Blind optimism
From the joint press conference today with the Prime Minister of Poland:
Q Mr. President, with the economy not producing a whole lot of new jobs, are you considering adjustments or additions to your economic plan to try to give it a boost? And would an increase in interest rates tomorrow help or hurt?
PRESIDENT BUSH: Monetary policy is decided independently from the White House. Secondly, the economy is strong, and it's getting better. Imagine me being able to say to the Prime Minister of Poland, in spite of a recession, emergency, attacks, war and corporate scandals, we're growing, and growing quite substantially. We've added nearly 1.5 million jobs over the last 12 months.
And what we don't need to do is run up the taxes on the American people. This campaign is going to be talking about visions, about how to keep the economic recovery going, and there's a clear difference of opinion as to how to do it. I believe taxes ought to be low. I know we need tort reform. I know we need an energy policy. I know we need reasonable health policy to help hold down the costs, and that stands in stark contrast to my opponents who are willing to raise taxes and not willing to fight for tort reform, for example. But I'm optimistic about the economic vitality of the country.
In other words, no. No adjustments or additions to Bush's economic plan. Just cross the fingers and pray.