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...economic policy. He probably believes that he's a compassionate conservative, even though he has allowed every antipoverty program he favors to be eviscerated by Congress. This week's outrage is the crippling of AmeriCorps, which he had pledged to increase in size. He probably believes that his tax cuts for the wealthy will help reduce the mammoth $455 billion budget deficit (which doesn't include the cost of Iraq), even though Ronald Reagan found that the exact opposite was true and had to raise taxes twice to repair the damage done by his 1981 cuts. And Bush probably believed...

Author: /time Magazine | Title: How Bush Misleads Himself | 7/21/2003 | See Source »

...Republican Administration. Several weeks ago, at a Dean speech in San Francisco, a woman approached me and said, "I've been a moderate, Clinton-Gore Democrat, but no more." I asked her why. She said, "Grover Norquist," referring to the Republican taxophobe lobbyist who helped forge the President's tax cuts. "He said, 'Bipartisanship is date rape.' Well, I don't like being raped...

Author: /time Magazine | Title: Are Voters in the Mood for an Angry Democrat? | 7/21/2003 | See Source »

Abundant supplies of crude oil worldwide are no bargain either. Americans are paying inflated prices for gasoline and other petroleum products. The bloated bills will more than wipe out the savings from this year's multibillion-dollar tax cut. For all this, you can thank more than three decades of bungled energy policies by a succession of Congresses and Presidents. Get ready for more bungling...

Author: /time Magazine | Title: The U.S. is Running Out of Energy. | 7/21/2003 | See Source »

...faced with recurring oil and natural-gas crises for some years to come. Their duration and severity remain to be seen. But volatile prices--as with gasoline during the Iraqi war, natural gas last winter and electricity in 2000--are all but guaranteed. The result is a hidden tax of tens of billions of dollars on American consumers. Just how many billions depends on a catalog of variables ranging from the harshness of the weather to unfolding events in the Middle East. More important, it depends on whether Congress and the White House, Democrats and Republicans, come up with...

Author: /time Magazine | Title: The U.S. is Running Out of Energy. | 7/21/2003 | See Source »

...official was detained on suspicion of a double murder. Yukos representatives say neither man has been formally charged, and dismiss the allegations as spurious. Yet things got worse. Yukos offices were subject to a 16-hour raid, and last week the government announced it would review the firm's tax payments, a favorite harassment tactic. Rumors began circulating that another Yukos official, this time a top member of the board, would be charged with homicide. The attacks on Yukos caused such an uproar that Putin's own economics adviser, Andrey Illarionov, spoke publicly of the prosecutor's office's "selective...

Author: /time Magazine | Title: Going For The Moguls | 7/20/2003 | See Source »

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