Thursday, May 01, 2003

Can You Hear Me Now?
Watching the White House ignore the views of the vast majority of economists and charge ahead with its tax cut plan is almost comical. It reminds me a bit of the Verizon commercial where the economists are the Verizon guy and Bush is on the other end of the line, except he can never hear.
Alan Greenspan, Fed Chair, became the latest in a line of experts questioning the tax cuts yesterday, largely because of the size of the deficit. Greenspan said that, "we already have a significant amount of stimulus in place." He also noted that the economy was positioned to grow this year.
How long can the White House go on ignoring mainstream economists and its own Fed Chairman?

(NYT story)


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