Word: feds
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...During the campaign, Bush's tax-cut plan seemed too grandiose to many voters. But layoffs, slipping economic indicators and a blessing from Fed chairman Alan Greenspan made the idea credible - and now Washington can smell a big tax cut the way hogs smell slop. Politicians are scrambling to the trough. Some of their schemes are well-intended - Senate majority leader Trent Lott wants to change the alternative minimum tax so it doesn't take such a big bite out of middle-class taxpayers - but all of them threaten to grow the beast. Lott's plan would bring Bush...
...game of high-stakes international politics is being played out in their backyard, the people of Iraq care little for Hussein, the United Nations, weapons inspections or any other abstract ideal that is being upheld by starving them. Worrying about high politics is a luxury of the well-fed. What the people of Iraq want is an end to their suffering. They have paid the price for living under a ruler they neither chose nor support...
...first of the two goals was easily the prettiest of the night. On a 2-on-1, Ingram fed Botterill in the slot. Eagles junior goaltender Sharon Van Tuyl could not handle the rebound, and Ingram poked the loose puck in while sliding on the ice and with all but her stick behind the goal line...
...When this slowdown is over - and with the Fed cutting interest rates at a furious pace, the markets showing signs of life, and large parts of the economy showing surprising resiliency, it's not likely to last the year - productivity growth should go back on the uptick. And the linchpin of the New Economy will be back in force...
...Alan Greenspan did yeoman's work on that last one in his recent Senate testimony; Monday, Bush followed up his novelty-check event with a private lunch with the Fed chairman to discuss matters both fiscal and monetary. (As in, you're sure you don't mind if I keep telling people a tax cut can save the economy, even though you say it won't? Because it's my best leverage with the Democrats.) And then it's back on the trail...