Bush: there really is a recession
http://www.pamshouseblend.com/showDiary.do?diaryId=8515Pam Spaulding
Sat Dec 06, 2008 at 09:32:02 AM EST
US President George W. Bush on Friday acknowledged for the first time that the US economy is in a recession after the release of official data showing the worst monthly job losses since 1974.
"Today's job data reflects the fact that our economy is in a recession," Bush said. "My administration is committed to ensuring that our economy succeeds, and I know the incoming administration shares the same commitment."
..."I'm concerned about our workers who've lost jobs during this downturn," he said. "We are focusing on the root causes of the economic downturn in order to return our economy to health."
