Relax…Bush says US is not nearing recession
(posted by Paige)
Just in case any of you are losing sleep over the economy, here’s some news to cheer you up. While it’s true that Alan Greenspan, former Federal Reserve Chairman, said earlier in the month that the chance of a recession is “50 percent or better,” Bush expressed a much more optimistic view about the economy during a press conference today:
“Here in Washington people are trying to [promote] stimulus package two and all that stuff,” he said. “Why don’t we let stimulus package one, which seemed like a good idea at the time, have a chance to kick in?”
“I’m concerned about the economy,” Bush added. “I don’t think we’re headed to recession.”
Looks like it will be all right after all.