Reply #100: Snow, White House tout U.S. economic good times (LOL!)

[UpInArms]

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-01-20T171255Z_01_N20337871_RTRIDST_0_ECONOMY-SNOW.XML

WASHINGTON, Jan 20 (Reuters) - Top Bush administration officials on Friday sought to hammer home the message that the country is enjoying good times during a day-long round of radio interviews touting the economy's steady growth.

"By virtue of every index of economic performance, we're going the right way," Treasury Secretary John Snow told a Vermont talk radio show in one of a series of interviews he and about 20 other officials held in Treasury's ornate Cash Room.

After citing increases in job creation, stronger business investment and growth in gross domestic production, or national output, Snow added: "All of this is coming against a background of inflation being well in check. ... We don't see inflation becoming a problem."

The U.S. Treasury chief, joined by political and economic officials from other departments and the White House, including the director of the National Economic Council, Al Hubbard, hop-scotched among broadcasters from across the country invited to Treasury for the 12-hour event.

Reporters invited to watch some of the interviews heard familiar commentary about positive U.S. economic indicators -- though it came against a backdrop of growing worry over rising global oil prices and political tensions that drove U.S. stock prices down.

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