A Full Plate For The President Elect

President-elect Bush will face some difficult economic decisions as soon as he settles into the White House in January. Contrary to the optimistic conventional wisdom of most forecasters, the economy is decelerating faster and steeper than anticipated. It may level out for a soft landing--but it may not. If not, the long-term income-tax cuts that Bush campaigned on could prove to be less than effective in dealing with a New Economy cyclical downturn.

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