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Tax Cuts Will Do the Job, President Says (washingtonpost.com): "Bush's aides said he is not actively considering a new tax cut, but the president left open the possibility that he would continue his pattern of introducing at least one a year. After saying he was satisfied with his policies, he added, 'If we change our opinion, we will let you know.'"

President Bush invited his economic advisors down to Crawford for a chit-chat. Surprisingly, he did not announce plans for more tax cuts, but said that the policies under which the economy has lost 2.6 million jobs were "the absolute right course of action".

He also gave a preview of what we can expect to hear a lot of if the economy doesn't start getting better before campaign season:

"We inherited a tough situation," he said. "But most importantly, the Americans know that I'm not afraid to lead and to make a tough decision. And I made a tough decision, a series of tough decisions."

Blame the previous guy, and focus on how tough the decisions were, not whether they did anything useful.