Bush confident a recession will be averted

12/21/2007 | Washington Post, The

The Bush administration appears confident that efforts made to deal with the ongoing financial crisis will allow the U.S. to sidestep a recession, but many economists are urging the White House to do more, according to administration officials. "My view of the economy is that the fundamentals are strong, that we've had strong growth for a reason: that we're competitive, we got flexible workplace, that we kept taxes low, exports are up," Bush said, signaling that immediate actions are not necessary.

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