Posted on 01/03/2008 6:31:12 PM PST by hedgetrimmer
WASHINGTON (AP) -- Amid new worries about a possible recession, the housing slump and rising oil prices, President Bush is exploring an economic stimulus package to reinforce the U.S. economy.
White House press secretary Dana Perino said Thursday that Bush is closely monitoring economic trends and is seeking input from his economic advisers on the pros and cons of such a package.
"The president has indicated that he will not make up his mind as to whether or not to lay out a package until the State of the Union," Perino said about the president's speech on Jan. 28. "Our economic policy is like our military policy. It is based on conditions on the ground and the president listens to advice from his economic advisers."
On Friday, Bush will receive an update from a working group on financial markets, an interagency panel that meets regularly to discuss market conditions and regulatory policy. Treasury Secretary Henry Paulson is chairman of the group. The other members are: Federal Reserve Chairman Ben Bernanke; Chris Cox, chairman of the Securities and Exchange Commission; and Walt Lukken, acting director of the Commodity Futures Trading Commission.
The Commerce Department reported Thursday that orders for manufactured goods rose by 1.5 percent in November, the biggest rise since a 3.4 percent surge in July. But the increase reflected higher petroleum prices and was not seen as a sign of renewed strength in the nation's manufacturing sector.
The Federal Reserve cut a key rate three times last year. Many economists predict there will be more rate cuts to come to help energize a weakening economy.
The president says he knows the public is frustrated and restless about the economy, and that his administration is trying to help people deal with their mortgage crises, energy bills and education concerns.
In his end-of-the-year message, Bush said, "The underpinnings of our economy have proven strong, competitive, and resilient enough to overcome the challenges we face."
It wouldn’t be an economic thread without somebody from The Kindergarten Economic Group making an ad hominem attack now would it.
Sacrifice a Democrat presidential candidate on the South Lawn every week until the economy improves. Failing that, start on the more marginal GOP candidates.
As long as they show me the money
Bush could have pushed ANWR et al through in 2002, when he had 90% ratings and the Congress. He blew it. And he can't do squat now. Every RAT candidate is crowing about "eliminating dependence on oil" which is a complete fantasy. We are simply screwed for at least a decade or more.
What recession?
Kindergarden Economic Group. Cute. I noticed you used a "t" instead of a "d." Are you some sort of furriner?
This thread was designed and posted specifically for the purpose of trolling. Grow a thicker skin, or go elsewhere.
1. You are engaging in "central planning."
2. You are institutionalizing "free trade."
3. You don't have the money to "pay" for it.
4. Your charge card is "maxed."
5. You are doomed.
6. Bush is Hitler.LOL
There is a serious problem.
Stimulus is something you can do when there is not a massive historical budget deficit already.
Clearly.
LOL—Godwin’s Law!You lose! LOLOL
I’ll add Godwin’s Law to the long list of things you do not understand.
We have a vertical monopoly via oil cartel operating because we make the barriers to entry in that field so high no one else has the capital to play. The only way those barriers will come down is through congress and the courts. If you want to blame someone blame them.
No, I'm in favor of me keeping more of my money rather than giving it to the government. Would rather keep more or less of your money?
Can you show us that a cut in the capital gains tax rate doesn't pay for itself by stimulating economic growth thereby increasing revenue for the fedgov? Are you one of those conservatives who thinks income should be taxed twice? Do you think it's good for our economy and our global competitiveness to tax investment capital the way we do and to have the second highest corporate tax rate in the world? Do you share Hucklebuck's vision for bigger government and higher taxes?
:-o
End unbalanced trade, Mr. President. We buy goods from you, you buy goods from us.
What are you selling to your grocery store?
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