The economy shed 63,000 jobs in February, the government said on Friday, the fastest falloff in five years and the strongest evidence yet that the nation is headed toward — or may already be in — a recession.
President Bush acknowledged on Friday afternoon that it is “clear our economy has slowed.” But he said he was confident that the recently enacted stimulus package, which will soon put checks in the mail for millions of Americans, would indeed be the “booster shot” the economy needs.
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