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Tuesday, May 1, 2012

Romney Hires Bush's Old Economic Gang

Ezra Klein, Washington Post
There’s not much in politics that allows me to say, “I’m old enough to remember when.” But here’s one: I’m old enough to remember when George W. Bush was president.It was, after all, only four short years ago. And it didn’t go so well. The Bush economy is one of the worst on record. Median wages dropped. Poverty worsened. Inequality increased. Surpluses turned into deficits. Monthly job growth was weaker than it had been in any expansion since 1954. Economic growth was sluggish.

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