There is a story I was just reading about whether or not the proposed Bush stimulus package will forestall a recession.
President Bush, acknowledging the risk of recession, embraced about $145 billion worth of tax relief Friday to give the sagging economy a "shot in the arm. "
Bush said such a growth package must also include tax incentives for business investment and quick tax relief for individuals. And he said that to be effective, an economic stimulus package would need to roughly represent 1 percent of the gross domestic product, the value of all U.S. goods and services and the best measure of the country's economic standing.
I am sure that most of us are hoping to avoid a recession, but I wonder if all of us are on the same page. I am sure there are some Democrats(not All) who are hoping the economy will tank, so it will once again be an election about "pocket book" issues, remember "it's the economy, stupid" that brought Bill Clinton to office; and the war, rather than on who is the better candidate for this country. We shall see if this works, and working in retail, I have seen the downturn, and hope for a vibrant economy by Spring!!
