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Sunday, February 09, 2003

Remember Last Year?. Paul Krugman reminds us of the things George W. Bush said in his last State of the Union Address that turned out not to be so: ...the axis of evil... a phrase... that has vanished from Mr. Bush's vocabulary... ...the name of that guy he promised to bring in dead or alive... ...he assured those who worried about red ink that "our budget will run a deficit that will be small and short-lived"... ..."my economic security plan can be summed up in one word: jobs"... ...can Mr. Bush convince us that his latest tax cut is just the tonic the economy needs? There are several reasons to doubt whether he can pull it off. For one thing, economists outside the administration, even those who always find ways to praise whatever he proposes, can't see what this tax cut has to do with the economy's immediate problems. This has led to a striking dissonance... But Krugman's best line is: We can be sure that some pundits will acclaim the speech as bold and brilliant; they would do that if he read from "The Very Hungry Caterpillar." [Semi-Daily Journal] 10:30:12 PM  Permalink  comment []

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