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Thursday, December 16, 2004
President Bush flip flops on the economy
President Bush seemed to be a bit confused about his feelings on the economy over the course of his two-day economic summit (campaign infomercial). The Washington Post's Jonathan Weisman reports on this:
Throughout a two-day conference on the economy, President Bush and his allies extolled the virtues of his tax cuts and "pro-growth" policies, which they said have lifted the nation from recession and propelled it well above its international economic competitors. If Washington adheres to the path of fiscal restraint while following the president's tax prescriptions, it was suggested, policymakers could secure powerful economic growth far into the future.With articles like this exposing Bush's flip-flops (gee, that's a term we haven't heard in a while), no wonder the President doesn't read the newspaper. Luckily for Bush, Zell Miller will be joining the ranks of Fox News (go figure), so at least he'll be able to get some real fair and balanced news, unlike in the Post...
Yet when the subject turned to the nation's legal or Social Security systems, the picture grew suddenly dark. Frivolous lawsuits have hobbled America's businesses and have put them at the mercy of their enlightened overseas competition, administration officials said. As for federal entitlements, a rising tide of retiring baby boomers will inevitably slow economic growth and bankrupt Social Security.
"The crisis is now," Bush warned in his closing speech.
Such contradictions emerged repeatedly, pointing up the delicate balancing act that Bush faces as he tries to sell his economic proposals.
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