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To: Buddy Smellgood who wrote (20022)4/23/2004 12:29:54 PM
From: longnshort  Respond to of 48463
 
Buddy, then why do you always reply to my posts? Is posting that you have someone on ignore supposed to bother that person? Is that your BIG power play? Who cares



To: Buddy Smellgood who wrote (20022)4/23/2004 1:23:08 PM
From: Bucky Katt  Respond to of 48463
 
Snow Plays Down U.S. Budget Deficit





By HARRY DUNPHY
Associated Press Writer

April 23, 2004, 10:31 AM EDT

WASHINGTON -- The soaring U.S. budget deficit is not a threat to the global economy, Treasury Secretary John Snow said as finance ministers and central bankers from the major industrialized nations gathered for weekend meetings.

Sounding an optimistic note before he and Federal Reserve Chairman Alan Greenspan hosted a meeting of the Group of Seven major industrial nations, Snow said Thursday that the U.S. economy is in far better shape than it was last spring. Analysts then were worried that anemic growth would plunge the United States into another recession.

"We're on very solid footing, our upward trend is strong," Snow said, listing a number of upbeat economic signs, from growth in the gross domestic product to rising exports and the creation of 300,000 payroll jobs in March, the biggest one-month gain in four years.

"I anticipate that this economy will be creating a lot more jobs in the coming months," Snow said in a speech to the Bond Market Association in New York.

newsday.com