It's the Dollar, Stupid (and Taxes, Too)

摘要

Uh-oh. Washington wanits a stimulus package to rejuve-nate our slowing economy. Usually such programs are full of nice-sounding but wasteful spending initiatives, as well as tax breaks that have a weak, one-shot impact on the economy. President Bush should therefore offer a deal: strong, pro-growth measures as the price for signing off on the usual unproductive stuff. But the White House has panicked and will so for things that won't solve the problems plaguing us. The President should recover his nerve and verve. Otherwise, he will blast away a positive economic legacy.