George Bush is a survivor. Faced with political extinction in 1988, he promised voters "no new taxes" and won the White House in return. Two years later, he raised taxes in exchange for a budget deal. But when polls in Georgia showed that even country-club Republicans thought Bush was a flip- flopper who didn't stand for anything, Bush pulled another abrupt about- face. "This tax thing is still really bothering people, isn't it?" Bush mused to an Oval Office visitor last Monday morning. "Maybe I should clear the air."
Within hours, Bush had renounced the 1990 budget deal as the biggest...