Cheerleading For The Budget

As U.S. troops were advancing on Baghdad, President Bush called his own pause in the war last week to meet with a group of economists in an effort to refocus attention on his economic plan. The meeting was billed as a thoughtful discussion of the challenges confronting the stagnant economy, but participants described it as largely a cheerleading session for the most controversial element of Bush's plan: the $364 billion elimination of taxes on dividends. "Clearly it was a biased group," said a participant, noting that many of the invitees came from securities firms that will stand to benefit from the...

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