The Bush Economy

[Utah]

If I read the numbers correctly, 750,000 jobs have been added over the last 3 months and 3,500,000 jobs have been added since March 2003 (April 2005, Current Economic Statistics, bureau of Labor Statistics, http://www.bls.gov/ces/ceshighlights.pdf)

Growth is strong, inflation is in check, unemployment is low, and productivity is increasing.

It would be hard to argue that Bush hasnt done a great job managing the economy. I am not saying this as a partisan shill because I am not a Bush supporter and I didnt vote for him. However, the numbers do not lie.

At worst, it appears that Bush managed over a very mild recession, which could have been affected by 9/11. It is also quite possible that Bush inherited the recession from Clinton. I am not bashing Clinton as I liked his management of the economy.

Now, I think presidents often get lucky or unlucky depending on when they serve because the ebb and flow of the economy is inevitable. However, the turnaround in the Bush economy appears to be directly liked to his supply side tax cuts.