WASHINGTON — The business sector and the public have been looking to the government to help stem the tide of investor and consumer discontent, but actions taken Tuesday didn’t seem to change their outlook.

The White House held a half-day economic summit at Baylor University in Waco, Tex., with business officials, an event derided by Democrats as being political fluff. President Bush, on vacation at his nearby ranch in Crawford, brought his cabinet there to hear recommendations and concerns about the direction of the economy from eight panels.

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