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...perception game, and Bush's plan is all about creating politically helpful perceptions. First, it is imperative that Americans perceive that he is addressing their fears about the economy. For this, the details of Bush's plan are far less important than the fact that it is big and bold and is seen as such by observers and commentators. Second, if the stock market rises for the next two years, Bush is counting on the public to perceive the economy as on track, even if growth rates stay pretty much where they have been for the past year...
...with a nice middle-of-the-road economic stimulus package. Some rebate checks here, some targeted tax breaks there; by fall 2004, the economy will probably have healed itself anyway. But the President took the plunge this week, offering a $670 billion tax-cut package that drew adjectives like "bold," "aggressive" and yes, "foolhardy." Leave it to posterity - or the economy in 2008 - to judge which, but there's no question that the splash has set the tone for the domestic economic-political debate for the next few months, and that's good enough to make the president our Person...
...Optimistic Republicans love to call it "the political power of a big idea": Do it big, bold, and above all now, and voters will be so taken with the spectacle of their government actually doing something both dramatic and coherent that they'll simply shrug at the fiscal implications and hope for the best down the road. And if $670 billion is maybe a little pricey for the Senate (that dividend cut is already looking like a sacrificial lamb), and the plan lands on the President's desk somewhat smaller than when it left it, at least Bush will...
...first as a man of war--in 1943, when he was Chief of Staff of the Army--Marshall was chosen again as a man of peace: the Secretary of State who conceived the Marshall Plan, which promised to underwrite the economic recovery of postwar Europe's democracies. Through his bold scheme, said TIME, "the U.S. people, not quite realizing the full import of their act ... took upon their shoulders the leadership of the world...
...want to keep the spirit of engagement open, but that is clearly a significant and unprecedented, bold suggestion of a scale that would be very difficult for Harvard to agree to,” she said. “The idea behind it is certainly worth considering and discussing...