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"I think the system basically is sound, I truly do," Bush said. "And I understand there’s a lot of nervousness. . . . But the economy is growing, productivity is high, trade is up, people are working. It’s not as good as we’d like, but . . . to the extent that we find weakness, we’ll move." Bush joked that he had now heard of $4.00 per gallon gas, after he notoriously denied any knowledge of those forecasts in a press briefing in March.
"I believe that in the long run, this economy is going to be just fine," Bush said. In the short term, he said the Treasury Department must go about enacting its plan to buy up troubled assets from financial firms so that credit will start flowing again to consumers.
Originally posted by GreenBicMan
reply to post by Rockpuck
It was given by a group that forecasts GDP that historically has a 95% clip of being correct within 1% variance.
I was given this information at a conference I attended for CFP's that was put on by my fathers employer. These people were also involved in lobbying and they predicted the Obama tax plan 6 months in advance (January of this year.. so I totally believe them yes.)
Lets add it to the list of "green shoots" hahahaha
[edit on 19-6-2009 by GreenBicMan]
Originally posted by Angelsoftheapocalypse
if the economy collapses and we are no longer able to get onto ATS...(due to internet collapse, or nwo control of resources, news, ect) maybe we should have a sign or something that would show we are friendly, and are of the same ideas.. or maybe a network to keep the word coming out. like the resistance to ignorance. something to where we can keep getting the truth out...
Originally posted by contemplator
Economy in collapse? Down the street from me there is a doggie day spa with Ferraris parked out front