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Economists question White House summit's assessment
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| Contributor | Servo |
| Last Edited | Servo Dec 16, 2004 06:47pm |
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| Category | News |
| Media | Newspaper - Seattle Times |
| News Date | Thursday, December 16, 2004 06:00:00 AM UTC0:0 |
| Description | Economists assembled by the White House for a high-profile summit yesterday maintained forcefully that the U.S. economy is robust and growing. But many experts outside the Bush administration's circle of advisers and allies insist the president is overlooking warning signs that could affect the economy's long-term health.
President Bush called the two-day White House Conference on the Economy to promote his second-term agenda: Simplifying the tax code, limiting the cost of lawsuits and meeting long-term costs of Social Security.
But some outside economists worry that the summit is glossing over more ominous challenges, including a record federal-budget deficit, a record trade imbalance with other nations and the declining value of the dollar abroad.
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