PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: jackhach who wrote (399299)	4/26/2003 5:52:17 AM
From: Raymond Duray	of 769670

It’s Still the Economy, Stupid "W and the boys don't have any idea what they're doing with regard to the economy?" "Cutting taxes for rich folks isn't going to sit well with Americans in six months if jobless claims remain high." nypress.com by Tom Spencer Hmmm. 455,000 jobless claims were filed last week. When will people wake up and realize that W and the boys don't have any idea what they're doing with regard to the economy? No matter how many times the administration haughtily and testily claims that they've inoculated themselves against the charge of "doing nothing" for the economy like W's father, it's simply not true. The administration still hasn't done much in economic policy that has had any sort of impact on the average American's lives. Cutting taxes for rich folks isn't going to sit well with Americans in six months if jobless claims remain high. In fact, the current Bush administration's top-down economic policies may actually be worse than Bush I's hands-off approach in 1991-1992. It may appear to the average Joe who is suffering during the flaccid economy that W could care less about him—but is more than willing to help out his rich buddies who aren't hurting from the economic malaise at all. Unfortunately for the administration, time is about up for W and the economy. If it doesn't begin recovering soon, there's no way there will be significant job growth in time for the 2004 election—and then W will really be in a world of hurt. This is made all the more interesting by the fact that W and the boys are consciously trying to pattern their 2004 campaign after Ronald Reagan's 1984 campaign. This is pretty perilous. Sometimes people forget that if the economy hadn't suddenly recovered in 1984, Reagan probably wouldn't have been re-elected to a second term. I would argue that even with the best demagoguery and scare tactics W and Karl Rove can muster, it will probably require a similar turnaround for this administration to get a second term. And so far, early indications are not good.

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