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 […]
It used to be oil for food. Now, its oil substitute OR food. Super Powers are focusing on a dying concept. Cheap energy the old fashioned way is no longer viable. […]
US President George W Bush has insisted the US is not in recession but says that he remains concerned about the economy’s performance.
In his State of the Union address, President George W Bush made reviving the US economy the centrepiece of his last year in office. But can he do […]
Five years into Iraq, Bush denies any link between Americans’ economic pain and war spending.
… oil prices once again crested above $100 a barrel and more Americans than at any time since the Great Depression owed more on their homes than the homes were worth; in the year that the […]
NEW YORK – Wall Street plunged Tuesday, driving the Dow Jones industrials down 370 points after investors saw an unexpected contraction in the service sector as evidence the economy is sinking into recession. It was the Dow’s biggest percentage drop in almost a year.
“The report drives a nail into the coffin from […]
Reid Tries to Pressure G.O.P. for $159 Billion Stimulus Bill
WASHINGTON — Senate Democrats tried to pressure Republicans on Monday to vote for a $159 billion economic stimulus plan, including $1 billion in additional subsidies for home energy, instead of a cheaper, more streamlined package approved by the House […]
WASHINGTON — President Bush unveiled a $3.1 trillion budget on Monday that supports sizable increases in military spending to fight the war on terrorism and protects his signature tax cuts.
The spending proposal, which shows the government spending $3 trillion in a 12-month period for the first time in history, squeezes most […]
Last week, Bush announced his economic stimulus plan, which was too little too late. The world markets reacted in the same fashion believing that Bush once again is not doing enough. As Bush continues to wastes billions on a failed war, the U.S. economy has tanked. Bush’s attention on what is important to […]
The devil is in the details
Once a rebate is decided on, the IRS could start mailing out checks by the end of June since the agency is now in the middle of the 2007 tax-filing season, said Jason Furman, a senior fellow at the Brookings […]