Word: taxed
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...offer. Their timidity was obvious when George W. Bush proposed a larger economic-stimulus package - roughly $145 billion - to meet the looming recession than Clinton, Obama or John Edwards did. Worse, the Democrats seemed willing to play on the Republican side of the field, proposing short-term fixes and tax rebates rather than a more comprehensive, thematic solution to the problem. Think about it: the terrorist threat to national security, the relative decline of the American middle class, the sudden flimsiness of the international economic structure - to say nothing of the potential destruction of the planet - all are influenced...
...gender and sexual preference. They fixed on narrow-gauge programs rather than broad themes. All too often they sounded like Ginsu-knife salesmen on late-night cable television: "And if you buy our children's health-care plan, we'll throw in - absolutely free! - a $4,000 college-tuition tax credit. Plus, this special onetime offer: universal day care!" To be sure, the Republicans had their own special interests and slovenly hypocrisies - an avalanche of corporate tax breaks that made Swiss cheese out of the federal code - but they could always return to their big, clean public offer: freedom, strength...
Rudy Giuliani has been running for President in a blur-literally. He needs his eyeglasses to see distance, but at most events he won't wear them. Instead, he rattles through his stump speech-tax cuts increase revenue, beware of Hillary Clinton, remember 9/11-while gazing into a fuzzy void. The spectacles come on only briefly, during question time, so he can make eye contact with his inquisitors...
...London, you could almost smell the panic. "There's an acrid stench of fear," says David Buik at London brokers BGC Partners. The list of those investors' worries is growing. Despite a $150 billion package of tax cuts and other economic stimulus unveiled by President Bush last Friday, a recession in the U.S. remains "more likely than not," says Gabriel Stein, chief international economist at Lombard Street Research in London. The reason: markets can still only guess the scale of losses incurred by banks caught up in the collapse of the U.S. subprime mortgage market. With those banks themselves still...
...disorienting comity isn't just talk. In response to the rising chances of recession this year, President Bush is readying a $150 billion stimulus package that will include tax rebate checks to a large swath of American taxpayers. And while election year politics rarely produce bipartisan progress, with the economy sputtering and even the staid Fed chief Ben Bernanke supporting the idea of an immediate cash infusion, Bush's arch-enemies on the Hill are backing his proposal...