USA Today polled 52 economists asking “Do you think the U.S. economy is currently is a recession?”
67% said Yes.
Another 12% said we would be this year.
President Bush, however, still refuses to admit it- instead calling our current situation just a ‘very slow economy’.
His solution: make his 2001 tax cuts for the rich permanent.
Seven years after implementing these tax cuts that were supposed to stimulate the economy we are, by most measures, in a recession. Gas prices are at an all time high. The housing market in shambles.
And now George wants to make them permanent?
No wonder 73% of Americans disapprove of Bush’s handling of the economy.