Bush’s Economic Growth: Not So Impressive

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Dean Baker takes a look at this paragraph from a NYT analysis of Bush’s economic record:

Mr. Bush has spent years presiding over an economic climate of growth that would be the envy of most presidents. Yet much to the consternation of his political advisers, he has had trouble getting credit for it, in large part because Americans were consumed by the war in Iraq.

Not so fast, says Baker. He pulls up the rankings of the presidential terms since 1960 by average annual GDP growth:

Kennedy-Johnson — 5.2%
Clinton — 3.6%
Reagan — 3.4%
Carter — 3.4%
Nixon-Ford — 2.7%
Bush II — 2.6%
Bush I — 1.9%

That list says an awful lot. (1) The Family Bush really doesn’t know how to manage the economy. (2) Democrats are pretty good at it. (3) Carter probably gets more crap than he deserves for his economic performance.

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THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

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