Here is another wonderful Bush quote:

President George W Bush said that the annual report indicated "that our economy 
is structurally sound for the long term and that we're dealing with 
uncertainties in the short term".

The US economy will grow in 2008 at a similar pace to last year, the White 
House has said, shrugging off concerns that it is facing a recession.

US economy 'will avoid recession' 
http://news.bbc.co.uk/2/hi/business/7239893.stm 

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