Bush: US Is Not Headed Into Recession

Oh well hey, thanks for the clarification.

WASHINGTON (AP) - President Bush said Thursday the country is not recession-bound and, despite expressing concern about slowing economic growth, rejected for now any additional stimulus efforts. "We acted robustly," he said.

"We'll see the effects of this pro-growth package," Bush told reporters at a White House news conference, acknowledging that some lawmakers already are talking about a second stimulus package. "Why don't we let stimulus package 1, which seemed like a good idea at the time, have a chance to kick in?"


oil at all time high? exchange with euro at all time low? No, those things don't MEAN anything....

On one issue particularly worrisome to American consumers, there are indications that paying $4 for a gallon of gasoline is not out of the question once the summer driving season arrives. Asked about that, Bush said "That's interesting. I hadn't heard that. ... I know it's high now."

Bush also telegraphed optimism about the U.S. dollar, which has been declining in value.


but the real money quote of this press conference:
"The Turks need to move, move quickly, achieve their objective and get out," he said.
man, if he had followed that in Iraq....just THINK!