Jason McCullough
07-23-2002, 10:08 PM
http://talkingpointsmemo.com/july0204.html#0723021152pm
Remember the big tin robot in those early sixties sci-fi films? Remember how there'd come a point at the end where the hero would outwit the robot or set him on some problem he couldn't solve and the robot would slip into a feedback loop and smoke would start coming out of his ears?
The White House is the robot.
More dramatic economic proposals have so far been squelched. According to one economist close to the administration, White House economic adviser Lawrence Lindsey has suggested a narrowly tailored cut in the tax rate paid on stock profits for investors buying new stocks. That could lure buyers into the market. But the proposal was roundly shot down because it could be interpreted as a gift to affluent taxpayers at a time of economic uncertainty.
Remember the big tin robot in those early sixties sci-fi films? Remember how there'd come a point at the end where the hero would outwit the robot or set him on some problem he couldn't solve and the robot would slip into a feedback loop and smoke would start coming out of his ears?
The White House is the robot.
More dramatic economic proposals have so far been squelched. According to one economist close to the administration, White House economic adviser Lawrence Lindsey has suggested a narrowly tailored cut in the tax rate paid on stock profits for investors buying new stocks. That could lure buyers into the market. But the proposal was roundly shot down because it could be interpreted as a gift to affluent taxpayers at a time of economic uncertainty.