When asked about George W. Bush’s greatest achievement, Bush hagiographers are quick to claim that “He kept us safe.” And when we ponder that sentiment, we can only wonder at the human capacity for self-delusion, especially when it was on Bush’s watch that the U.S. suffered the worst attack on its soil since Pearl Harbor.
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