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Monday, September 27, 2004

George W. Bush: worst performance on job creation since Herbert Hoover

Walter Williams reviews George W. Bush's economic record in the Seattle Post-Intelligencer and comes to these conclusions:

"In assessing President Bush's four-year economic performance, the standard measures show overwhelmingly that his record puts him at the bottom among the post-World War II presidents.

Also, the average family has lost ground during Bush's presidency. Since 2000, median family income (adjusted for inflation) has dropped by $1,535, or 3.4 percent, to $43,318...

George W. Bush has the worst performance on job creation of the postwar presidents with roughly a million net jobs lost since his inauguration. He will join Herbert Hoover as the only presidents to experience such a net decline of jobs.

In 2003, the number of people in poverty and those with no health insurance rose for the third straight year. Since 2000, the ranks of the poor had increased by 4.3 million persons. The number of individuals who were uninsured reached a record high of 45 million. Bush's 2003 budget deficit of $445 billion is the highest in history."

Article continues here.


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