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Night Owl - Knowledge is the Past. Wisdom is the Future.
Friday, September 5, 2003
Bush's Igor on the Economy: Could Be Worse
Mood:  d'oh
Bush reminds me more and more of Igor in the Mel Brooks' film, Young Frankenstein.
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Dr. Frankenstein: What a filthy, disgusting job!

Igor: Could be worse.

Dr. Frankenstein: How?

Igor: Could be raining.

Bush on the Economy:
"Had we not taken action, this economy would have been in a deeper recession. It would have been longer, and as many as 1.5 million Americans who went to work this morning would have been out of a job." NYT - 09/05/03 - Bush Offers Six-Point Plan for an Economic Recovery

Cue thunderclap and downpour.
______________________________

On the Deficit:

"The White House serenely brushed off a detailed caution from the Congressional Budget Office last week that the growth in the deficit is more likely to roar than retreat across the next decade, fed by the three Bush tax cuts and other debt-fattening indulgences. If that warning was not enough, how about the concern reported at the International Monetary Fund that the administration has no credible plan to restore budget balance? Yes, the I.M.F., which must lecture the profligates of the globe, is worried that a structural deficit will push up interest rates and restrain growth as America ceaselessly borrows to steer red ink from imbalanced budgets onto future taxpayers." NYT Editorial, 'Deficit? What Deficit?' - 09/02/03

Bush: What Hump?

Posted by Night Owl at 7:54 PM PDT
Updated: Friday, September 5, 2003 9:11 PM PDT

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