Word: lindseyism
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...Administration insists there is help on the way--those tax-rebate checks. "This was a perfectly timed tax cut," says Larry Lindsey, director of the President's National Economic Council, that "stopped a very precipitous fall." As the rebate stimulates consumer spending, he argues, it will increase the government's tax haul. The upshot: the surplus should come roaring back...
...Republicans are praying that 98-year-old Strom Thurmond hangs on until his term ends next year, when South Carolina Congressman Lindsey Graham, who's said he'll run for Thurmond's seat, stands a good chance of keeping it in the GOP column. If Thurmond leaves before his term?s up, South Carolina's Democratic governor would almost surely name someone from his party to fill the vacancy, giving Democrats a leg up in that race. What's more, Republican senators tell me at least three other GOP incumbents - Fred Thompson of Tennessee, Pete Domenici of New Mexico...
...recently as a few weeks ago, there seemed to be enough funds for Treasury Secretary Paul O'Neill to say he hoped that the corporate income tax could be abolished in the not too distant future. But such hopes have been dashed. Bush's chief economic adviser, Lawrence Lindsey tells TIME that O'Neill's idea isn't yet Administration policy and may never...
...Chief economic adviser Larry Lindsey says he's buying bikes for his kids. Karl Rove will blow it on school clothes, home furnishings "and something for Daisy, the dog." Budget director Mitch Daniels will give it to his daughter to save - "but she may find a way to spend it," he says hopefully. Multimillionaire Donald Rumsfeld is opting for services - he says he'll use it to pay his accountant. And Treasury Secretary Paul O'Neill, who's signing the checks, is giving it to charity...
...Which is why the early, early favorite is? Larry Lindsey, the White House's chief economic adviser and a former Fed governor...