The latest indicator to that effect is a report published by Peggy Noonan in Monday's Wall Street Journal based on an interview with President Bush last week.

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The Journal didn't leap at that comment and assert a Bush conspiracy.

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In February 2005, just after Mr. Bush's second inauguration, the Federalist Society and The Wall Street Journal conducted a survey in which scholars were asked to rank the presidents.

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Former Bush economic adviser Larry Lindsey recently came up with a good idea in the Wall Street Journal to unclog the tightening credit arteries: Allow manufacturers and retailers to open up their own in-house banks or financial institutions that could borrow and lend money.

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This idea has been championed by conservative policy entrepreneurs such as Ramesh Ponnuru of National Review and Robert Stein, a veteran of George W. Bush's Treasury Department, yet it has met with fierce resistance from The Wall Street Journal editorial board, which sees it as an unjustifiable tax giveaway that is an unhelpful distraction from the need to cut marginal tax rates.

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