Word: economisters
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...unique opportunity to pump up North Korea's economy. Despite years of animosity, it is probably in the South's interest to facilitate the North's economic growth. "If North Korea collapses and forces premature unification, both sides would be completely ruined," says Dong Yong Seung, an economist who concentrates on North Korean issues for Samsung's Economic Research Institute. "Seoul can't support both economies...
...Democrats came after him a little harder this time, now that the tax cut is in their laps instead of on the horizon, but Alan Greenspan didn't get this far as an economist (and a politician) without leaving himself plenty of outs...
...They slashed their inventories and their payrolls, and now many are even beating Wall Street's (much lowered) expectations. That's great, but listen for a moment to Morgan Stanley chief economist Stephen Roach. "Five of the last six U.S. recessions have had a double dip, in which we've seemed to come into a recovery and then had a relapse," he says. "It takes that second dip to purge the economy of excesses...
...David Broder, in his Washington Post column on Wednesday, and Harvard economist Richard Freeman and think-tanker Eileen Appelbaum in the New York Times on Thursday, all raise the admittedly intriguing idea of the "prosperity dividend." The gist: Wait until the surplus is a surplus before you send it back. At the end of the fiscal year, if there's money left over in the federal budget, simply cut every taxpayer in America a check...
...Bush's most profound attack on Clinton's economic legacy. In 1993, without G.O.P. support, Clinton pushed through a budget that raised taxes on the affluent and sliced into the burgeoning deficit. Most economists credit that deal with helping launch the next seven years of economic growth, but Bush partisans see it differently. "The Bush tax cut is a direct rollback of Clinton's largest tax increase in history," says Bush aide Ed Gillespie. But Bush may not end up cutting into Clinton's overall spending levels. His emphasis on education, military and health-care spending...