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Bush Boom? Have YOU Felt It?

Posted by billspaced | 12:28 PM | 0 comments »

Are you better off today than you were 8 years ago? That's a question that bears some reflection when you go to the voting booth this Fall. Median income is down and unemployment is up. It seems that "trickle down" isn't trickling nearly far enough.

Sure, Conrad Hilton's wealth has trickled down to Paris, but where does it go after that? After all, how many jobs has Ms. Hilton created? None.

About that Bush Boom - Paul Krugman - Op-Ed Columnist - New York Times Blog

Great line:
But remember, we’re just a nation of whiners.

We are, but that's not the point here. Did you know that President George W. Bush will be the only president to have suffered through two recessions? That's a legacy he's wont to cherish.

Is it his fault? Not entirely. He's been creamed with some calamities (9/11, housing and stock market bubbles bursting), but he surely is to blame for a portion of it. After all, he has taken credit for the upswing after 9/11 because of his massive tax cuts and spending sprees (two wars, pork bills he's failed to veto).

You gotta take the bad and the good.

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