Former Federal Reserve Chairman Alan Greenspan uttered the word today that his policies created when he said during an interview with business-cable network CNBC that the US is “in the throes of a recession.”

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President Bush stepped up to the plate today and hit a homerun for the people and the economy proposing an economic stimulus package of $150 billion and urged Congress to pass it immediately.
Nevertheless the stock market went into the tank shortly after the announcement by 100 points, rebounded slightly, but still  ended down at the end [...]

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