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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (37259)	9/15/2005 2:59:36 PM
From: patron_anejo_por_favor	Read Replies (2) of 116555

More broken window fellatio from Dollar Ben, the gambler's friend! news.yahoo.com Katrina's economic hit palpable: adviser 1 hour, 49 minutes ago Hurricane Katrina will hurt the U.S. economy in the short run but bright long-term prospects mean the Bush administration can push ahead with its reform agenda, a top White House economic adviser said on Thursday. "In the shorter term, the devastation wrought by Hurricane Katrina will have a palpable effect on the national economy," White House economic adviser Ben Bernanke said in prepared remarks for delivery at the National Press Club. But he said private-sector forecasts were for healthy long-run growth. Bernanke said the White House intends to continue pursuing policies that have make the economy able to withstand shocks and that will keep growth on track. "These policies include making tax relief permanent, reducing the budget deficit by limiting spending, strengthening retirement and health security through efforts like Social Security reform ... and enhancing energy security," Bernanke said.

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