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

To: Wayners who wrote (601572)	8/8/2004 8:52:23 PM
From: J_F_Shepard	Read Replies (2) \| Respond to of 769670

re:" I find it moronic for people to be lamenting the bursting with claims that it was all sustainable forever until and that only a Republican President named George Bush ended it. Puleeeeze. " nytimes.com To the Editor: George P. Shultz repeats the Republican mantra that George W. Bush inherited a recession and that his is a record of recovery. As an academic and former government official, Mr. Shultz ought to know that the nonpartisan National Bureau of Economic Research concluded that the most recent recession began in March 2001 - after, not before, President Bush took office. The bureau is the official arbiter of business cycles. He also ought to know that mainstream economists, including Alan Greenspan, the Federal Reserve chairman, and Kathleen Utgoff, the commissioner of the Bureau of Labor Statistics, do not consider the household survey he cites to be a reliable indicator of employment. The "prosperity" Mr. Shultz alludes to is the worst recovery on record. We are still more than a million private-sector jobs short of where we were when the Bush recession began, and real weekly wages have declined since the official end of the recession nearly three years ago. To top it off, the Bush budget for this fiscal year 2004 includes the biggest deficit in history, $445 billion by the president's own admission. President Clinton bequeathed prosperity. President Bush has squandered it. Frank R. Lautenberg U.S. Senator from New Jersey Washington, Aug. 4, 2004