State of the Union

Deficits Don't Matter; Votes Sure Do After months of buildup, Bush outlines a feel-good plan for fighting the recession, but it may do more to help his re-election prospects than to cure America's ail

A few days after the embattled President delivered his State of the Union message, a little-known member of the opposition party appeared on prime-time television to decry almost everything the Commander in Chief had said. "The nation faces this year, just as it did last year, a tremendous deficit in the federal budget," the Congressman intoned. "But in the President's message there was no sense of sacrifice on the part of the government, no assignment of priorities, no hint of the need to put first things first."

The year was 1968. The President was a Democrat named Lyndon Johnson. The Republican...

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