sunndoggy8
07-27-2002, 11:36 PM
Evans: Economy Doing 'Surprisingly Well'
Sat Jul 27, 7:15 PM ET
By Andrea Shalal-Esa
WASHINGTON (Reuters) - Commerce Secretary Donald Evans said on Saturday the U.S. economy was doing "surprisingly well," but the Bush administration was still concerned about restoring confidence in U.S. financial markets.
Evans told CNN's "Novak, Hunt & Shields" program that the economy was performing well given the events of the past year and a half, including the Sept. 11 attacks on the World Trade Center in New York and the Pentagon ( news - web sites), a decline in business investment spending and the U.S. war on terrorism.
"The economy ... is doing surprisingly well when you think about the blows to the economy over the last year and a half," he said, noting Federal Reserve ( news - web sites) Board Chairman Alan Greenspan ( news - web sites) has forecast 2002 economic growth of 3-1/4 to 3-3/4 percent.
Evans is the latest Bush administration official publicly touting the U.S. economy's fundamentals as part of a push to shore up confidence in President Bush ( news - web sites)'s handling of the economy ahead of key congressional elections in November....
Does anyone else think this is the biggest pile of horseshit you've ever heard?
Millions of people are pulling their money out of their 401k's, the stock market has plunged almost a 1000 points 2 weeks ago, and then went up 500 in one day, and no one would be surprised if yet another company got investigated for their accounting practices...these are signs of an economy performing well?
It's horrible out there, yet I have to read untrue and unsubstantiated ideas about the economy doing well because elections are coming up. It's FUCKING CRAP!!!
Is anyone else angry at these sort of politically biased lies?
<IMG SRC="http://home.att.net/~sunndoggy8/sunnysig1.jpg" width=300 height=80>
<i><b><font color="#0F00CD">"If you can't say something bad about a relationship you shouldn't say anything at all." </font color="#0F00CD"></b></i>
Sat Jul 27, 7:15 PM ET
By Andrea Shalal-Esa
WASHINGTON (Reuters) - Commerce Secretary Donald Evans said on Saturday the U.S. economy was doing "surprisingly well," but the Bush administration was still concerned about restoring confidence in U.S. financial markets.
Evans told CNN's "Novak, Hunt & Shields" program that the economy was performing well given the events of the past year and a half, including the Sept. 11 attacks on the World Trade Center in New York and the Pentagon ( news - web sites), a decline in business investment spending and the U.S. war on terrorism.
"The economy ... is doing surprisingly well when you think about the blows to the economy over the last year and a half," he said, noting Federal Reserve ( news - web sites) Board Chairman Alan Greenspan ( news - web sites) has forecast 2002 economic growth of 3-1/4 to 3-3/4 percent.
Evans is the latest Bush administration official publicly touting the U.S. economy's fundamentals as part of a push to shore up confidence in President Bush ( news - web sites)'s handling of the economy ahead of key congressional elections in November....
Does anyone else think this is the biggest pile of horseshit you've ever heard?
Millions of people are pulling their money out of their 401k's, the stock market has plunged almost a 1000 points 2 weeks ago, and then went up 500 in one day, and no one would be surprised if yet another company got investigated for their accounting practices...these are signs of an economy performing well?
It's horrible out there, yet I have to read untrue and unsubstantiated ideas about the economy doing well because elections are coming up. It's FUCKING CRAP!!!
Is anyone else angry at these sort of politically biased lies?
<IMG SRC="http://home.att.net/~sunndoggy8/sunnysig1.jpg" width=300 height=80>
<i><b><font color="#0F00CD">"If you can't say something bad about a relationship you shouldn't say anything at all." </font color="#0F00CD"></b></i>