We offer our sympathy and condolences to the Bush family and friends on the passing of President George H.W. Bush (1924-2018). We admired his character and service to the country. We also want to recognize President George W. Bush for his beautiful and heartfelt eulogy of Dec. 5, 2018. Well done.
Here’s a BushToll nugget that pretty much speaks for itself… documentation of the historic stock market crash that occurred under George W. Bush. When George W. Bush took office on Jan. 20, 2001, the S&P 500 stock market index stood at $1,342.54. The day President Bush 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:
UPDATED 2/5/2017 with revised BLS data through the end of Barack Obama’s second term.
When it comes to job creation, George W. Bush produced the worst results—a one percent increase over eight years—of any president since the U.S. Bureau of Labor Statistics (BLS) started keeping records in 1939.
As the de facto head of his party, a U.S. president is said to have coattails upon which his (not yet her) fellow party members ride into office. For political aspirants, the support of a popular president opens doors and wallets. When things go right, a president gains political allies in Congress and in state capitols across the country. When things go wrong, you end up with today’s Republican Party under the failed leadership of George W. Bush.
Continue reading Coattails? Bush and the Republican Debacle
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.
Continue reading The Bush Recession(s) UPDATED