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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56777)	12/1/2001 10:40:29 PM
From: StanX Long	Respond to of 70976

Sunday December 2, 3:55 AM Bush urges Congress to "act boldly" to aid economy By Adam Entous sg.biz.yahoo.com WASHINGTON (Reuters) - U.S. President George W. Bush said on Saturday bold measures were needed to lift the economy out of recession, appealing to Senate Democrats -- and the nation -- to rally behind his tax-cutting stimulus package in a show of wartime unity. "The terrorist attacks of September 11 hit our economy hard. They hurt our airlines and hotels and restaurants, and undermined consumer and business confidence," Bush said in his weekly radio address. "Now we need to act boldly to protect America's economic security." The Republican-controlled House of Representatives has already approved a $100 billion economic stimulus plan consisting mostly of tax cuts for businesses, which supporters said would help spur investment. That is beyond the $75 billion proposed by Bush, who argued that tax cuts were needed to ensure the economy recovers from a recession made worse by the September attacks on the World Trade Center and the Pentagon. In addition to cutting taxes for businesses and consumers, Bush said he would extend unemployment compensation by 13 weeks in the states hardest hit by terrorism. But the economic stimulus has been bogged down for weeks in the Senate, where the Democratic majority has demanded extra spending on unemployment benefits and to help laid-off workers pay for health insurance.