Category Archives: Economy

The state of our country’s and our citizens’ finances.

The Bush Stock Market Collapse

Here’s a BushToll nugget that pretty much speaks for itself. When George W. Bush took office on Jan. 20, 2001, the S&P 500 stock market index stood at $1,342.54. The day he left office, it was $805.22, a drop of 40 percent

The Dow Jones Industrial Average fared a bit better. It dropped only 25 percent. Sadly, the tech-heavy NASDAQ shed 48 percent of its value on President Bush’s watch.

As they say, a picture is worth 1,000 words:

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The George W. Bush Job Creation Failure

UPDATED 3/18/2015 with revised BLS data

When it comes to job creation, George W. Bush produced the worst results—less than a one percent increase over eight years—of any president since the U.S. Bureau of Labor Statistics (BLS) started keeping records in 1939.


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Bush Left Obama a $1.2 Trillion Deficit

DeficitsWhen we hear the partisan whining and complaining that President Obama has exploded the Federal budget deficit, it’s important to understand the budget train wreck he inherited from the previous administration. At the beginning of Jan. 2009, the nonpartisan Congressional Budget Office (CBO) released its report The Budget and Economic Outlook: Fiscal Years 2009 to 2019.

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The Bush Recession(s) UPDATED

Two recessions occurred on George W. Bush’s watch, the current one (that began in December 2007) being of catastrophic proportions. Here are the facts…

When it comes to measuring and dating U.S. business cycles, the National Bureau of Economic Research (NBER) is the gold standard. Founded in 1920 and headquartered in Cambridge, Mass., the private, nonprofit, nonpartisan research organization tracks economic expansions and contractions (recessions), where contractions start at the peak of a business cycle and end at the trough.
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Bush Grew Gross Federal Debt by 85.5%

George W. Bush presided over an historic 85.5 percent increase in the Gross Federal Debt.

Over his eight years in office, George W. Bush presided over an 85.5 percent increase in the Gross Federal Debt.

When he was inaugurated on Jan. 20, 2001 the Gross Federal Debt was $5.728 trillion(1), or 57 percent of the $10.129 trillion(2) Gross Domestic Product (GDP).

On Jan. 20, 2009, the day of Bush’s departure, the Gross Federal Debt was estimated at $10.627 trillion(3), an 85.5 percent increase since his inauguration.
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