Monday, January 12, 2009

"Bush Econ: A Legacy of Little Growth"

Source: The Washington Post, January 12, 2009

Comment: The WP seems to be attributing the low growth rate to George W. Bush's administration. Not however the comparison between recent Democratic and Republican Administrations in average growth of GDP:
  • Democrats: Clinton 3.6, Carter 3.4, Johnson 5.3, Kennedy 5.3
  • Republicans: Bush II 1.4, Bush I 1.9, Reagan 3.4, Ford 3.1, Nixon 2. 4
The worst Democratic growth record is equal to the best Republican record. In terms of jobs over the last 50 years, the the worst Democrat is better than the best Republican. Which party do you want to elect? Of course if you are among the very rich, the answer may be different than mine. JAD

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