Economy Made Few Gains in Bush Years »
Posted By Beau7890 1 year ago in Political News
President Bush has presided over the weakest eight-year span for the U.S. economy in decades, according to an analysis of key data, and economists across the ideological spectrum increasingly view his two terms as a time of little progress on the nation's thorniest fiscal challenges.
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Beau7890
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Beau78901 year ago
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From the article:
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Americans' incomes grew more slowly than in any presidency since the 1960s, other than that of Bush's father.
Bush and his aides are quick to point out that they oversaw 52 straight months of job growth in the middle of this decade, and that the economy expanded at a steady clip from 2003 to 2007. But economists, including some former advisers to Bush, say it increasingly looks as if the nation's economic expansion was driven to a large degree by the interrelated booms in the housing market, consumer spending and financial markets. Those booms, which the Bush administration encouraged with the idea of an "ownership society," have proved unsustainable.-
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Goppy1 year ago
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Yeah, GW is claiming he inherited a recession and is leaving on a recession ... and claiming he should be remembered for those 52 weeks ... even though those job gains were transitory ... and camouflaged the fact that our national manufacturing base was disappearing ... completely.
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I might remind Mr. Bush that there was some amount of disagreement as to whether there was a recession when he took office or not.
I might also remind Mr. Bush that his massive Welfare Package for the Wealthiest Americans ... was simply his pean to the Neo-Conservative's treasured 'Trickle Down' Economic Theory ... and that it should be clear to all Americans that this Economic Theory truly is ... as his father said ... VooDoo Economics ... designed for one purpose ... Welfare for the Wealthy.
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speedlimit5519Comment removed: Spammer
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FrauBlucherComment removed: Retracted by user
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Albmore1 year ago
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Bush is not all at fought here. Clinton enjoyed the econimc boom, which had little to do with his policies but more with the tech market.Like all market this had its peak and decline.
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Bush will never go down as one of our best presidents. He was labeled on day one after the election against Gore. He has made many of mistakes but it is often to easy to blame Bush on everything than to take a real look at who is to blame. -
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dunkirk1 year ago
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This shouldnt be a surprise other then the right wing ideologues on here who claim they made money hand over fist during the Bush years the reality of it being people are worse off now then when Clinton left office. The sad reality was Bush made Hoover look like a good President.
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Will13131 year ago
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Think of America as a company... when you elect a new CEO..and the stock of the company is 10,900 per share when you take office.. and the price of that stock.. is stagnant or declines .. don't the shareholders vote for a new CEO.. well not in Bush's case he was re-elected in 04.. after the stock had dropped to 10,200.. not bad considering 911.. but in the here and now. at 8400 the loss has been 17.6% or so.. on paper.. throw in the devaluation of the dollar and factor that into the stock price ..you'll realize how grim it really is.. the price of the stock is somewhere around 3500 - 4500 a whopping 55% loss.. that's not even factoring INFLATION..
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Americans have LOST THEIR ASS UNDER BUSH.. and many want to coranate JEB.. my god just go give them YOUR money and leave the rest of us alone... -
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BenjaminY1 year ago
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Remember during Bush administration that the nation has lost jobs in 25 of the 31 months that President Bush has been in office, making for the worst jobs record at this point in a presidency of any administration. We’re going to need an enormous payday loan to clear out the global chaos built up over the last eight years. The unemployment rate is still on the rise and it appears everyone, including big time executives and corporate operations, need some kind of payday loan to remain above waters. But exactly how can one person do that without a steady flow of income? You can’t even get a payday loan without a stable job or another source of income. During Bush’s presidency, there was only a 2 percent job increase. The GDP only grew about 2 percent and Bush managed to turn a budget surplus into a deficit within three years. The massive job loss massacre has and continues to torment the livelihood of many citizens. The Bush economy has done worse for the American country than anything else, and it is now up to the Obama administration to get us back on track. For those of you who managed to still have a job, just be glad you are still able to obtain a payday loan for your short-term financial dilemmas.
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