Amidst this the stupid idiot continues to play the fool! White House counselor Ed Gillespie said aides to Bush are constantly looking at options for new economic proposals. "There's a short window for the president here when it comes to new policy. We understand that," Gillespie said. "So I guess what I'm saying is, don't rule it out." Gillespie spoke before a Bush speech on the economy, timed around the ceremonial swearing-in of the president's new housing secretary, Steven Preston. In his remarks, Bush stuck to promoting his existing economic policies. The government's $168 billion stimulus package, passed in February, began getting tax rebate checks to people last month and helped to energize shoppers. "We're beginning to see signs that the stimulus may be working," Bush said at the Department of Housing and Urban Development. But analysts believe consumers still are anxious, and a weakening job market could make people feel less inclined to spend. This, and talk that the economy already has fallen into its first recession since 2001, has led to questions about whether a second stimulus might be warranted.
Bush noted that a surge of young new entrants to the job market contributed to the worse-than-expected new numbers. But, he said, "It's clearly a sign that is consistent with slow economic growth." "This is a time of turbulence in the housing market and slow growth for our overall economy," the president said. Preston, formerly the head of the Small Business Administration, is to be Bush's point man on the slumping housing market and subprime lending crisis. He is likely to be the administration's lead negotiator as Congress and the White House work on legislation to allow the Federal Housing Administration to insure up to $300 billion in refinanced mortgages, including many in which the mortgages exceed the value of their homes. Bush Looking Beyond Stimulus to Spur Sluggish Economy, Aide Says
This friggen guy is sickening! our problems aren't because of young new entrants to the job market. It is because of one Decider one chief idiot! Yesterday in relation to a discussion on the fact that an attack on Iran is now imminent Larry who is just a wealth of information sent me a very timely article but I am afraid a terrorist attack before the election allowing Bush to cancel this facade of an election process and take control of us and his wars will just be the icing on the cake. It has been allowed to build up! Failing infrastructure, multiple natural disasters still not addressed, Oil prices going through the roof, gas prices, loss of homes, loss of jobs, an allowed timely so called terrorist attack would put the icing on the cake. We are in serious trouble here and I am sick of not being able to tell the truth! we better do something and quick!