Bush Ready to Stimulate America
Posted on Apr 25, 2008
President Bush announced that rebate checks will start winging their way to taxpayers as early as Monday, helpfully observing that Americans need a little help paying for necessities like groceries and gas during this economic “slowdown”—a slightly different story from his initial justification for this economic stimulus plan, and one that wasn’t lost on his critics.
AP via My Way News:
Democrats said they were glad the rebate checks were about to go out, but suggested that multinational oil companies were not among the businesses the stimulus package was originally designed to help.
[...] House Speaker Nancy Pelosi, D-Calif., agreed that people “need this rebate to cope with the rising cost of gas and groceries.” She said that, while the rebates would help to get the economy moving, there was a need for a second stimulus package “and we have begun some conversation with the administration and Republicans.”
As he had earlier in the week, Bush used the word “slowdown” to describe the state of the economy. He has denied that the nation is in a recession, although many economists say it is.
“It’s obvious our economy is in a slowdown. But, fortunately, we recognized the signs early and took action,” Bush said.
You say recession, I say slowdown: So far, Bush has steered clear of using the R word to describe the state of the U.S. economy.