The Washington Times reports that,

The Washington Times reports that, in the wake of this month’s elecoral victories, the Administration will introduce legislation accelerating the scheduled tax cuts, expanding IRA and 401(k) plans, and providing additional incentives to business investment. All of this will be billed as a stimulus package to boost economic growth. I think this is great on public policy and fairness grounds; how much it will boost the economy is debatable. But economic growth is almost sure to accelerate some time in the next eighteen months in any event, and these measures, even if their contribution is marginal, will allow the Administration to garner some of the credit. And it is absolutely necessary for the Administration to be seen as making a major effort to support the economy. If they are able to include drilling for oil in Alaska, they will be doing about all that can be done.


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