I don’t know what I find more shocking: The fact that someone could be so stupid, so utterly disconnected from the real world to say something like this, or the fact that others think it’s something to be proud of.
Newsflash: The economy went into recession after Bush & pals raped California with a fake energy crisis, rolling blackouts and huge energy price spikes. Even worse: The economic uncertainty created by Bush’s promise to wreck all of Clinton’s wildly successful economic policies & balanced budget.
…then 9/11 wiped hundreds of billions out of the economy.
We never recovered. Technically you can claim that the economy had “Grown” and in that sense there were breaks to the recession, but it’s meaningless.
Unemployment is a vastly more accurate measure of economic health, and far fewer jobs were created by Bush than lost. Remember: As many as 200 thousand new employees were entering the economy every month, so many more jobs had to be created than lost just to break even. But that never happened.
Wages — “Buying Power” — is another more accurate measure of economic health than “The economy is growing.” Can the average person afford as much as he could in the past, or less? And the reason why this is such an important indicator is because economic growth is largely limited to the top: The richest. So, politicians claim that they ended the recession, turned the economy around, and very often the average person is seeing little or no growth what so ever.
Under Reagan, for example, one out of every four Americans grew poorer. Poverty grew under Reagan, and most of the economic growth was limited to the top 33% of the richest.
The growth under Bush was even worse, limited to the top 20%. When his final recession did hit — the collapse — even the top lost ground.