American Account: Irwin Stelzer: Wall Street is out of step with new Bush order

The president, looking to the future, followed his smashing triumph in the off-year congressional elections by declaring the White House a no-gloat zone. The Wall Street establishment looked at those results and declared the financial community a no-reform zone.

When the president told his troops not to gloat over their increased margin in the House of Representatives and their capture of the Senate, he was looking ahead. He aims to get the Democrats to co-operate with his legislative agenda and force his economic team to concentrate on developing policies that will put the economy on a path to solid growth, soon and for a good long while.

He knows that by refusing to rub the Democrats’ noses in their defeat he increases his chances of