Following this morning's weak data, it's worth noting that President Bush is scheduled to meet with his economic advisors today Note that yesterday afternoon the wire services reported that President Bush is exploring an economic stimulus package. Given this morning's weaker than expected data, it's important to note that Bush is scheduled to meet with his economic advisors today, and some comments may come out of it that the market may closely monitor... Specifically, the AP reported last night that "Amid new worries about a possible recession, the housing slump and rising oil prices, President Bush is exploring an economic stimulus package to reinforce the U.S. economy. White House press secretary Dana Perino said Thursday that Bush is closely monitoring economic trends and is seeking input from his economic advisers on the pros and cons of such a package. On Friday, Bush will receive an update from a working group on financial markets, an interagency panel that meets regularly to discuss market conditions and regulatory policy. Treasury Secretary Henry Paulson is chairman of the group. The other members are: Federal Reserve Chairman Ben Bernanke; Chris Cox, chairman of the Securities and Exchange Commission; and Walt Lukken, acting director of the Commodity Futures Trading Commission." BriefingTrader
President Bush's presidency has the highest new homeowner rate in history! His ownership society is prosperity for America! You will see! The top 1% who get those tax cuts will start buying more and stimulate the economy! The masses don't matter - it is the top 1% who are doing most of the spending and will pull the economy up! And the lowered taxes for corporations will encourage them to hire more to produce for that top 1% to buy! The middle and lower class are basically useless and can't afford anything now anyway. It is the elites who will spend more, produce more, and save the economy!! You will all see the Bush Economy soar!!