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


To: Srexley who wrote (553418)3/18/2004 10:02:44 PM
From: Steve Dietrich  Read Replies (2) | Respond to of 769670
 
<< go further than that. I say it is pretty good now.>>

I guess that's the difference between us. I don't think an American economy that's losing jobs is good. I don't think a stock market that is lower than when Bush took office is good either. But that's just me.

<<and NON STOP WHINING AND COMPLAINING from the dem leaders>>

I imagine you were singing a whole different tune when Bush was talking down the economy in '00. Let me guess, it only effects the markets when dems do it, right?

From a BBC article:

Downward spiral

Analysts agree that the US economy has slowed in recent months, but some warn that the Bush team risks turning a dramatic downturn into a self-fulfilling prophecy.

George W Bush's father presided over the last recession
They say negative comments, which they believe have caused the markets to fall sharply this week - can often feed on themselves.

"Clearly they have a political incentive to shift the blame or to put the blame, if a recession there is to be, on the outgoing (Clinton) administration," said economist Wayne Ayers.

"He does not want the Bush family to be the bookends, so to speak, on 10 years of prosperity," he added, referring to the recession that ended in 1991 under George W Bush's father.

Independent economic consultant Douglas Lee called Mr Bush's comments "disingenuous" and warned that tax cuts would do little to stave off a recession should the economy fall further.


Maybe things would be a whole lot different if Bush hadn't come into office talking down the economy?

Steve Dietrich