Professor Bill's Class: Political Economy 101

Clinton's summit played well, but his promises are looking harder to keep

IT MIGHT NOT HAVE LURED MANY VIEWERS FROM All My Children. But when it came to furtive subplots, greed, jealousy and spine-chilling intimations of impending disaster, Bill Clinton's televised 19-hour economic talkathon was right up there with daytime's most overwrought soap fare.

On its face, the two-day Conference on the Economy, held in Little Rock, served as a remarkable national teach-in, where 329 economists, corporate executives, labor leaders and other interest-group advocates got a chance to pitch their favorite nostrums to the President-elect. It provided the public with an exhaustive review of the tough choices on taxes and spending that face...

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