Word: upturns
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...hero to goat (and hopefully back to hero) -- the roller-coaster common to the modern presidency -- this assessment from a 1983 New York Times editorial has become a totem among senior Administration officials. "Reagan was a goner, right?" says a Clinton adviser. "But then the business cycle took an upturn, and he won big a year later. Reagan's ups and downs remind us to take the long view. Bill Clinton won't be dead until he's laid out with his sax." It's simple, the President himself explained privately to a group of aides at Camp David...
Sight unseen, his plan stirs hope and speeds the upturn...
CREDIT: [TMFONT 1 d #666666 d {Source: U.S. Dept. of Commerce}]CAPTION: A SOLID UPTURN...
Secretary of Commerce Barbara Franklin called the figures "a good present for us to leave to the new Administration." And there really were indications that the economic upturn George Bush had so often promised had finally begun -- just in time for Bill Clinton to reap the political benefit. Gross domestic product leaped up at an annual rate of 3.9% in the third quarter, returning total output of goods and services to the pre-recession pace of mid-1990. Strong increases were registered by consumer spending, business investment, orders for durable goods, sales of existing houses and consumer confidence, while...
Ministers accept that the recovery will be slower than they had hoped and maintain that Britain's economic problems are part of a global recession. While John Major's new year message is expected to be cautiously optimistic, senior colleagues want to avoid giving the impression that the upturn [will be dramatic]. Philip Webster The Times of London, December...