Bush’s Keynesian Economy

Unemployment has remained reasonably low during the Bush era, but take a look at these statistics from the July Harper’s Index:

Estimated change since 2001 in the total number of U.S. private-sector jobs: +1,900,000

Estimated number of new private-sector jobs creaetd by government spending during that time: 2,800,000

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0 thoughts on “Bush’s Keynesian Economy

  1. Brian Rapp July 1, 2006 / 2:48 am

    Ho ho ho! Who wouldn’t have known?

    I think it was either Lew or DiLorenzo who went out of their way to point out that Bush’s old man was a die-hard Keynesian, something that put strain between him and a lot of the Reagonomics advocates back in the 80s.

    Regardless, I honestly don’t think GWB has an economic “philosophy”. I think that if Gore was in the Whore House, our economic situation would be about the same with government spending and subsequent raw materials price inflation would have occured anyway. The “Keynesian” aspect lies more in how our government today operates on a day to day basis. It’s not like Bush made any radical economic changes, although he did pass a bunch of tariffs. All they’ve done is max out on what the government was already doing for the past 90+ years: take income taxes, print fiat money and spend more than they should.

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