高级商务英语阅读补充时文SupplementaryReadingforChapter4EconomyTerrorizedBush'sNextWartoLiberatetheAmericanEconomybyDonLuskin(April12,2003)LastweekIsatacrossatablefromPresidentGeorgeW.BushintheRooseveltRoomoftheWhiteHouse.Hetoldmeandadozenfelloweconomiststhat"theAmericaneconomyisatheatreinthewaronterrorism."WithsteelyconvictionhetoldusthatheintendstowinthewartoliberateIraq,andheintendstowinthewartoliberatetheAmericaneconomy.That'sthekeymessagefromanhourandahalf'sroundtablediscussionwiththepresidentandhiseconomicteam.There,interactingwithaveryexactinggroupofprofessionals,Bushdisplayedbothmasterfulknowledgeandinspiringpassionabouthiseconomicprogram,andherevealedadeepunderstandingofhoweconomicsecurityisinexorablylinkedtonationalsecurity.Bushtoldusthatheisfrustratedbycriticswhoask,"Howcanwehaveawarandataxcutatthesametime?"Thepresidentarguesthatforthiskindofwar,wecan'tnothaveataxcut.Yes,wemustspendonwarandhomelandsecurity,too.Butthatjustmeanswemusttakestepstogrowtheeconomysothattheexpenseofwarandsecuritywillbeastinyafractionoftheoveralleconomyaspossible.Bush'stax-cutproposalsnowbeforeCongressareallaboutenablingexactlythat.Eliminatingthedoubletaxationofdividendsandretainedearningswillincreasetheefficiencyofcapitalinvestment.Theresultwillbehigherstockpricesimmediately?byatleast15%aseffectiveafter-taxyieldsjump,andmoreinthelongerrunascorporationsreapthebenefitsofalowercostofcapital.Butthebestresultwillcomewhenweharvestthefruitsofmore-efficientcapitalinvestmentinalltheyearstocome.Thefruitsincludemillionsofnewhigh-qualityjobsandnewbreakthroughtechnologiesinboththecivilianandmilitaryspheres.高级商务英语阅读补充时文NonplussedbyoppositioninCongressfromthosewhojustcan'tseemtoseehowallthiswillwork?Bushsaid,"SometimesIthinksomeoftheseguysjustdon'tlikecapitalism."Andthereinliesanotheressentialnexusbetweeneconomicsecurityandnationalsecurity.Capitalismmeanseconomicliberty,andBushunderstandsthatyoucan'trunawarofpoliticalliberationabroadwithouteconomicliberationathome.Heisquicktopoint...
