Via the Democratic Caucus... I'm rerecommending this chart because of the data it contains and not because of the conclusions it seeks to have you draw from that data. The Bush Administration is certainly directly responsible for some of the changes on this list, such as international opinion of the US, and the increases in our budget and trade deficits. However, in many respects this chart is pure partisan bullshit. The most starkly annoying aspect is the inclusion of US dependence on foreign oil as a percentage of total oil consumption by the party that faught domestic oil exploration in Alaska. You're blaiming your partisan enemy for the inevitable consequences of the policies you advocated. That's as low as it gets. Many of the items on this list, such as the increase in oil prices and the amount of job creation, are related to aspects of the business cycle or developments in the global economy that aren't the direct responsibility of the Bush administration. Some, such as changes in the cost of insurance and the number of people insured, are more clearly political, but are the fault of a wide array of actors and not just the Presidency. In fact, the Administration did work on the insurance problem. The things that I like about this chart are political but I don't see them as directly related to Bush. The most important statistic, I think, is the median household income. It dropped. In 8 years, it dropped. Thats why our economy is contracting. Because in 8 years businesses have become more productive and they have increased their value but the people who live in this country haven't benefited. The only reason they've had more money to spend is because of phony inflation of the price of their homes built upon irresponsible credit mechanisms. I suspect a lot of the real value is moving overseas. The question is whether American growth is just going to stop until the rest of the world catches up and our workers become competitive again? Thats going to take a long time. And I don't think its a problem that the Democrats are in a position to solve, although I suspect replacing the H1-B program with a permanent residency system would have a substantial impact. The Legacy of George W Bush's Presidency |