Read the Bills Act Coalition

Friday, February 29, 2008

Bush still says no recession in U.S.

From the AP:

President Bush said Thursday the country is not recession-bound and, despite expressing concern about slowing economic growth, rejected for now any additional stimulus efforts. "We acted robustly," he said.

"We'll see the effects of this pro-growth package," Bush told reporters at a White House news conference, acknowledging that some lawmakers already are talking about a second stimulus package. "Why don't we let stimulus package 1, which seemed like a good idea at the time, have a chance to kick in?"

Bush's view of the economy was decidedly rosier than that of many economists, who say the country is nearing recession territory or may already be there. "I'm concerned about the economy," he said. "I don't think we're headed to recession. But no question, we're in a slowdown."


Need to let the effects of the stimulus package work before we declare it a success or failure.

Read Here: http://apnews.myway.com/article/20080228/D8V3GT1O2.html

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