More spin on the Bush dumpy economy. To be honest, it's Greenspan's job to pep-talk it up in the media for every president he's worked for and he is obviously a brilliant man and I have no problem with him trying to keep spirits up (the market works a great deal upon perceptions). But let's face it folks. Bush's policies are doing nothing to help this economy while his wildly irrational partisan tax cuts (ad naseum) for the GOP elite are only adding to its trouble for decades to come.

Lackluster Rebound as Greenspan Testifies

By Caren Bohan

WASHINGTON (Reuters) - The scenario that Alan Greenspan hoped for has not yet panned out: three months after the fall of Baghdad, the U.S. economy is muddling along but has not snapped back sharply from its war-related doldrums.

When the Federal Reserve chairman travels to Capitol Hill for closely watched testimony this week, it would be impossible for him to gloss over some dismal news lately. The factory sector is listless, the number of Americans receiving unemployment checks is at a 20-year high and the jobless rate has surged to a 9-year peak of 6.4 percent...




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