US President George W Bush has insisted the US is not in recession but says that he remains concerned about the economy’s performance.
In his State of the Union address, President George W Bush made reviving the US economy the centrepiece of his last year in office. But can he do enough to avoid blame for the slowdown?
The package, recently passed by Congress, includes rebate cheques of $600 for individuals, $1,200 for couples, plus $300 each for dependent children for all but the very richest US citizens.
“We expect they will use it to boost consumer spending and that will spur job creation as well,” he said.
Mr Bush had earlier said that “it’s clear our economy has slowed”.
He added: “Losing a job is painful and I know Americans are concerned about our economy.”
“I know this is a difficult time for our economy,” he said. “But we recognised the problem early and we provided the economy with a booster shot.”
When the economy is in trouble, it rarely bodes well for the party in power.



The Great Depression cost Republican President Herbert Hoover his job.

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