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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: paul_philp who wrote (61632)	12/13/2002 8:13:05 PM
From: stockman_scott	Respond to of 281500

Why new Bush team must fix pocketbooks Al Neuharth Op/Ed - USA TODAY Fri Dec 13, 7:34 AM ET President Bush (news - web sites) rode the war on terrorism and the threat of war with Iraq to victory in last month's congressional elections. Now, he's betting that the way to win his own re-election in 2004 is to fix the economy and fatten your pocketbooks. That's why he shook up his team this week with a new Treasury secretary, a new chief economic adviser and a new head of the Securities and Exchange Commission (news - web sites). It's arguable whether Bush is to blame or whether the seeds were sown during the Clinton administration, but there is no question that most of us are worse off economically than we were two years ago. Key measuring sticks: * Then, the stock market's Dow Jones industrial average was 10,977. Now, it's down to 8,538. * Then, unemployment was 4%. Now, it's up to 6%. That's nearly 3 million more people out of work. It's no surprise that Bush's political strategists now have turned to fixing the economy to try to ensure a second term. In nearly every peacetime election, pocketbook issues prevail. The real challenge, or gamble, for Bush is whether the 2004 presidential election will be held at a time of peace or war. If the public perception then is that the war against terrorism has not been won or is not clearly being won, Bush will suffer. That's especially true if Osama bin Laden (news - web sites) is still at large, because of the president's vow to get him ''dead or alive.'' Likewise, if the war against Iraq drags on or results in extremely heavy losses, or if Saddam Hussein (news - web sites) is not removed, Bush bears that cross. If he wins both wars and fattens your pocketbooks, Bush is a shoo-in for re-election. If he fails on either the economic or foreign front, he's vulnerable. If he should flop on both, any one of a half-dozen Democrats could beat him. news.yahoo.com

To: paul_philp who wrote (61632)	12/13/2002 11:24:44 PM
From: paul_philp	Respond to of 281500

I was reminded by pm that I didn't include a link to the Gilder article. spectator.org Paul

To: paul_philp who wrote (61632)	12/14/2002 11:24:06 AM
From: Rascal	Read Replies (1) \| Respond to of 281500

THE COMING CAPITALIST REVERSAL BY GEORGE GILDER Yeah, listen to George Gilder. He's got a great track record! Rascal@burnedonce.com