George H.W. Bush: “I think it's pretty good. I think many of the market experts were saying it would be 25 basis points. I don't know. I…”

“I think it's pretty good. I think many of the market experts were saying it would be 25 basis points. I don't know. I mean, I am not an economist or a money supply expert. But all I know is, I think most people feel, and I certainly agree with this, that this would be stimulative and would be very well-received not just in the financial markets but by business, and particularly small business, that'll have a better shot now at creating something. But it would be much better if we could pass these incentives that we have: the investment tax allowance, the first-time credit for homebuyers, $5000 we've proposed. I still feel that a capital gains reduction, a broad one, would create new businesses, new small businesses. We had some suggestions up here that Bill Archer and others have been very supportive of, and they have some of their own, on IRA's. So we need something that targets economic growth. My answer to the unemployment figures is: Please, now, Congress, do what you should have done some time ago in terms of stimulating the economy. It's growing, but I want to see the growth more robust. The unemployment, there are too many people out of work. The way to get them back to work is to stimulate so that you'll have creation of new jobs. The interest rates, again, will help in this regard because I think it'll encourage existing businesses to more briskly go forward. But the reviews are mixed, the economy is still growing, and this figure, as I say, normally I think most experts would say a lagging indicator. But I've always said unemployment for one person, that's 100 percent, and that's too much. So we've got to keep moving until we get it back the way I'd like to see it in terms of economic growth. I really do; I've got to go to work.”