"The books are just about (but not quite) closed on the Bush presidency, and although we'll have to wait just a while longer for some lagging numbers, we have enough to begin an analysis and, for the heck of it, a comparison to the Clinton years.
"Now, there are those who argue that Bush be given a pass for 2001 since he "inherited" Clinton's recession and suffered the tragic setbacks of Sept. 11. Being a fair-minded sort of guy, I'm going to give Bush a pass for 2001 and 2002, and we'll pick up our analysis for the last six years of his administration (i.e. 2003 through 2008). Likewise, to keep things fair, we'll look at Clinton from his Year 3 (1995) through the end of his term (2000). Apples-to-apples, right?"
... there's more, so read the rest after the click.
My comment: Heaven help us if we ever have to suffer anything like the Clinton economy again! Deregulation and "free market capitalism" have worked sooooo much better! (/snark)
There are those who benefited during the Bush years ... but, it would appear the Invisible Hand of the Market was giving most of us the middle finger!
Some would argue that the flaw wasn't the theory, it was the execution. But by that logic one could also say that Communism, as practiced by the Soviet Union, was a beautiful and workable theory ... the downfall was the execution. It makes as much sense.
Hint: In both cases, it was the dogmatic application of an ideology that brought the house down.
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