3/26/09

Handling the Truth

Commerce Department readjusts 2008 4Q GDP to -6.3

The readjustment means the American economy grew at an average of 0.8% for Bush's last two years in office. The recession has been going on much longer than the GOP is and was willing to admit.

Compare this to 3.9% average growth for President Clinton's last two years in office. In other words, Bush inherited an economy growing at a two year average of 3.9% and turned over an economy at an anemic 0.8%.