Word: dooms
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...Bush obviously figures the best immunization against a spring contraction is to give plenty of reminders that it'll be a problem he inherited from Clinton. And a little gloom and doom is the best sales pitch in years for big across-the-board tax cuts, which haven't been popular since Ross Perot made fiscal responsibility cool again. So Bush has little reason for public optimism...
...Friedman has a journalistic alter ego, Atlantic Monthly correspondent and author Robert Kaplan, who saw only gathering gloom and doom as the harvest of the West's Cold War triumph. His influential 1994 essay "The Coming Anarchy" described a world in which the prosperity and stability of the industrialized world is subsumed by mounting anarchy as the collapse of nation states (and their replacement by a combination of transnational corporations and tribal militia), the scarcity of resources, and the globalization of disease and crime accelerate in the vacuum created by the Cold War's end. And where the political class...
...last year. Clinton and Gore, Rubin and Summers, are all leaving. Tech's impregnability is a fading memory. Consumer spending kept us going when the rest of the world was tumbling, and now wallets are closing across the country. President-elect George W. Bush finds that gloom and doom suits him when he's itching for a tax cut, and now the pressure's on Greenspan to get us back on track by spring. If this thing turns into a recession, and he's judged to have been prideful and ignored the warnings when the New Economy needed a little...
Will spiraling energy costs doom the longest economic boom in American history? With petroleum selling in the past few weeks for nearly $35, close to a 10-year high, talk of a possible oil shock--a threat unseen since the 1990 Gulf War--is suddenly gaining respectability. And prices could go higher still if dictator Saddam Hussein suddenly shuts off Iraq's flow of crude, which the victorious West has allowed to flow into Western markets since 1996. Or if the Organization of Petroleum Exporting Countries makes good on threats to rein in crude-oil supplies in 2001. The Clinton...
...expansive notion of having every vote count. If that's true, then there's a violation of Article II of the Constitution. At the end of the day, Tribe told members of his team that he was surprised by the prevalence of that line of questioning, which could spell doom for the Vice President. Another bad sign: Justice Sandra Day O'Connor, a Reagan appointee who often provides the swing vote in 5-4 cases, also scrutinized Tribe closely--and rescued a stammering Olson at one point with a softball query. Many court watchers saw her words as a sign...