Did you know that just over the past 11 quarters, dating back to the June 2003 Bush tax cuts, America has increased the size of its entire economy by 20 percent? In less than three years, the U.S. economic pie has expanded by $2.2 trillion, an output add-on that is roughly the same size as the total Chinese economy, and much larger than the total economic size of nations like India, Mexico, Ireland, and Belgium.The next time someone mentions how great the Chinese economy is doing, tell them that Bush creates that entire economy every three years! It is a staggering accomplishment.
Well, any day now we can expect the press to start gushing about how George W. Bush is one of the greatest presidents ever. After all, his economic achievments have been dwarfing those of Bill Clinton (4.6% unemployment right now, ahem), and the fleeting prosperity of the Clinton dot.com bubble years were reason alone to put Clinton in the pantheon of great or near-great presidents, right?
All the more so for GWB then.
Crossposted from WILLisms.com