Archive for recession

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

Posted by bosskitty

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 [...]

Diminishing Oil Causes Tough Choices For A Hungry World

Posted by bosskitty

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.

Stand Down Ya’ll, Bush insists US not in recession

Posted by bosskitty

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 enough to avoid blame for [...]

Bush Blames You — Not Iraq — for Our Tanking Economy (Condi for President?)

Posted by bosskitty

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 subprime market crashed, global [...]

Wall Street Plunges While Super Tuesday Plays

Posted by bosskitty

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 investors’ minds that [...]

Republican Sen. McConnell Holds Economic Stimulus Hostage As Senate Brawls Over FISA

Posted by bosskitty

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 last week.
The [...]

Bush Exit Strategy, Spend $3.1 Trillion, Let Rebates Boost China

Posted by bosskitty

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 of [...]

World Markets React To Bush’s Plan And The Fed

Posted by nytexan

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 BushCo and [...]

Quick, Gimme $800 Now - They’re Repossessing My …

Posted by bosskitty

 
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 Institution. The IRS, however, [...]

Cheney’s Oil Based Economics Takes No Prisoners

Posted by bosskitty

Cheney: No bailouts, no tax hikes…more oil

The vice president wields considerable power on economic policy. In a Fortune exclusive, the free-market fan weighs in on the credit crisis and his biggest fear. more
• Cheney’s brain trust
• Dick Cheney does the economy
Vice President Dick Cheney wields considerable power on economic policy. In a Fortune exclusive, the [...]

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