It's Thursday, February 08, 2001. I'm David Brancaccio. Many are beginning to actually feel what it means to be in an economic slowdown.
Consumer confidence is in a slump, many business leaders are worried.
A warning light is flashing on the dashboard of our economy. And we just can't drive on and hope for the best. The President, and other tax cut supporters say the extra cash in people's pockets will restore consumer confidence and generate spending that will jumpstart a flagging economy. But Marketplace's John Dimsdale reports there is no consensus on what really WILL happen when taxes are cut. Since it's a virtual certainty some sort of tax cut will be passed this year, lobbyists are lining up to get a piece of it.