EDITORIALS
After years on the public stage, Mayor Bloomberg is a puzzle even to those who watch him closely. On the one hand he has thrown himself into the mayoralty, winning re-election — and, in political terms, vindication — by a wide margin. On the other hand, his public flirtation with the presidency ended up raising more doubts than it answered. The more the current presidential race grinds on, the greater the impact it appears, at least to the editors of these columns, he could have had had he not pirouetted away.
President Bush and Senator McCain went to bat on energy policy this week. And guess what? They both struck out.
Mr. Bush went hat in hand to the Saudis to ask for more oil production in order to bring down world prices. He whiffed. They said no for the second time this year.
The ExxonMobil chairman and CEO, Rex Tillerson, said it's "astonishing" that Mr. Bush keeps asking Saudi Arabia to pump more oil, rather than working harder for increased oil production at home.
THE NEW YORK SUN | May 15, 2008
‘The Stimulus Impact May Be Short-Lived’
Columnist Liz Peek rightly states that rebate checks might be the silver bullet to pull us out of the economic downturn, but only for the next two quarters [Business, “The Stimulus Impact May Be Short-Lived,” May 6, 2008].
She goes on to ask the logical, if often unexplored, follow-up question: What next?
Even before the credit crisis, economists at the New School’s Schwartz Center for Economic Policy Analysis released data that makes clear the long-term benefits of public investment in our national infrastructure.
