While every American knows perfectly well that well-heeled lobbyists are manipulating the federal tax code for profit, this panel somehow ignored that reality and substituted cowardly politics for strong action. In the process they employed limited findings and let the American people, as well as President Bush , down.

The fact that the main proposals to emerge are limits on health insurance and mortgage interest deductions reveal the usual Washington mindset of how to more efficiently shear the taxpaying sheep.

They are moving around the deck chairs on a sinking ship but are trying to convince the American public that they are moving mountains.