this will play badly for the congress and senate in 2004...
he has been superb as the protector of America - but - G2 is not striking the same kinds of responsive chords with economic issues as he did with the patriotic issues...
the patriotic issues resounded well with all of the public - but not this economic program - it is resounding with only some of the public...
What in the world are you basing that assumption on? He only delivered his plan 30 minutes ago...
I think Americans will react favorably to an economic plan that will take less from people and give TRUE freedom to individuals.
The only questions are: 1) is it politically feasible? Yes. We have a republican congress and the investor class is 68% of the public; and 2) Will it help the economy. Probably. If it does that, and the war on terror continues to go well, all the class warfare BS will be irrelevant--completely irrelevant--come 2004.
The alternatives are to propose a dem style stimulus package or to do nothing. The dem style package would give 'targeted' money away to favored groups and do nothing to stimulate the economy--thereby tanking the republican chances in 2004. Do nothing runs the same political and economic risk, but at least without the giveaway. If W is going to do something, he should at least propose something that has a chance of benefitting the country, which I believe he has done.
Pick at the details if you want. But this is a solid package. The elimination of dividend taxation is huge and will do wonders for the market and the economy.