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

To: Kenneth E. Phillipps who wrote (498672)	11/25/2003 6:38:23 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 769670

Holiday Spending to Disappoint - Survey WASHINGTON (Reuters) - U.S. holiday shopping may not live up to robust expectations, a survey showed on Tuesday, adding to warnings that Americans may cut spending from last year's already weak levels despite a surging economy. The surprisingly pessimistic survey from the Consumer Federation of America and the Credit Union National Association (News - Websites) said consumers are cautious because of lingering concern about the economy and worries about household debt payments. While most private-sector economists have predicted strong holiday spending, fueled by leftover cash from summer tax cuts and renewed confidence in the economic recovery, the gloomy survey echoed a separate poll by The Conference Board on Monday which also suggested shoppers would rein in spending. biz.yahoo.com

To: Kenneth E. Phillipps who wrote (498672)	11/25/2003 7:14:11 PM
From: Thomas A Watson	Respond to of 769670

Breaking News: U.S. GDP Grows at 8.2% Pace in 3Q The Commerce Department this morning announced that the economy grew at an astounding 8.2 percent in the third quarter of this year the fastest pace in nearly two decades and higher than previously reported. Thanks in large part to the President's pro-growth policies and tax relief, the economy is poised for sustained growth: The 8.2 percent growth rate more than double the 3.3 percent pace registered in the second quarter represented the best showing since the first quarter of 1984, when the economy surged at a 9 percent pace. Economists were predicting third-quarter GDP would be revised up, with estimates ranging from a 7.3 percent pace to an 8 percent pace. Near rock-bottom short-term interest rates and President Bush's third round of tax cuts motivated businesses and consumers to spend and invest more, helping the economy to move at such a fast clip in the third quarter, economists say. georgewbush.com