Tuesday, January 28, 2003

Krugman reminds us of past SOTU promises:

We can be sure that some pundits will acclaim the speech as bold and brilliant; they would do
that if he read from "The Very Hungry Caterpillar." Whether their praise, and the theatrics of
the occasion, will turn things around is anyone's guess. A lot depends on whether Mr. Bush is
held accountable for the promises he made in his last State of the Union address.
For there was more to that speech than the axis of evil (a phrase, by the way, that has
vanished from Mr. Bush's vocabulary, along with the name of that guy he promised to bring in
dead or alive). He assured those who worried about red ink that "our budget will run a deficit
that will be small and short-lived." He offered comfort for those who remembered his father's
"jobless recovery," which felt like a continuing recession: "When America works, America
prospers, so my economic security plan can be summed up in one word: jobs."

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