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News & Politics News & Politics

Coming This Summer: For $24.95, George W. Bush Will Share His ‘Strategies For Economic Growth’

Posted by on May. 16, 2012 at 8:40 PM
  • 8 Replies

Coming This Summer: For $24.95, George W. Bush Will Share His ‘Strategies For Economic Growth’

Former President George W. Bush jumped back into presidential politics this week, endorsing presumptive 2012 GOP nominee Mitt Romney. He also, according to the New York Times, plans to release a book in two months that will lay out his advice on boosting economic growth:

Gingerly, the 43rd president is beginning to add his voice back into the national dialogue. A month ago, he spoke publicly in favor of one of his defining domestic legacies, the tax cuts that still divide the country. Two months from now, he plans to publish a book outlining strategies for economic growth. And on Tuesday, he made a rare return to Washington to promote freedom overseas.

That Bush believes the country needs his thoughts on how to create economic growth is laughable. After all, under 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.”

As this chart shows, the only economic indicator on which Bush exceeded the average is corporate profits:

As the New York Times’ David Leonhardt noted, “the competition for slowest growth is not even close, either. Growth from 2001 to 2007 averaged 2.39 percent a year (and growth from 2001 through the third quarter of 2010 averaged 1.66 percent). The decade with the second-worst showing for growth was 1971 to 1980 — the dreaded 1970s — but it still had 3.21 percent average growth.” Bush also presided over the formulation of the worst recession since the Great Depression.

And its not just under Bush that the nation saw lackluster economic growth. Over the last 50 years, in fact, two-thirds of the private sector jobs created in the country have come under Democratic administrations.

by on May. 16, 2012 at 8:40 PM
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Replies (1-8):
nanaofsix531
by Platinum Member on May. 16, 2012 at 8:42 PM

ROTFLMAO! I wonder if this will be a best seller.blank stare

shimamab
by on May. 16, 2012 at 8:57 PM
Hysterical! Well, maybe his personal finances...not stressed by a couple of wars...are in better shape than his admin left the U.S.
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_Kissy_
by on May. 16, 2012 at 9:52 PM
3 moms liked this

It comes with crayons...

Pema_Jampa
by 2HotTacoTini on May. 16, 2012 at 10:39 PM

Let me guess...these ones?

_Kissy_
by on May. 16, 2012 at 10:42 PM

Oh yea, that be them..

_Kissy_
by on May. 16, 2012 at 10:43 PM

We'll know when individual bankruptcies increase ten-fold

Quoting nanaofsix531:

ROTFLMAO! I wonder if this will be a best seller.blank stare


lga1965
by on May. 16, 2012 at 10:48 PM

 LOL, how ironic.

Friday
by Platinum Member on May. 17, 2012 at 12:02 AM

Oh.His.God.

I keep looking for the link to The Onion.


H.R.H. Friday of MaryJane

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