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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (140045)	4/22/2001 4:17:53 PM
From: Scumbria	Read Replies (1) \| Respond to of 769667

Ish, Bush has fixed the economy. Did he do that by sinking the fishing boat or bombing the Kuwaiti's? Maybe it was shooting missionaries, or talking down the economy incessantly for months. Scumbria

To: Ish who wrote (140045)	4/22/2001 5:23:16 PM
From: Scumbria	Read Replies (3) \| Respond to of 769667

Ish, From December: Message 15069644 Clinton Economic Aide Accuses Bush of Stirring Fears WASHINGTON (Reuters) - A top economic aide to President Clinton (news - web sites) accused President-elect George W. Bush (news - web sites) on Thursday of ''talking down'' the U.S. economy for short-term partisan gain and to boost a Republican tax cut plan. ``I think it sends a signal that he's willing to be political in describing the economy, instead of serious and disciplined and not political,'' White House economic adviser Gene Sperling said in an interview on ABC's ``Good Morning America'' program. In recent weeks Republicans allied with Bush, who will be sworn in as the 43rd U.S. president on Jan. 20, have predicted economic trouble ahead in what some analysts say is an effort to justify sweeping tax cuts opposed by Democrats. On Wednesday Bush said he saw ``warning signs of a possible slowdown'' and tied economic prospects to his proposed 10-year, $1 trillion-plus tax cut. ``I believe strongly that tax relief is part of the prescription for any economic ill that our nation may have,'' Bush told a news conference. And on Dec. 3, Vice President-elect Dick Cheney (news - web sites) said: ``We may well be on the front edge of a recession here.'' ``What you're seeing is President-elect Bush and his team actually talking down our economy, actually probably injecting more fear and anxiety into the economy than is justified. And I think that's a serious mistake for him,'' Sperling said. ``They may think they get a short-term political gain and that if they say the economy is at risk of recession, they may feel that that will justify a very large tax cut, which is one of their goals. ``But I think our lesson we've had is that in the long run, it's better to show the public and the markets that you're serious and you're non-political. And I think it's always a mistake for anybody in a position of responsibility to be talking down their own economy,'' Sperling added. In a separate interview on CNN, he said Bush and Cheney may be contributing to a loss of consumer and market confidence. ''It's a self-fulfilling prophesy,'' Sperling said. While most experts are predicting growth of between 2.5 percent and 3.5 percent for the U.S. economy, Bush and Cheney ''are out almost every day injecting more fear and probably more anxieties in the economy than is warranted by the facts,'' Sperling added. He voiced hope that Bush's choice to head the Treasury Department (news - web sites), Paul O'Neill -- chairman of the aluminum giant Alcoa Inc. -- would nudge the president-elect and Cheney to be ''a little more serious'' and ``a little less political in talking about the economy.''