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earnest

Jimmy Carter and boomed, after a rough start, under ebullient


Ronald Reagan. We fell into recession under the often-unintelligible
George Bush senior and then boomed under charming Bill Clinton,
before declining once again under plain-spoken George Bush junior. Mr.
Davis’s problem is that he is perceived not only as ineffectual but insipid;
a bad combination for any leader.
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Main Idea : ____________________
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4. Pre-Election budgets are not what they used to be. Once upon a time,
governments could be relied on to ply the electorate with extravagant
giveaways in the run-up to polling day. But today’s voters are an
edgeable-lot, so a more subtle approach is required. Gordon Brown’s
second pre-election budget, like his first, avoided traditional tax bribes to
the electorate as a whole. Instead, Britain’s chancellor opted for a
selection of sweeteners, carefully directed at vital electoral target groups
such as pensioners, poorer families and aspiring home-buyers.
But the similarity between the two budgets ends there. In 2001, the
public finances were exceeding healthy. Including measures announced
in his pre-budget report, Mr. Brown was able to give away £8 billion
($12billion) in the fiscal year ahead while still forecasting a comfortable
surplus. In this budget, Mr. Brown was in a much weaker position. Even
the wee sweeties he handed out were far too much, bearing in mind how
bad the figures now look.
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Main Idea : ____________________
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5. The World Bank is the world’s biggest development agency—a
sprawling bureaucracy that is extremely difficult to run well. Its leader
needs to know about development, be able to articulate a workable vision
and be a good manager. Mr. Wolfowitz scores passably on two counts.

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