No. The truth is that the Bush Administration has maintained an illusion of prosperity with in excess of $2 Trillion of deficit spending. This fiscal irresponsiblity conceals the fact that our wealth-creating industries are being systematicly downsized and relocated offshore, sacrificing the long term national security of the American People.
There is little doubt that George Bush is conducting economic warfare against the prosperity of the American Middle Class.
"The prohibiting duties we lay on all articles of foreign manufacture which prudence requires us to establish at home, with the patriotic determination of every good citizen to use no foreign article which can be made within ourselves without regard to difference of price, secures us against a relapse into foreign dependency."
--Thomas Jefferson to Jean Baptiste Say, 1815.
"I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."-- President Andrew Jackson - (1824)
GDP growth, low unemployment, record home ownership, and low interest rates say otherwise Willie.