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Politics : John EDWARDS for President
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To: Lizzie Tudor who wrote (394)2/21/2004 3:06:34 PM
From: Lizzie Tudor  Read Replies (1) of 1381
 
New Mexico (albuqueque):

Mixed signals embarrassing Bush

"I think there's a combination of a little bit of tone deafness on the part of some of the economic appointees, coupled with a little economic deafness on the part of others in the administration," said David Wyss, chief economist for Standard and Poor's in New York.

Bush fired his first treasury secretary, Paul O'Neill, in December 2002 after O'Neill questioned the need for a fresh round of tax cuts.

Lawrence Lindsey was forced out at the same time as director of the president's National Economic Council after suggesting that a war with Iraq could cost $100 billion to $200 billion - which turned out to be close to the mark.

Bush is trying to show that the economy is rebounding and that dramatic job gains are on the way. Yet there have been no clear signs of strong job production, and Bush's economic performance is under daily attack by Democratic presidential candidates John Kerry of Massachusetts and John Edwards of North Carolina, both senators.

Gene Sperling, a top economic adviser in the Clinton White House, said comments such as Mankiw's on outsourcing "struck a chord of vulnerability and sensitivity about the overall record and attitude of President Bush's economic polices."

"When somebody tells you the market will work it out sooner or later, the one thing you know is that they're talking about somebody else's job," Sperling said.

abqtrib.com
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