Bush: US in 'slowdown' not recession

[Amerigo Vespucci]

Source: The Raw Story

US President George W. Bush denied Tuesday that the US economy was in recession or would go into one despite a spate of downcast reports and gloomy indicators.

"We're not in a recession, I don't think we will go in a recession. We're in a slowdown, and there's a difference," Bush said in an interview with American Urban Radio Networks. "No question there is softening now."

The US president boasted of job growth since he took office in January 2001 but acknowledged that "economies go through cycles, and the question is how do you deal with the down-cycle."

"I am confident in our economy," he said.

Read more: http://rawstory.com/news/afp/Bush_US_in_slowdown_not_recession_02262008.html

[Nitrogenica]

1. " We're in a slowdown, and there's a difference,"

What's the difference?

[Edweird]

7. I think the differnce is that "slowdown" doesn't really mean anything,

while "recession" makes him a failure.

[Javaman]

25. His mouth says, "no, no, no", but his eyes say...

"death, death, death". nt

[f the letter]

2. In other news, black is white and up is down. n/t

[laconicsax]

20. It's a little different now

Black is a very dark grey and up isn't up in the strictest sense.

[f the letter]

27. That's perfect! ha n/t

[Donnachaidh]

3. the only softening is in the top of his skull

Keep saying NO chucklenuts. Like the world believes anything that slobbers out of your mouth.

[zabet]

4. He is such a

stupid arrogant fuck. :grr:

Slowing down? Massive foreclosures,
consumer debt is high and spending is
low. Rising fuel and utility bills.
Fewer jobs and high unemployment. Rising
costs of foods, especially milk and eggs.
More like teetering on the edge of the
abyss. Who knows how low it will go if
it completely topples over?

[Extend a Hand]

5. I wonder if he lives on the same planet

as me.

[Amonester]

15. ** lives in the same "zone of comfort" as his have's & havemore's

his base = 0.5% of the US. The rest of US don't count, never counted, and never will.

And since every single "prediction" ** ever puked out have been proven wrong, here's an advice: buckle up...

[Demeter]

19. Not Even the Same Universe, Actually

[jody]

6. I'm amazed that even 18% of Americans believe Dubya is not an idiot. n/t

[santamargarita]

8. It was a slowdown the day you stole the election, now it's a depression

K&R

[sakabatou]

9. Ever since you took office

The economy has been tanking. Take off the fucking blinders!

[MikeNearMcChord]

10. Bush on the Titanic, the water is filling the ship, the ship is not sinking!

[Hulk]

11. Too bad for the chimp....he should have let them impeach him.

Then he could blame the death of the American economy on the Democratic White House. As it stands, he's going to leave us with an unnecessary war to get out of, a loss of trade by the trillions, a HUGE national debt our GRANDKIDS won't be able to bail us out of, the shrunken middle class that is beginning to resemble Latin America, and NOW...an economy that is going into recession/depression.


Way to go chimp. You get to take all the credit. You should've pushed for impeachment, you idiot.

[Tab]

12. I'm getting old

Did we not have a surplus? And hasn't the GOP, stalwarts of fiscal responsibility, been in power the last 7 or whatever years?

Call my doctor - obviously something's wrong here. I think the number is 1-800-MIND-JOB.

Apparently I've been sick for a while. Possibly since 2001.

[paparush]

13. Brick in the face is really just a love tap.

Smile and take another bite of that sh*t sandwich.

[Robeson]

14. Yes, pissing on America is just April showers.

[existentialist]

16. After that pronouncement

I'd bet even money that the markets fall badly tomorrow.

[stox]

17. So says the Black Knight

"It's just a flesh wound."

[Dont_Bogart_the_Pretzel]

18. I guess if I lived in a tinted bubble with a blindfold on I would think the same way.

[BattyDem]

21. That's like saying ...

"Jim didn't die - his heart just stopped." :eyes:

[MiniMe]

22. Take off those rose colored bifocals Bozo

[bdamomma]

23. boy he is really delusional isn't he????

what a sick thing he is.

[raccoon]

24. "A rose by any other name would smell as sweet." nt

[barb162]

26. He has to wait until a government economist tells him there's negative growth

for two quarters so don't expect him to use the R word until around July at best.

[NickB79]

28. "He's not dead, he's just pining for the fjords!"

Someone needs to beat Bush over the head with a dead parrot.