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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: bobby beara who wrote (15852)8/19/2001 11:25:44 PM
From: LTK007  Read Replies (1) of 52237
 
Bobby i am not going to get into this with you--when you get your ego flying i just duck and cover----but you are saved---your call for all will be well has been PROMISED by the U.S. Government,today--if the government is not bearish,i must be wrong,doncha know?.<<White House Stands by Projections

Aug 19 2:32pm ET

WASHINGTON (Reuters) - The White House stood by its economic and budget projections on Sunday, while a key congressional Democrat said he would support modest spending cuts to preserve surpluses in Social Security and Medicare.

White House economic adviser Lawrence Lindsey again said he believed the United States would avert recession and economic growth would rebound and the U.S. gross domestic product would grow by 3.2 percent next year.

"I'm convinced the economy will hit that number," Lindsey told NBC's "Meet the Press."

Weakness in manufacturing and capital spending have triggered a serious U.S. economic slowdown over the past year.

This week, the White House will release an economic forecast that will project 1.7 percent growth for 2001 and the 3.2 percent figure that Lindsey mentioned for 2002.

Senior Bush administration officials, including Lindsey, also defended the president's $1.35 trillion tax cut, and dismissed any suggestion that it be changed or repealed.

In fact, they did not reject the premise of more tax cuts to stimulate the U.S. economy.
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