July 16, 2008
LIKE JOSH HAMILTON'S 27th and 28th...:
Democrats see a need for further economic stimulus (Peter S. Goodman and David M. Herszenhorn, July 16, 2008, NY Times)
Many economists have concluded that a second dose of government stimulus spending is required to prevent a broad economic unraveling and provide relief to millions of Americans grappling with joblessness, plunging home prices and tight credit.Democratic leaders in Congress have already begun fashioning a package of proposed measures, but on Tuesday, President George W. Bush and the Federal Reserve chairman, Ben Bernanke, both pronounced such action premature.
"Our economy has demonstrated remarkable resilience," Bush said at a morning news conference, even as he acknowledged that growth had been "slower than we would have liked."
...W can put his tax cutting record way out of reach with one more. Posted by Orrin Judd at July 16, 2008 10:28 AM