COMMENTS ON ECONOMIC REPORT OF THE PRESIDENT 1992 Chen Baosen（7） U.S. economy is faced with serious challenges at present. Economic Report of the President 1992 puts forward countermeasures to meet the challenges and to carry out economic readjustments. It reflects the features of pragmatism and steadiness in the economic policy of the Bush Administration. The accomplishment of the readjustments, however, will rely upon concerted actions based on bipartisanship.