The Harder Gore Tries, The Lower He Goes
On June 26, President Clinton cheerfully announced that the projected 10-year budget surplus had grown again, this time to $1.87 trillion. Two days later, the Federal Reserve Board passed up another chance to hike interest rates, acting on evidence that growth was moderating to a more sustainable level. Stocks have rebounded, and core inflation is a benign 2.4%. So how come Vice-President Al Gore's "prosperity and progress" campaign isn't prospering or making any progress?
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