"Economy Good Despite Slowing Growth, Deficit -- Bush"

[Bush_Eats_Beef]

http://story.news.yahoo.com/news?tmpl=story&cid=578&u=/nm/20040731/pl_nm/campaign_bush_dc_16

CLEVELAND (Reuters) - Despite a record budget deficit and slower-than-expected economic growth, President Bush (news - web sites) on Saturday insisted that the nation's economic prospects were improving as he campaigned in battleground states hit hard by job losses.

"Our economy is on a rising path," Bush said in his weekly radio address, a day after the Commerce Department (news - web sites) reported that the economy expanded 3 percent during the second quarter, weaker than economists expected.

The budget deficit also will likely hit another record this year, $445 billion, the White House forecast Friday. That is well above the $374 billion shortfall in 2003 but below the $521 billion the Bush administration forecast in February.

Bush -- traveling through Ohio, which he won in 2000, and Pennsylvania, which he lost -- insisted the economy was still expanding at a fast clip, consumer confidence was at a two-year high and home ownership had reached a record.

[lottie244]

1. OK, how many quarters of 'slowing growth' before it's called a recession?

Let's start the count. Just like every other business venture GW has had it has failed and he has been bailed out by his pop's and his wealthy friends and in turn they have recieved pay back in lower taxes, deregulation, and corporate subsidies. And everytime at public expense. The Bushes are good at it...think S&L scandals.

[sallyseven]

2. the 512 is skewed.

They put that number up so that when it fell to the COB estimate of 447 billion they would look good. The deficit is at 445 billion. Very shabby of bush to do this to us so his buddies can get a whopping tax break.

[StClone]

3. I like to reply to stuff like this

With simplistic bumpkin aphorism like:

"The car is stuck but we are still going places."