Word: helpfully
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Dates: during 2000-2000
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...Bush Challenge: While maintaining the U.S. commitment to help the parties find ways of coexisting, the Bush administration may be inclined to be a more distant participant in the peace process, emphasizing the need to maintain stability. The new administration may remember that the Oslo Accord took shape during the last Bush administration, with very little direct involvement by the U.S. And, of course, wider U.S. interests in the region from oil prices to Iraq policy require that Washington do some work in rebuilding relations with moderate Arab regimes. Which may mean the Bush campaign promise to move...
...Which is what Arafat is doing in Cairo - trying to get the Arab world to lean on Israel (and the U.S.) and help him cut a better deal...
...point of interest rate cuts from the Fed chairman in the next six months, and many expect him to begin with a surprise, pre-FOMC-meeting cut in the next few weeks, coming perhaps as soon as the next unemployment figures, due out in early January. That would only help Bush set a properly gloomy mood...
...Bush's well-handled Breakfast at Greenspan's last week. It's also why an ALCOA tin man is heading up Bush's treasury: Paul O'Neill, and Dick Cheney, go back three decades with the fed chairman, and a good relationship with the Fed can be a big help, especially when your old man didn't get along so well with Al. Greenspan will get his chance to sign off when he testifies before Congress this winter...
...markets, for whom things look plenty dire right now, are expecting just that, and have already begun the process of pricing in a quarter-point cut. That'll help share prices in January, which could help raise consumer spirits and eventually get businesses borrowing and growing again. But the effects of rate cuts - and any tax cut Bush can slide through - will be strictly psychological for the better part of a year...