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Traders Magazine Gregory Bresiger explains how the policies of President George Bush recall the Nixon era.

President George W. Bush's statist policies should not been viewed as a departure from the Republican traditions. Bush's economic policies are a continuation of Nixonomics.
We should also understand that Bush, like Nixon, cannot resist the political temptation of public-sector spending and various price controls to achieve short-term political goals. Bush, backed into a political corner, may well re-impose wage and price controls. He certainly has done nothing that will lead anyone — even his allies — to believe that he is a fiscal conservative.

George W. Bush's Nixonomics [Mises.Org]