PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Les H who wrote (303935)	10/3/2002 9:05:21 PM
From: stockman_scott	Read Replies (3) of 769670

Bushonomics or Bustonomics? <<...It was reported yesterday that the stock market has just had its worst quarter since the crash of 1987. President Bush's $1.6 trillion tax cut that was supposed to stimulate the economy has instead scuttled it. The market lost 18% of its value in the last quarter. (18% !!! ) Unemployment, back on the rise, jumped to 6%. By August 1.1 million additional Americans had exhausted their unemployment benefits. Forty one million Americans are now without health insurance - 1.4 million more than last year. And, now consumer spending, the only bright spot in the economy, has begun to slow as consumers begin to brace for hard times. So, how do you like Bushonomics so far? I can't wait to see fourth quarter results. If the country were a company its board of directors would have pressing reasons to wonder whether they chose the right CEO...>> thedailyenron.com

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