***We had 52 straight months of GDP growth under W.***
Drug addicts feel really really good when they’re high. That doesn’t mean the basis for their pleasure is sound, sustainable, or healthy.
If you measure real GDP from 1933 (when Roosevelt took office) to 1940, you’ll find a growth rate of over 60%. That of course ignores a lot of background information about the time. All of that “growth” was actually recovery to 1929 (in terms of real GNP per capita) levels, but if you just look at the numbers, it would seem that Roosevelt did quite well.
In reality though all his policies did was stifle and suppress recovery take the economy back into negative growth from ‘37-’38.
The fundamentals of the economy were not good under Bush. That isn’t to say it’s all (or even mostly) his fault, but he shares blame.
Instead of warning us the house was on fire Bush told us to climb higher to the attic to see a better view. Now Bush lovers are blaming Barney Frank for starting the fire and telling us that Bush warned Barney fires are dangerous....
But since Bush was only on TV telling us to climb higher its sort of obvious he set conservatives up to take the blame
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To make matters worse Bush was playing with matches too (he promoted poor minority bad credit home ownership ). But he warned Barney Frank fires were dangerous.