Pointing in the Wrong Direction

The U.S. Treasury, Washington D.C. (Photo credit: Wikipedia)

The analysis of the Bush presidency looks different when the time-frame considered is most relevant to Bush's core policies. For example, the key policy response to the events of his early years was the Jobs and Growth Reconciliation Act of May 2003 containing the now famous Bush tax cuts. Following that legislation, for the period June 2003 through January 2008, nonfarm employment increased by almost 10 million. Unemployment fell from 6.3% to 5%. GDP grew by $3 trillion. Tax receipts to the U.S. Treasury grew every year and were the largest in recorded history, and notably in the context of lower marginal rates.


Read the full story at The American Spectator.

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