency and arrogance to the mix and lit up the tinder box that started the French Revolution. It changed the world as they knew it then.
Do you see the uncanny similarities here?
This is our version of Louis the XVI. We just call him GWB. He will be responsible for the death of our civilization, unless something earth-shattering happens..
Like an American Revolution?
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