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Few Economic Gains During the Bush Years
The Page by Mark Halperin —
... His term was the weakest eight-year span in the U.S. economy for decades. ...
Economy Made Few Gains in Bush Years, Eight-Year Period Is Weakest in Decades
Democratic Underground Latest Breaking News —
... with the idea of an "ownership society," have proved unsustainable. "The expansion was a continuation of the way the U.S. has grown for too long, which was a consumer-led expansion that was heavily concentrated in housing," said Douglas Holtz-Eakin, a onetime Bush White House staffer and one of Sen. John McCain's top economic advisers for his presidential campaign. "There was very little of the kind of saving and export-led growth that would be more sustainable." Read more: http://www.washingtonpost.com/wp-dyn/content/article/20...
Zandi: The "Lost Economic Decade"
Calculated Risk —
"It's sad to say, but we really went nowhere for almost ten years, after you extract the boost provided by the housing and mortgage boom. It's almost a lost economic decade." Mark Zandi, chief economist of Moody's Economy.com From the WaPo: Economy Made Few Gains in Bush Years President Bush has presided over the weakest eight-year span for the U.S. economy in decades, according to an analysis of key data ... We will probably see a slew of articles over the next ten days on the various failures of the Bush ...
At least James Buchanan
Firedoglake —
... A great sense of accomplishment indeed:
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 ...
ThinkFast: January 12, 2009
Think Progress —
... “It does look like a great eight years, aside from the last quarter, unfortunately,” said Ed Lazear, chairman of Bush’s Council of Economic Advisers. “In the long term, things look good. The reason things look good is this economy will rebound, and it will rebound strongly.” ...
The Early Word: Transition Winds Down
The Caucus —
... that both the incoming and outgoing presidents are on board with the plan, while some “lawmakers in both parties are furious over the Bush administration’s handling of the bailout and some have pledged to block the money.” In the president-elect’s early emphasis on the economy, he is hoping to avoid the kind of news that President Bush is contending with during his last full week in office, including the Washington Post’s conclusion that Mr. Bush “presided over the weakest eight-year span for the U.S. economy in decades.” From the Post’s Neil Irwin and Dan Eggen: The number ...
For the Defense
Matthew Yglesias —
... This Washington Post article on how “President Bush has presided over the weakest eight-year span for the U.S. economy in decades” is pretty great. The best part is the Bush Team’s pathetic defense of their record: ...
Bush's Economic Legacy
The Daily Dish | By Andrew Sullivan —
... This WaPo piece is devastating. The collapse of job-creation, the still hard-to-fathom increase in public borrowing and spending, the failure to resolve any long-term fiscal problems (indeed a massive worsening of them), and the toleration of a bubble economy: put in historical context, the Bush-Cheney years seem even worse. Tax cuts did not help mend structural problems. That much needs to sink in with those of us who supported them. ...
ThinkFast: January 12, 2009
The Hollywood Liberal —
... , other than that of Bush’s father.” “It does look like a great eight years , aside from the last quarter, unfortunately,” said Ed Lazear, chairman of Bush’s Council of Economic Advisers. “ In the long term, things look good . The reason things look good is this economy will rebound, and it will rebound strongly.” Roll Call reports that some top business lobbyists are privately grumbling “that they lack ...
Assessing Bush: The Economy
BlueOregon —
"It's sad to say, but we really went nowhere for almost ten years,
after you extract the boost provided by the housing and mortgage boom. It's almost a lost economic decade." --Mark Zandi, Chief Economist at Moody's On Monday I began a series of posts on the Bush years, starting with a look at the administration's handling of foreign policy. The Iraq war will be one of a small number of major initiatives against which history will judge the Bush administration; ...
The Bush Record
Matthew Yglesias —
... Notice anything? I mean, it’s true that Bush’s record in keeping the United States safe from terrorism is good if you ignore the failure. On the economy, they make the same claim. Sure, Bush has overseen the worst performance ever but if you ignore the recessions, times were pretty good! ...
Opposing Obama on Stimulus, Republicans Party Like It's 1993
Crooks and Liars —
... . George W. Bush, too, saw the federal government hemorrhage red ink and presided over the worst eight-year economic record of any modern American president. Meanwhile, Democrat Bill Clinton's ...
