They hate the R-word.
WASHINGTON — A recession is probably not on the horizon, despite the drumbeat of grim financial news, but the ailing economy needs quick passage of a stimulus package plus aggressive action by the Federal Reserve, Ben S. Bernanke, the Federal Reserve chairman, told Congress on Thursday.
“We currently see the economy as continuing to grow, but growing at a relatively slow pace, particularly in the first half of this year,” Mr. Bernanke told the House Budget Committee, acknowledging that conditions are worse this year than in the “reasonably good” second half of 2007...
Passengers will pay no attention to that iceberg while we move around the chairs and the crew mans the lifeboats
....“The president supports a permanent extension of his tax cuts, and he supports a short-term growth package, but they are separate,” said Tony Fratto, the White House deputy spokesman...
And what would said short-term jump-start stimulus be? Well... tax cuts, with permanent long term tax cuts might do the trick for Dear Leader's Ba$e, considered separately, of course.
...President Bush told congressional leaders privately he favors income tax rebates for people and tax breaks for businesses, officials said...
We're taking on water! Steer it towards those icebergs,
they'll plug the holes. And you passengers won't need the life jackets, they'll just get in your way.
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