A recent Gallup poll found that only 41 percent of respondents approved of Bush's handling of the economy, compared to 55 percent who disapproved. Such a question would make sense, of course, only if the United States were a centrally planned dictatorship. In a free society, the less the president handles the economy the better off we are.

Because polls reflect perception rather than reality, the suspicion arises that many people wrongly believe the U.S. economy is in bad shape because ...

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