Newsweek Cover: Like Father, Like Son? -- Bush is Determined 'To Avoid the Mistakes of His Father,' Says Key White House Aid; 'I Doubt 41 Sat Glued the Way We Do to Cable TV. This President Always Asks, 'How's it Playing?'' Former Treasury Secretary Rubin Calls for 'Adjustment' to Last Year's Tax Cuts, Says $1.5 Trillion Tax Cut, Not Corporate Scandals, Are Greatest Threat To Economy
NEW YORK, Jul 21, 2002 /PRNewswire via COMTEX/ -- President Bush has long claimed to be uninterested in polls, but he is hardly indifferent to the legacy of his father, reports a cover story in next week's Newsweek. He's determined "to avoid the mistakes of the father -- the way he campaigned, the way he governs, in his personality," says one key White House aide. "He [41] didn't understand what was going on. This guy [43] gets it. I doubt 41 [during his presidency] sat glued the way we do to cable TV. This president always asks, 'How's it playing?'"
Newsweek Cover: Like Father, Like Son? -- Bush is Determined 'To Avoid the Mistakes of His Father,' Says Key White House Aid; 'I Doubt 41 Sat Glued the Way We Do to Cable TV. This President Always Asks, 'How's it Playing?'' Former Treasury Secretary Rubin Calls for 'Adjustment' to Last Year's Tax Cuts, Says $1.5 Trillion Tax Cut, Not Corporate Scandals, Are Greatest Threat To Economy
Story Filed: Sunday, July 21, 2002 10:57 AM EST
NEW YORK, Jul 21, 2002 /PRNewswire via COMTEX/ -- President Bush has long claimed to be uninterested in polls, but he is hardly indifferent to the legacy of his father, reports a cover story in next week's Newsweek. He's determined "to avoid the mistakes of the father -- the way he campaigned, the way he governs, in his personality," says one key White House aide. "He [41] didn't understand what was going on. This guy [43] gets it. I doubt 41 [during his presidency] sat glued the way we do to cable TV. This president always asks, 'How's it playing?'"
(Photo: newscom.com )
While the president's overall job approval is still a robust 65 percent in the latest Newsweek poll, write Senior Editor Jonathan Alter and Chief Political Correspondent Howard Fineman, Karl Rove & Co. are intently examining the stats they know matter most, especially to a Bush: job performance on the economy.
The Newsweek Poll reports 46 percent now approve of how Bush is handling the corporate scandals, down five points in a week, while 39 percent disapprove, up seven points in the same period. While poll respondents place much more blame on corporate executives than on politicians, a solid majority believe Bush's proposed reforms do not go far enough.
Meanwhile, Robert Rubin, Clinton's former Treasury secretary and Wall Street oracle tells Newsweek that the 10-year, $1.5 trillion tax cuts is a much bigger threat to the economy than recent corporate scandals. Calling an "adjustment" to the cuts essential, Rubin suggests a kind of domestic "loya jirga" on the economy. "Get everyone together and put everything on the table," he says. "We don't have to 'raise' taxes, we just have to postpone or cancel what would otherwise happen in the later years. The fact is, deficits are once again the biggest threat to the economy."
Newsweek's "Like Father, Like Son?" cover package (on newsstands Monday, July 22) also includes an essay by Contributing Editor Robert Samuelson, on the declining stock market. "What we have to fear now is (to borrow from Franklin Roosevelt) fear itself," writes Samuelson. "The danger is yesterday's widespread and foolish optimism becomes tomorrow's widespread and foolish pessimism."
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