The Economist - 10 March 2001 by The Economist Group

By The Economist Group

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Mr Bush seems to be calculating both that he can get most of the tax cuts through Congress on Republican votes alone, and that victory on that score will count for more than any bipartisan niceties. After all, Mr Bush’s first budget will define his presidency just as that of 1981 defined Ronald Reagan’s and the deficit-reduction bill of 1993 defined the successful bit of Bill Clinton’s. And if his tactics push Democrats into declaring war on tax cuts, then so much the better. Copyright © 2007 The Economist Newspaper and The Economist Group.

It contains fewer specific targets and sets more tentative ones adjustable to structural changes,” declared Mr Zhu. 3% over the past five years, but ambitious nevertheless. To help achieve it, China would continue its heavy infrastructure spending, starting with an extra $18 billion in bond issues this year.

He also brings with him his own political party, Action for the Republic, which has about 10% of the deputies in Congress. Yet Mr Cavallo has his downside. He is heartily loathed by many members of the Alliance, and he also gets on none too well with Mr Lopez Murphy. ) Foreign investors may regard these two as a dream-team on paper, but their closest point of agreement is that both would like to be president. That does not make for civil dealing. In the end, much will depend on Mr de la Rua’s leadership.

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