Word: ratajczak
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...surprising 2.7% surge in the third-quarter gross domestic product, business and consumer spending is expected to continue to languish next year unless Clinton acts to stimulate growth through public works spending or other programs. "We're just not going to see a very vigorous economy," says Donald Ratajczak, director of economic forecasting at Georgia State University. "After the first quarter next year, if the world is still in recession, we're going to go back to very sluggish growth...
...populace. Nor has his economic program discussed possible reductions in Medicare and Social Security programs. During the campaign, moreover, he flatly rejected the idea of higher gasoline taxes, calling them "backbreaking." But now is precisely the time to talk of sacrifice. "He's got a honeymoon," says economist Ratajczak. "So he has to decide what nastiness he's going to serve up that the honeymoon will sugarcoat. And he has to serve up that nastiness early...
...called for a combination of "Bush's trade policy with elements of Clinton's domestic policy." Dan Lacey, publisher of Workplace Trends, saw little in either candidate's policy to stimulate job creation. Gail Fosler, chief economist for the Conference Board, described consumer attitudes as stubbornly skeptical. Donald Ratajczak, director of the economic-forecasting center at Georgia State University, warned about the danger of trying to fix the federal deficit too soon...
...large, members of the TIME panel endorsed Clinton's infrastructure plan. "We could start to repair roads and put a lot of people to work without any increase in wage costs because there are so many unemployed construction workers," said Donald Ratajczak, director of the economic forecasting center at Georgia State University. Fosler, however, said the plan would "dress the economy up rather than...
...panelists in TIME's economic forum warned that Perot's medicine would be the wrong tonic to give the economy now. "It would be an absolute disaster to have a Ross Perot program in 1993," said Donald Ratajczak, an economics professor at Georgia State. "We would probably go back into recession." Concurred Boston economist Allen Sinai: "Deficit reduction at this time, when the economy is so weak, is the wrong way to go." That's because the painful tax increases and spending cuts that Perot advocates would take money away from consumers and companies, thus deepening the country's already...