Saturday, September 12, 2009

The Reality of Shrub's Legacy

Not that facts seem to matter anymore, but the numbers are out on the impact from shrub's domestic policies, and they're dismal. This is no surprise to those of us who paid attention:
On every major measurement, the Census Bureau report shows that the country lost ground during Bush's two terms. While Bush was in office, the median household income declined, poverty increased, childhood poverty increased even more, and the number of Americans without health insurance spiked. By contrast, the country's condition improved on each of those measures during Bill Clinton's two terms, often substantially.

The Census' final report card on Bush's record presents an intriguing backdrop to today's economic debate. Bush built his economic strategy around tax cuts, passing large reductions both in 2001 and 2003. Congressional Republicans are insisting that a similar agenda focused on tax cuts offers better prospects of reviving the economy than President Obama's combination of some tax cuts with heavy government spending. But the bleak economic results from Bush's two terms, tarnish, to put it mildly, the idea that tax cuts represent an economic silver bullet.

Along with two wars, and assorted other disasters, this is shrub's legacy. This is what Obama is trying to fix. But the media will fixate on Tea-baggers, liars, and the assorted beltway "tut-tutters". The actual economic realities of real people aren't "news".

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