[Azrael]

We have been in a recession for the past 12 months or so. Undoubtedly this will lead to further economic problems--however, I believe the foundation of our economy to be strong. If Bush is smart, he will submit a package of further tax cuts to congress that must slash capital gains taxes. If we keep cutting taxes and lowering interest rates, our economy will pick up next about 2nd or 3rd quarter next year.

[Eric in the Ozarks]

When the socialist paradise of California offers incentives for new business ($29,000 per every new employee) you know things are slow.

[habs4ever]

You are assuming the policy mavens in Washington are like minded.They are not.Witness, still, an inversion of the yield curve on the short end.The markets are starved for liquidity, and yet the Fed neeeds more information before it can act.Unfathomable folly on their part, wedded to Keynesian theories that always require just that little bit more of data to make a decision.Bush has very bad advisors, who were crappy before 9/11, and are lethal today.