Peddling A Crisis (The Wrong One); The shortfall in Bush's prescription-drug program is a far bigger problem than Social Security.(U.S. President George W. Bush)(Column)

Publication: Newsweek

Publication Date: 27-DEC-04

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Byline: Allan Sloan (With Holly Bailey in Washington. Sloan is NEWSWEEK's Wall Street editor. His e-mail is sloan@panix.com.)

President Bush's economic conference last week was a great show--if you like watching sales meetings. The conference, billed by the White House as a "frank discussion" about the president's economic program, was really a two-day infomercial that was short on "info," long on "mercial." Attendees, who had been screened by the White House, applauded at all the right places. Bush closed the conference with a dire warning about Social Security. "The longer we wait," he said, "the more expensive the solution becomes. The crisis is now."

I wasn't invited to the...

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