Q Mr. President, back to the economy for a moment. The Fed took its half-point rate cut the other day. Do you think that was enough to stave off recession? And if not, are there other steps you're prepared to do financially?
THE PRESIDENT: Roger, I do not comment on the decisions made by the Fed.
February 22, 2001:
Q -- your tax and budget package, how can you be sure that, as you put it, there will be money left over? All it would take would be a less than one percentage point drop in productivity for that out-year surplus to dwindle, or maybe even vanish. And also, nobody, including Alan Greenspan, thinks that it would provide much of a current stimulus.THE PRESIDENT: First of all, I think given the choice between increasing the baselines of the budget, to the extent to which it had been increased the past, and passing money back to the people, I think Mr. Greenspan -- not to put words in his mouth -- but it seems like -- why I don't just put some words in his mouth -- (laughter) -- it seems like what he said in his testimony is he would rather see tax relief rather than increasing the size of the budgets beyond the needs of the country.
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