ThinkFast: January 12, 2009
Posted in Main Blog (All Posts) on January 13th, 2009 5:30 am by HL
ThinkFast: January 12, 2009
President Bush has “presided over the weakest eight-year span for the U.S. economy in decades. … The number of jobs in the nation increased by about 2 percent during Bush’s tenure, the most tepid growth over any eight-year span since data collection began seven decades ago.” Additionally, Americans’ incomes grew “more slowly than in any […]
President Bush has “presided over the weakest eight-year span for the U.S. economy in decades. … The number of jobs in the nation increased by about 2 percent during Bush’s tenure, the most tepid growth over any eight-year span since data collection began seven decades ago.” Additionally, Americans’ incomes grew “more slowly than in any presidency since the 1960s, other than that of Bush’s father.”
“It does look like a great eight years, aside from the last quarter, unfortunately,” said Ed Lazear, chairman of Bush’s Council of Economic Advisers. “In the long term, things look good. The reason things look good is this economy will rebound, and it will rebound strongly.”
Roll Call reports that some top business lobbyists are privately grumbling “that they lack the kind of access they had at the beginning of the Bush administration and wonder if their agendas are being taken seriously.”
Barack Obama and congressional leaders “plan to move soon to block the estate tax from disappearing in 2010. … In making their case for the restoration, Democrats contend that such a large additional tax break for the rich shouldn’t go into force halfway through Mr. Obama’s proposed economic-recovery package.”
President Bush will hold his final White House press conference this morning at 9:15 am. “The President will make a brief opening statement, commenting on the important role the White House press corps has in covering presidents and the White House, and then will take questions,” spokeswoman Dana Perino said.
Prince Harry has apologized after video surfaced of him referring to a fellow soldier as “our little Paki friend” and saying another soldier wearing a head cloth made him “look like a raghead.” More ?
