Going for Broke
The word is "recession," whether or not Bush will say the word, and we're in it.
George W. Bush's press conference the other day on the economy was really a hoot — his presence never promised us a Rose Garden performance that wouldn't be.
But for a change, this performance on April 29 was more notable for what Bush didn't — and wouldn't — say.
Here's one of the exchanges with a nameless reporter:
Bush managed to call the recession a "slow economy" and "difficult times," a "sour time," "tough for the American people."
The U.S. press is having the same problem coming to terms with the term. For years now, a civil war has been raging in Iraq and most of the U.S. press refused to call it that. Now we're in a recession, and the papers won't call it that. What are they waiting for? Walter Cronkite's pronouncement?
Overseas, there's no such namby-pambiness. AS an April 30 story in the Scotsman said:
Peter MacMahon's piece went on to quote the guy, economist David Blanchflower, as saying:
You'd better hope it just a cold.
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