New York, NY – Bush Stimulus Economy Package Fails to Boost Stock Market

New York, NY – Stocks erased earlier gains from being 180 points after President Bush said a government plan to stimulate the economy should be about 1 percent of gross domestic product, or as much as $150 billion. It should include tax incentives for businesses and “direct and rapid income tax relief for the American people,” Bush said.

The Dow Jones Industrial Average lost 59 points, to close at 12,098