>[you think they'd avoid these Hooverian echoes...]
>
>July 15, 11:40 am Eastern Time
>
>Reuters Company News
>Bush says U.S. economy fundamentally strong
>
>BIRMINGHAM, Ala., July 15 (Reuters) - U.S. President George W. Bush
>said on Monday the United States was suffering a "hangover" from an
>economic binge, but that the country's economy was fundamentally
>strong.
>ADVERTISEMENT
>
>"In order for us to have the security we all want, America must get
>rid of the hangover that we now have as a result of the binge, the
>economic binge, we just went through," Bush said.
>
>"But I want you to know that our economy is fundamentally strong,
>this economy has got the foundations for growth," he said, citing
>low inflation and interest rates, sound monetary policy and rising
>productivity.
>
>"This economy is coming back, that's the fact," he said.
>
>Bush's remarks came as U.S. stock markets continued a protracted
>drop that has brought share prices to levels last seen five years
>ago. Last week, Bush outlined a number of proposals in response to
>the corporate accounting scandals that have shaken the markets, but
>that speech failed to stem the decline.
-- Marta Russell Los Angeles, CA http://www.disweb.org