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To: Mike M2 who wrote (66170)3/19/2001 12:36:41 PM
From: long-gone  Respond to of 116922
 
We need a +$25-28 day move in PoG.



To: Mike M2 who wrote (66170)3/19/2001 1:00:28 PM
From: Rarebird  Read Replies (2) | Respond to of 116922
 
Well, Mike, we both got Bush now. Isn't that great?

Dems blame Bush for slowing economy

Thursday, March 15, 2001 05:20 PM EST

WASHINGTON, Mar 15, 2001 (United Press International via COMTEX) -- Democrats
charged Thursday that pessimistic comments from Bush administration officials
have exacerbated an economic downturn.

"Why are they making these comments?" Senate Minority Leader Thomas Daschle,
D-S.D., asked. "They are doing it for irresponsible political gain on a tax cut
we can't afford and don't need."

Daschle and House Minority Leader Rep. Dick Gephardt, D-Mo., cited repeated
comments from President Bush, Vice President Dick Cheney and others in the
administration as root causes in the recent slump in consumer confidence.

Bush has proposed a $1.6-trillion tax cut over the next 10 years that he says is
needed to help the economy pull away from a possible recession. Democrats have
argued that the proposal would actually cost far more. Bush, Cheney and Treasury
Secretary Paul O' Neill have made public statements that the economy has been
slowing since last fall.

Gephardt said their statements were intended to muster support for an even
bigger tax cut, which he is against. Gephardt said Bush should be pushing the
many positive signs in the economy.

"The suggestion of a recession in order to justify what looks like a $3 trillion
tax cut is totally irresponsible," he said. "The president should be talking
about the positive signs in the economy."

Both men said these signs include increasing productivity, reduction in the
federal debt and low inflation.

Copyright 2001 by United Press International.

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