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Slowing Economy May Be First Big Problem to Worry Bush.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, December, 2000 by Dodge, Robert
Dec. 14--WASHINGTON--When George W. Bush reports to work on Jan. 21, he is likely to find the economy is job No. 1.
As now, there will be plenty of reports pointing to a slowing economy.
Advisers will huddle to formulate recommendations. And daily news reports will flash warnings of lower corporate earnings, a softer labor market and analysts making odds on a recession.
"The new president will face a very soft economy," said Greg Valliere, managing director of Schwab Washington Research Group.
Sung Won Sohn, chief economist at Wells Fargo Bank in Minneapolis, added: "It will be a tougher situation. The best of times are certainly behind us."
Even as the Texas governor undertakes his shortened White House transition, he will...
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