When are you going to realize that your attempts at pretending that Bush was a success only make you appear very foolish?? Here are a few things from one of my favorite articles. I have a lot of them.
As the Clinton administration ended, the United States entered the new century and decade with the strongest, most-resilient, most-adaptable, and technologically advanced economy on the face of the earth, according to an analysis by the U.S. Central Intelligence Agency. Job growth had been enormous in the 'Roaring 90s' -- with more than 22 million jobs created in eight years. Median incomes were rising, poverty rates were at their lowest levels in decades. Business investment and new business formation were strong. The stock market was booming, capital markets were sound, and driven by the promise of new technologies, the United States was poised to enter a new phase of growth and development, with the benefits spread across its society.
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The Bush administration began in 2001 with the passage of a $1.35 trillion tax cut -- a cut many economists and analysts felt was not necessary, given that the U.S. economy was already recovering from the mini 2001 recession.
But the biggest problem with the tax cut was that it was tilted too much toward the rich and upper-income citizens -- Bush's political base -- and it almost guaranteed that, over time, broad-based demand would remain soft, and probably fail, in a few years.
Moreover, Bush's refusal to build on President Clinton's successful earned income tax credit (EITC) policies -- which literally lift millions of working poor / lower income adults and families out of poverty annually -- further prevented the bulk of society from benefiting as much as upper-income groups during his years.
President Bill Clinton favored the EITC because he believed that, "If you work hard, play by the rules, you ought to be able to live a decent life." President Bush disagreed with Clinton's policy, and sure enough, as his presidency continued, the decent life slipped away for many, typical citizens, including millions of working families.
Under Bush, there was no energy policy, massive budget deficits, and no job growth. And that's the truth. He ruined the country after Bill Clinton left office. And that's a fact.
And don't blame 9/11. He left Afghanistan to go to Iraq for no good reason.
The Bush economic legacy: The U.S.'s decade of descent - BloggingStocks
