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The Fed Flames Inflation

Av Steve Forbes for Forbes Magazine, New York, USA.

Don't Be Bearish on Bush
Nothing goes right these days for President Bush and congressional Republicans. If elections were held now, the GOP would be routed. Many of the wounds are self-inflicted--reckless spending, a botched Social Security initiative, a slow response to the Hurricane Katrina disaster, a seemingly uninspired pick to replace retiring Supreme Court Justice Sandra Day O'Connor, tactical mistakes in Iraq (e.g., an inadequate number of troops), unwillingness to be bold on tax reform. Compounding these missteps is an out-for-blood media and an abusive Texas prosecutor.

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