January 2, 2013

WHAT REALLY SANK W WITH THE RIGHT REDOUNDS EVEN MORE TO HIS CREDIT...:

Bush Reconsidered (Victor Davis Hanson, January 2, 2013, National Review)

What helped to sink Bush's ratings among conservatives, however, was the chronic budget deficits that over two terms added more than $4 trillion to the national debt. Barack Obama seized on that profligacy, calling Bush "unpatriotic" for it and promising to halve the Bush annual deficit by the end of his first term, while blasting the "Bush tax cuts" that supposedly were the source of fiscal shortfalls and had only benefited the rich.

But Obama more than equaled Bush's eight-year borrowing in just four. Apparently, he also conceded that the once-derided Bush tax cuts had actually increased federal revenue while spurring the economy, since he soon insisted upon retaining them for all but those making over $250,000.

A comparative analysis of the Bush and Obama deficits between 2001 and 2012 proves disadvantageous to the latter: George Bush averaged a 2.7 percent ratio of deficits to GDP (less than those of Reagan or George H. W. Bush), Barack Obama so far 8.9 percent. 

...universal democratiziation, the spectacularly successful prescription coverage/HSA bill, the attempt to reform immigration, etc.
Posted by at January 2, 2013 7:47 PM
  
blog comments powered by Disqus
« PAGING MS HAYEK...: | Main | »