Word: downturn
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...alter the course of a sprawling national economy. Having already deployed his most powerful weapon, tax cuts, and shackled himself to a promise not to spend Social Security surplus money, he is left to temper the worry during the wait. But the longer it lasts, the more the downturn is foreshortening Bush's plans and expectations, endangering everything he wants to get done in office. The downturn has taken chunks out of the magical budget surplus, threatening the President's plans to reform education and rebuild the military. Suddenly there's talk of a second Bush recession...
...Bush was flanked by Vice President Dick Cheney and G.O.P. congressional leaders, the far bigger presence on the South Lawn Friday was the memory of his father, whose perceived lack of concern for average people during the last recession cost him a second term. Faced with the 1990-91 downturn, "41," as his son calls him, wasn't much for feeling people's pain or offering them relief. Washington should stand back and "let the economy right itself," the former President used to say, and it eventually did--just in time for him to lose. The elder Bush's belated...
...however, this has happened before—most recently during the last recession in the early 1990’s. The number of applications to this year’s class pales in comparison to the surge in applications in the early 1990’s, when the economic downturn was more severe than it is now, according to Curll...
...professor Jonathan Zittrain sees no problem with the economic downturn opening the floodgates at the admissions office...
...privately at the beginning of the year that it was probably too high. But a promise is a promise, so the GOP pushed a $1.4 trillion cut in Congress, and eventually compromised with the Democrats at $1.27 trillion. Even that number is probably too much, what with the economic downturn shrinking projected surpluses during the decade...