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Monday, January 28, 2008

Would you envy this economy?

An article in today's New York Times suggests that the economy under President Bush would be the envy of many past presidents.

Dean Baker says, "I doubt it," defending his statement with a table of average annual GDP growth for presidential terms in the past 50 years.
Kennedy-Johnson -- 5.2%
Clinton -- 3.6%
Reagan -- 3.4%
Carter -- 3.4%
Nixon-Ford -- 2.7%
Bush II --2.6%
Bush I --1.9%
Only Bush's father would envy this economy. And because I'm a partisan, I'd like to note that 3 of the top 4 are Democratic presidential regimes. None of the bottom three are. If it's the economy, stupid, then don't vote Republican.

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