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Bushnomics 102
Read Larry Beinhart's article. It explains everything.
http://www.commondreams.org/views06/0620-21.htm
"We have had a slow recovery. Bushenomicists blame it on Clinton, on 9/11, and the subsequent wars. What George Bush fondly calls the ‘trifecta.’
The first of these is odd because under Clinton the economy grew like gangbusters. It produced jobs, the Dow Jones grew over 350%, the deficit left by Bush the Elder turned into a surplus. So Clinton policies should have been a perfect ‘how to.” The second was reasonable, but only for a brief period. A month, two months, perhaps a quarter. That’s all. The third is absurd. War normally produces growth. All around growth. Including jobs.
The so-called recovery has been treated as very mysterious. First, because it did not produce jobs. Now, because it is not producing business either. Yet it has produced an increase in corporate profits and a great rise in real estate.
If you just take the facts and forget about the fantasy, there’s nothing mysterious about any of it. "
http://www.commondreams.org/views06/0620-21.htm
"We have had a slow recovery. Bushenomicists blame it on Clinton, on 9/11, and the subsequent wars. What George Bush fondly calls the ‘trifecta.’
The first of these is odd because under Clinton the economy grew like gangbusters. It produced jobs, the Dow Jones grew over 350%, the deficit left by Bush the Elder turned into a surplus. So Clinton policies should have been a perfect ‘how to.” The second was reasonable, but only for a brief period. A month, two months, perhaps a quarter. That’s all. The third is absurd. War normally produces growth. All around growth. Including jobs.
The so-called recovery has been treated as very mysterious. First, because it did not produce jobs. Now, because it is not producing business either. Yet it has produced an increase in corporate profits and a great rise in real estate.
If you just take the facts and forget about the fantasy, there’s nothing mysterious about any of it. "