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Bush pressures Senate for US economic stimulus deal and calls jobs report "troubling"
Published in Saudi Press Agency on 01 - 02 - 2008


President George W. Bush
prodded Congress to pass an economic stimulus package
Friday, pointing to a new «troubling» job report that
ended a 52-month streak of national job growth, according to The Associated Press.
Bush was in the country's heartland pressuring Congress to
boost the sagging economy with a plan of tax rebates for
millions of people and tax breaks for companies. The White
House-backed economic rescue deal in the House of
Representatives has hit roadblocks in the Senate.
«Inflation's low. Productivity's high, but there are
certainly some troubling signs, serious signs that the
economy is weakening and that we've got to do something
about it,» said Bush, who spoke just hours after the Labor
Department reported that employers cut 17,000 jobs in
January.
It was the first such reduction in more than four years
and a fresh sign that the economy might be stalling. And it
ended Bush's repeated claim that «America has added jobs
for a record 52 straight months.»
«A serious matter is that for the first time in 52 months
we didn't create jobs,» Bush said at Hallmark Cards Inc.
«And so the question is, what do we do about it? ... I do
think government has a responsibility. I think government
can take decisive action to help us deal with this period
of uncertainty.»
«I believe we can get this package done. I know it has to
be done quickly,» he said. «I appreciate the fact that
the Senate is trying to work though this as quickly as
possible. I'm just urging them to get it done _ because the
sooner this package makes it to my desk ... the better off
our economy is going to be.»
The top Democrat in the Senate, Harry Reid, said the
troubling jobs report «is yet more evidence that President
Bush's assessment of the state of our economy is greatly
misguided.»


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