The U.S. national debt grew significantly from 2001 to 2008, both in dollars terms and relative to the size of the economy (GDP), due to a combination of tax cuts and wars in both Afghanistan and Iraq.
Wednesday, April 13, 2011
Bush discusses economy at Dallas conference - BusinessWeek: "The George W. Bush Institute has cited reaching 4 percent as one of its top goals. The U.S. economy has grown an average of about 3.5 percent a year since the 1950s."
US average GDP during Bush's presidency was 2.5%. Now he's talking about how the magic of tax cuts for the rich can get us to 4% growth! He left the economy in shambles. Job creation under Bush was dismal. The deficit exploded.
Anyone who would attend a conference to listen to GW Bush talk about the economy is an idiot. Tax cuts! Magic Ponies! Bust unions! Trickle down!
The only thing that trickles down from these Galtian overlords is the piss they're spraying on the poor and middle class. Take that, you dirty fucking hippies!