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Bush Vows Quick Boost for Economy

Posted Jan 22, 08 6:47 PM CST in Politics 

(Newser) – President Bush pushed his fiscal stimulus plan with lawmakers today and vowed the bipartisan group will find "common ground," the Washington Post reports. The economic boost—which he set at $150 billion—will not kick in overnight, he warned, but said congressional leaders must reach an accord in 3 weeks. That means checks would reach taxpayers and businesses in 5 or 6 months, analysts say.

Bush stayed mum on today's market fluctuations, but said he had "a very positive feeling" and a "confidence in the long-term strength" of the US economy—despite "some uncertainty that we're going to have to deal with." Bush remained open to negotiating the size of his proposed stimulus package, but said had one "red line": no new taxes.
Source: Washington Post

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President Bush, third from right,, leans in to listen to Senate Majority Leader Harry Reid of Nev. during his meeting with Congressional leaders to discuss the economy, Tuesday, Jan. 22, 2008, in the...   (Associated Press)
President Bush, center, flanked by House Speaker Nancy Pelosi of Calif., left, and Senate Majority Leader Harry Reid of Nev., meets with Congressional leaders to discuss the economy, Tuesday, Jan. 22,...   (Associated Press)
A TSX market sign indicates the final close, down nearly 605 points, in Toronto on Monday Jan. 21, 2008. Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor...   (Associated Press)
President Bush with Treasury Secretary Henry Paulson addresses the media in the Roosevelt Room of the White House in Washington, Tuesday, Jan. 22, 2008. President Bush has formed an Advisory Council on...   (Associated Press)
House Speaker Nancy Pelosi, right, and House Majority Leader Steny Hoyer, left, speak to reporters at the White House, Tuesday, Jan. 22, 2008, in Washington, after meeting with President Bush about the...   (Associated Press)
President Bush, center, with Treasury Secretary Henry Paulson, left, and Charles Schwab, right, addresses the media in the Roosevelt Room of the White House in Washington, Tuesday, Jan. 22, 2008. President...   (Associated Press)
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George W. Bush • Congress • recession • US economy • subprime mortgages • bipartisanship • economic stimulus package


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