In recent months, President Bush has hinted at several ideas to stimulate the economy, including bonus depreciation, tax rebates, a reduction in the bottom tax rate, and a refundable tax credit for first-time home buyers. Amity Shlaes argues that these stimuli are not only off-point, they also steal political capital from good projects. When it comes to the economy, the president would do better if he just stayed off the campaign trail.
