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Politics : PRESIDENT GEORGE W. BUSH
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To: MKTBUZZ who started this subject3/13/2003 12:35:03 PM
From: Kenneth E. Phillipps  Read Replies (1) of 769670
 
Economy bears the stamp of George W. Bush. He gets blame for making a weak economy worse.

"This brings me back to the part of the downturn inflicted by the Bush administration. Bush may not be able to do much about a stock bubble that burst before he took office. But his policy of endless tax breaks for the wealthy and permanent large deficits does needless damage.

So does his policy of ignoring the fiscal plight of the states, forcing them to cut services or raise taxes in a soft economy. And so does his unilateral war on Iraq, which will saddle Americans with unilateral costs. And so does his gutting of federal regulation, which adds to the chaos in industry after industry and reduces investor confidence.

If the war goes badly and leads to more severe global instability, it will be hard to place the blame. For the world really is a more dangerous place than it was in 2000. And the administration can always take the ensuing chaos as proof of the need for American swagger (rather than the predictable result of the swagger). But the economy is another story. This economy, like the Iraq mess, now bears the stamp of George W. Bush. And it will be far harder for him to evade political responsibility for making a bad economy worse."

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