Dr. Dean on the Record
Says the former Vermont governer and Dem '04 hopeful: George Bush "is a President who doesn't have a clue"
On July 28, Vermont governor and contender for the Democratic Presidential nomination Howard Dean took time out from a campaign stop in Pittsburgh to talk by phone with BusinessWeek's William C. Symonds. Edited excerpts of their conversation follow. Note, this is an extended, online-only version of Dean's comments that appear in the August 11, 2003 issue of BusinessWeek.
Q: George Bush argues that the U.S. is primed for a strong economic recovery. How do you see it?
A: I think that is complete nonsense. My favorite economist on Wall Street is Stephen Roach. He believes that the combination of these enormous deficits, incredibly low and potentially negative savings rates, and the enormous trade imbalance that we have is likely to result in significant economic calamity. So while there may be some short-term improvement, I think this President has put the entire economic future of America in enormous jeopardy with his supply-side nonsense.
Q: What would you do to get the economy moving again?
A: First, we need to do what Clinton did in 1993: We need to make a genuine effort to start to balance the budget to restore investor confidence. The second thing I would do is to support the small-business community. They create more jobs than large businesses do, and they don't move their jobs offshore. And if American taxpayers are going to invest in businesses with tax breaks, we ought to invest in businesses that stay here.
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http://www.businessweek.com/magazine/content/03_32/b3845085.htm