How Much Can He Do?

As Clinton tries to rebuild the economy, he faces challenges that are global in scope -- and to which there are no easy answers.

BILL CLINTON HAD NO SHORTage of advice last week about how to fix the U.S. economy. Innumerable pundits, still wheezing after the long campaign, devoted themselves to speculating and kibbitzing about his every option. Should he immediately attack the deficit Dracula that is sucking the life out of the economy? Or should he first focus on putting people back to work with a short- term stimulus package, and thereby risk worsening the deficit? Clinton had remained coy since election night, maintaining a low profile in Little Rock, Arkansas, and emerging mostly for photo opportunities.

The silence ended with a bang last...

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