President declares econmy "sound"

Realistically I don't think anyone would expect this particular President to say otherwise, but it's being reported by NPR that Bush Says He's Optimistic Economy is Sound and basically will remain sound as long as Congress doesn't raise taxes.

"There is no question there are some unsettling times in the housing markets and credits associated with the housing market," the president told reporters.

Asked about the chances of a recession, Mr. Bush responded that he is optimistic about the U.S. economy, "but I would be pessimistic if Congress does what it wants to do and raises taxes."

Pressed on the issue, Mr. Bush said, "You need to talk to an economist."

"I think I got a 'B' in Econ 101, but I got an 'A' in not raising taxes," he said

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