Lawrence Lindsey
Lawrence Lindsey
Lawrence B. Lindsey was director of the National Economic Council, and the assistant to the president on economic policy for the U.S. President George W. Bush. He played a leading role in formulating President Bush's $1.35 trillion tax cut plan, convincing candidate Bush that he needed an "insurance policy" against an economic turndown. He left the White House in December 2002 and was replaced by Stephen Friedman after a dispute over the projected cost of the Iraq War. Lindsey estimated...
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I would not be surprised to see 5 percent unemployment by the end of the summer. I would be surprised to see 6 percent.
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The tax cut provides enough of a floor that we don't fall too far. We'll have a base from which to grow.
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Compensation's share of total income is down almost 1-1/2 percent over what it was in 1989. You could have a significant increase in wages and erosion in profits without seeing big changes in prices,
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Inflation may be dying but it's hardly dead and buried. The world's problems are starting to infect the U.S. and that's what's going to keep the Fed on hold.
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As in the United States in the late 1920s and Japan in the late 1980s, the case for a central bank ultimately to burst that bubble becomes overwhelming,
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disagree on the analysis before they ever get to the remedies.
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The world's problems are starting to infect the U.S. economy,
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At first, he was thought of as extreme, but later, with the advent of computers, he was able to run large databases and establish a very large empirical record. I can't think of anyone who's had more impact on public finance in the second half of the 20th century.
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They should expect no more help from the White House,
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I can pass an entire row of thirty products and refresh the table as if I was using Excel on the client.
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The members of Congress who came up to meet with the president this week all said so, and they want to see an acceleration of the tax cut, and so does the president.