Saturday, August 16, 2003

Bad news for Bush from the National Association for Business Economics. When your own class intellectuals start having serious doubts about your competence to manage the environment for generating profits, you know it's time to worry.
The soaring U.S. budget deficit worries economists for some of the nation's top business firms more than any other single issue, the National Association for Business Economics said on Friday.

"The increasing federal deficit is the top risk NABE panelists see facing the U.S. economy, although the threat is more a long-term than short-term concern," said association President Tim O'Neill, who also is the chief economist for BMO Financial group.

Rising unemployment also was cited as a concern for the economic future while worry about homeland security and war was fading.

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