Recession, succession and ruling class unity

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Although maybe if they fed the economic data through a Florida voting
machine . . .

   Senior Clinton administration officials angrily charged that top
   members of President-elect George W. Bush's team were ''talking down''
   the economy in a campaign for tax cuts that could backfire by
   spreading self-fulfilling fears of a sharp slump.

   ``What you're seeing is President-elect Bush and his team actually
   talking down our economy, actually probably injecting more fear and
   anxiety into the economy than is justified,'' said Gene Sperling, a
   White House economic adviser.

   REALISM, OR SCARE-MONGERING?

   But Vice President-elect Dick Cheney said later the incoming Bush
   administration, which will take power in January, had to be realistic.
   Bush campaigned on a program of offering a $1.3-trillion tax cut to
   fuel U.S. prosperity.

   ``There does seem to be a lot of evidence out there that in fact the
   economy has slowed down some,'' Cheney said in a meeting with
   reporters. ``Whether or not this ultimately results in a recession,
   that is negative real growth, nobody knows at this time.''


Tom Walker
Sandwichman and Deconsultant
Bowen Island
(604) 947-2213