Bush's Economic Present for Clinton

Signs of strength raise second thoughts about stimulus

Secretary of Commerce Barbara Franklin called the figures "a good present for us to leave to the new Administration." And there really were indications that the economic upturn George Bush had so often promised had finally begun -- just in time for Bill Clinton to reap the political benefit. Gross domestic product leaped up at an annual rate of 3.9% in the third quarter, returning total output of goods and services to the pre-recession pace of mid-1990. Strong increases were registered by consumer spending, business investment, orders for durable goods, sales of existing houses and consumer confidence, while new claims for...

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