President George Bush acknowledged an economic slowdown has begun but said his administration deserved credit for administering a "booster shot" in the form of a $152-billion economic stimulus program that should kick in by summer. "We believe that the steps we've taken, together with the actions taken by the Federal Reserve, will have a positive effect on our economy" Bush said. Until now, the White House has maintained the economy was not at risk of recession and still resists questions whether a contraction is under way. Full Article at Mail & Guardian Online