Not Recession, Just A Slowdown, Oil Still Pricey ... No Connection, Mr. Bush?

Not Recession, Just A Slowdown, Oil Still Pricey … No Connection, Mr. Bush?

Bush: economy not in recession, in slowdown

NEW ORLEANS (Reuters) – President George W. Bush on Tuesday said the U.S. economy was not in a recession but was experiencing a slowdown.

“We’re not in a recession, we’re in a slowdown,” Bush said at a news conference at the end of a two-day summit with Canadian Prime Minister Stephen Harper and Mexican President Felipe Calderon.

Bush pointed out that the U.S. economy grew in the fourth quarter and that the statistics for the first quarter were not out yet. “But there’s no question we’re in a slowdown and people are concerned about it, obviously,” he said.

Bush reiterated his view that taxes should not be increased, especially when the economy was showing sluggishness.

“The key is for Congress not to raise taxes during this period of time and (to) send a signal that they’re not going to raise taxes,” he said.

King George is always worried about “Signals” America might send. Hey George, we don’t need no stinkin’ signals. The world can see for itself what America has become.

Bush says concerned about record oil price

NEW ORLEANS (Reuters) – President George W. Bush on Tuesday said he was concerned about record-high crude oil and gasoline prices, and said the United States needs to tap an Alaskan wildlife refuge to boost supply.

“I am obviously concerned for our consumers,” Bush said at a news conference along with Canadian Prime Minister Stephen Harper and Mexican President Felipe Calderon.

Yes, oil will remain a great concern for the rest of our lives, thank you Mr. Bush. But, that could not be related, in the least, to our economic “Slowdown”, could it? Just because oil increases the cost of everything we consume to survive, doesn’t mean we are effected by your actions.

Price of New York crude storms to record high due to falling greenback, tightening energy supplies.

Price of New York oil hits record high close to $115 as US greenback falls to all-time low against euro.

New York crude oil hits new record levels on unrest in Nigeria, weak dollar, OPEC’s refusal to hike output.

Oh, by the way …

Rice fails to clinch firm Arab commitments on Iraq US Secretary of State’s meeting with eight Arab FMs on Iraq’s debt relief, diplomatic presence ends fruitless.

And, one more thing Mr. Bush.

The US Democracy Gap in the Arab World Arabs see the United States as among the top countries with freedom and democracy for their own people, but 65 percent said they do not believe that promoting democracy is a real American objective in the Middle East, says Rami G. Khouri.

Why is that, Mr. Bush? What do they know that you haven’t told us? You looked pretty uncertain on many questions at the NAFTA conference in New Orleans. Is there something you’re not telling us? Is NAFTA going to introduce a new currency similar to the Euro? Shall we call it the Neuro?