Investor's Business Daily - President Bush said the long-term outlook was bright despite current troubles. "Given the economy's strong basic structure, free mobility of labor, relatively low taxes, well-balanced capital markets and openness to trade, prospects for continued growth in the years ahead remain good," said a report by Bush's Council of Economic Advisers. The White House stuck to its forecast for 2.7% growth in '08, far above the 1.6% predicted by private-sector economists.
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