Alex's Outlook

Tuesday, April 15, 2003

GWB's job approval rating is now seventy-three percent, with seventy-nine percent approving of his Iraq policy and a majority favoring his handling of the economy.

Bush is scheduled to give a major speech on his latest tax cut on Tax Day. He is also sending some 40 officials to stump for his tax cut at 57 events. Bush wants to invest his postwar political capital in a tax cut, but to get anything meaningful through (ie above $350 billion) he needs to turn the screws on George Voinovich and Olympia Snowe, the two Republicans who shafted his $726b plan. If he can get $550 billion (the House version), that's enough for rate accelerations and a full-blown dividend cut, which is all Bush needs. I doubt Bush will break $500 billion, though.

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