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July 9, 2008 7:38:02 AM CDT

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Bush Sees Rebate Checks Offsetting 'Slowdown'

Posted Apr 25, 08 5:11 PM CDT in Politics,  US    Most Covered

(Newser) – Again steering clear of the R-word, President Bush said today that the tax rebates scheduled to be distributed starting next week will "give our economy a boost to help us pull out of this economic slowdown," Bloomberg reports.

"It's obvious our economy is in a slowdown," Bush said before leaving the White House to spend the day in Connecticut. "This money is going to help Americans offset the high prices we're seeing at the gas pump and at the grocery store."

Sources Bloomberg, CNNMoney

President Bush waves from Air Force One at Andrews Air Force Base in Maryland, Friday, April 25, 2008, upon his return from a day trip to Connecticut.   (AP Photo/Jose Luis Magana)
Nancy Pelosi stands next to a large check on Capitol Hill in Washington, Friday, April 25, 2008, during an event marking the start of the delivery of the economic stimulus checks.   (AP Photo/Susan Walsh)
Graphic shows what's in and what's out in the stimulus package.   (AP Photo)
President Bush makes a statement about the economy, Friday, April 25, 2008, on the South Lawn of the White House in Washington.   (AP Photo/Charles Dharapak)
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George W. Bush  • US economy  • taxes  • IRS  • economic stimulus package  • weakening economy  • Department of the Treasury  • check


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