By JEANNINE AVERSA, AP Economics Writer
11 Feb 2008
WASHINGTON - ... Bush said that the stimulus plan is "going to help deal with the uncertainties." As for the broader economic assessment, he said that it indicates "our economy is structurally sound in the long term and that we're dealing with uncertainties in the short term."
W's assessment of the economy's long term prognosis is almost certainly correct... and also almost certainly irrelevant.
Here's something to consider from a fellow who actually knew a thing or two about economics:
Long run is a misleading guide to current affairs.
In the long run we are all dead.
[John Maynard Keynes (1883–1946), British economist. A Tract on Monetary Reform, ch. 3 (1923). Source: Bartleby.com]
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