Thinkprogress:
On Monday, President Bush said the United States currently has “a resilient economy,” an attempt to counter growing fears of a coming recession. Similarly, on Tuesday, White House spokesperson Tony Fratto ignorantly proclaimed, “I don’t know of anyone predicting a recession.”
Yesterday on CNBC, Treasury Secretary Hank Paulson also downplayed talk of a recession, giving assurances that economic growth will continue. At the same time, however, he refused to directly deny whether there is a recession:
PAULSON: [T]he economic data is mixed. We’re watching this very closely. I said I think that we’re facing some strong headwinds, but the economy’s going to continue to grow. […]
Q: So people who think we’re in a recession have it wrong? They’re not seeing the real picture right now?
PAULSON: I simply said that, we grew at five percent in the third quarter, almost five percent in the third quarter. Again, spending was strong, right up through the fall. There’s some concerns, There’s some [inaudible]. There’s some mixed economic data, and we’re watching it very closely right now.
2 comments:
So in other words
WE ARE IN A RECESSION!
"The economy continues to grow...."
Where? Dubai?
The economy of Turkey is growing better than the U.S.
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