RELEASE: Bush Administration finally acknowledges the obvious: Parts of country are in an economic recession (CD07)

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OFFICE OF CONGRESSMAN ANDRÉ CARSON
2455 RAYBURN HOUSE OFFICE BUILDING
WASHINGTON, D.C. 20515
 
BUSH ADMINISTRATION FINALLY ACKNOWLEDGES THE OBVIOUS: PARTS OF COUNTRY ARE IN AN ECONOMIC RECESSION
 
October 20, 2008
FOR IMMEDIATE RELEASE
 
Contact: Micah Ragland - 202.225.4011 or 202.841.4065
 
WASHINGTON D.C. - Congressman André Carson released the following statement today after Edward Lazear, Chairman of President Bush's White House Council of Economic Advisers, acknowledged that parts of the U.S. are experiencing an economic recession:
 
"Yesterday, a senior Bush Administration official finally acknowledged that certain sections of our country are suffering through a recession.  However, despite the Bush Administration's tardy admission of the obvious, President Bush continues to voice his strong opposition to an economic stimulus package that will help working Americans.
 
"When Wall Street needed help, the President hastily demanded that Congress act swiftly in providing that industry relief.  Unfortunately, he has lacked the same fortitude and initiative when it comes to helping working families who are struggling to navigate through these tough economic times.
 
"With our economy receding and our housing market plummeting, now is the time for the Bush Administration to work with Congressional Democrats in supporting an economic stimulus package that will create jobs, provide tax relief to middle-income Americans, and invest in our aging transportation infrastructure."
 
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