Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Magazine

Table: The Economic Team: A First-Year Report Card


+ THE TAX CUT

A huge political victory that also pumped nearly $40 billion into a sagging economy. But the massive long-term cost will sharply constrain Bush's future agenda.

+ RESPONSE TO SEPT. 11

The eco team helped get financial markets back in business in less than a week and cracked down on worldwide sources of terrorist funding.

- STIMULUS PACKAGE

It turned into a hodgepodge of badly targeted, ill-timed initiatives, and the White House could not cut through the political squabbling to win passage.

- JAPAN

A low-key approach to economic reform in Japan failed as badly as the Clintonites' public hectoring. And O'Neill's efforts to signal displeasure with Tokyo backfired.

+/- GLOBAL ECONOMICS

Mixed messages turned efforts to reform the IMF into a muddle. Bushies vowed to end old-style bailouts but backed them anyway.

- ENTITLEMENT REFORM

Handpicked commission couldn't find a fix for Social Security. Medicare reform is on hold. Resurgent deficits will stymie reform efforts for years.

BOTTOM LINE

The slump was beyond Bush's control. On balance, his policies helped soften the blow. But he could have pressed for quicker action on stimulus, airport security, and terrorism insurance.


The Aging of Abercrombie & Fitch
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus