'The Deficits Are Quite Manageable': The stimulus is paying off, says Stephen Friedman, Bush's chief economic adviser.

Publication: Newsweek

Publication Date: 17-NOV-03

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Byline: Richard Wolffe

They may be polar opposites when it comes to the Bush tax cuts. But there was a time when Stephen Friedman and Robert Rubin shared an economic outlook and even the same job. Friedman and Rubin were co-chairmen of the investment bank Goldman Sachs a decade ago, and like Rubin, Friedman was once a deficit hawk. Friedman now heads the National Economic Council inside the White House (a job that was first created for Rubin). NEWSWEEK's Richard Wolffe spoke to Friedman after he returned from a tour of the West Coast last week, where he was talking to businesses about tax cuts, investment and...

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