US President George Bush who has till last month i.e, till US elections were on, was saying that the US economy is not in recession and it will bounce back quickly, has no more election pressure. He is certain to get out of power in the next few weeks, and hence has decided to act as per reality for a change.
He and his team members, especially Treasury Secretary Paulson have now gone back on their bail out plan and have made key changes in usage of the balance funds in this plan, and have also now indicated that the US economy will take much longer time to recover back to growth pace. This is in stark contrast to the stand they were taking just few weeks back, till the US election results were on.
Elections do bring out the true color of people.