Word: paines
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...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 attempts at empathy were feeble and sometimes laughable. In a famous photo...
Bush has some facts on his side. Despite all the pain people may see and feel, and their anxiety about the future, the U.S. economy is not even in a recession--which is defined as two consecutive quarters of negative growth. (The second quarter, the worst in eight years, registered 0.2% growth.) And the economic downturn is something that started before Bush took office, a fact that the President and his surrogates not surprisingly point out at every turn. "For the last 12 months," Bush told a Teamsters rally in Detroit on Labor Day, "let me repeat--for the last...
...heavily indebted banks. He has appointed a free-wheeling Cabinet that is younger, more female and includes more outsiders than any seen before. Most stunning of all, Koizumi has made a promise that he will have no trouble keeping: there's going to be a lot more economic pain before things get better. Such straight talk is endearing. "I wish he could be my father," coos Yoshie Hishinima, 30. "My own is nowhere near as cool...
...flaws and embarrassments. When she snaps at readers to wrench their heads out of their navels, it's because she knows how self-absorbed she can be. Asked what shocks her most in her letters, she lists "the things that people do to each other, the amount of pain that people can tolerate, the amount of kindness they can show...
...domestic consumption is so weak that prices are falling and banks are sitting on mountains of bad debt Koizumi's plan: The central bank is in effect printing more money to try to stimulate the economy. Koizumi wants to force bad businesses to fail, meaning more short-term pain Outlook: POOR. His reform agenda is in peril because of the economic slide