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BUSHONOMICS.

Publication: The New Yorker

Publication Date: 12-MAY-03

Author: Cassidy, John
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COPYRIGHT 2003 All rights reserved. Reproduced by permission of The Condé Nast Publications Inc.

Economics has never been the Bush family's thing. The first President Bush was so bored by financial briefings that he sometimes dozed off during them. The second hasn't been caught napping yet, but it's fair to say that the economy isn't his favorite topic. George W. Bush is well aware, however, of the fate that befell his father after he waged a successful war in the Gulf--"It's the economy, stupid”--so he briefly turned his attention away from foreign policy to defend his controversial tax-cut plan, which is fighting for survival in the Senate.

"With a robust package of at least five hundred and fifty billion dollars in across-the-board tax relief, we will help create more than a million new jobs by the end of 2004,"he declared in his weekly radio address. "Some members of Congress support tax relief but say my proposal is too big. Since they already agree that tax relief creates jobs, it doesn't make sense to provide less tax...

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