One Way Bush Could Still Save His Bacon

It's too late for Treasury Secretary Nicholas F. Brady to save his own job, but he could still save George Bush's--by using his regulatory authority to index capital gains for inflation. President Bush desperately needs to improve the economy and to identify himself with the job concerns of voters. His four years of inaction and failure to defend the accomplishments of Reaganomics have let his enemies paint a black economic outlook.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.