John Snow is one of the real lightweights in the present administration, his ongoing presence at the Treasury Department is a clear sign that economic policy is, and always has been, at the bottom of Bush’s agenda. Today he defended the recently enacted package of tax cuts and benefit cuts as being in everyone’s interest. […]

The Iraq war wrangling is now getting stoked to new heights and Bush’s popularity has plunged. He has come out swinging, hoping that by being aggressive he can sway enough middle ground voters to stop the rot. Can he? Not if the economy starts to falter as it is showing signs of doing. Inflation is […]