Wednesday, May 16, 2012

George W. Bush is releasing a book with his advice on boosting economic growth. For real.

Yes, it's upside-down. Remember?
I love it when Republicans claim the statute of limitations has run out on blaming George W. Bush for the economic crisis we have been suffering through since 2008. It's like a little kid's game to them. They can do whatever they want but "No punch back!" Screw that. As Think Progress catalogues:

[U]nder his watch, "growth in investment, GDP, and employment all posted their worst performance of any post-war expansion,"while "overall monthly job growth was the worst of any cycle since at least February 1945, and household income growth was negative for the first cycle since tracking began in 1967." As the Economic Policy Institute found, "between the end of the 2001 recession (2001Q4) and the peak of that expansion (2007Q4), the U.S. economy experienced the worst economic expansion of the post-war era." 

One thing that George did well was to increase average corporate profits.

Point is, George put the country in a big hole and I have no idea why Democrats should stop talking about that.

But if you really want to know how W. thinks we should be growing the economy, despite his inability to do that when he was in charge, you are in luck. He'll be putting out a book this summer on the topic.

I'm still not expecting Mitt Romney to be citing Bush's economic wisdom any time soon. That tells me that Republicans know quite well where the blame lies for the economy and don't want to do anything to draw attention to that fact. I'm sure they would really appreciate it if Democrats played along.

(Cross-posted at Lippmann's Ghost.)

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  • Don't tell me--let me guess: We should hand over more money to rich people and reduce regulation that protects us.

    By Blogger Karlo, at 2:17 PM  

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