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Dec 25, 2021 · President George W. Bush's economic policies added $6 trillion to the national debt by funding two wars and three tax cuts.
- Kimberly Amadeo
Oct 28, 2015 · Presidents John F. Kennedy and Lyndon B. Johnson ran away with average economic growth during their presidencies, while Barack Obama and George W. Bush struggled.
- Senior Writer, Economics
- Lyndon B. Johnson (1963-1969) GDP growth: 2.6% Unemployment rate: 3.4% Inflation rate: 4.4% Poverty rate: 12.80% Real disposable income per capita: $17,181.
- Richard Nixon (1969-1974) GDP growth: 2.0% Unemployment rate: 5.5% Inflation rate: 10.9% Poverty rate: 12.00% Real disposable income per capita: $19,621. Disposable income per capita (adjusted for inflation): $110,961.
- Gerald Ford (1974-1977) GDP growth: 2.8% Unemployment rate: 7.5% Inflation rate: 5.2% Poverty rate: 11.90% Real disposable income per capita: $20,780. Disposable income per capita (adjusted for inflation): $95,602.
- Jimmy Carter (1977-1981) GDP growth: 4.6% Unemployment rate: 7.4% Inflation rate: 11.8% Poverty rate: 13.00% Real disposable income per capita: $21,891. Disposable income per capita (adjusted for inflation): $67,143.
Progressives decried the policies and actions of the President, both domestically and internationally. But one of the cries heard the most was that George W. Bush was “presiding over the worst economy since the Great Depression.” Now, we can look back and put their assertion to the test.
The last few months of the Bush presidency were marked by a major crash of the stock market, a controversial bail out of financial institutions and car companies, and a recession that would wipe out millions of jobs and impact the U.S. economy for many years.
President Bush was in office from January 2001 to January 2009, a complex and challenging economic and budgetary time. In addition to two recessions (2001 and the Great Recession of 2007–2009), the U.S. faced a housing bubble and bust, two wars, and the rise of Asian competitors, mainly China, which entered the World Trade Organization (WTO ...
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Was George W Bush presiding over the worst economy since the Great Depression?
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What was Bush's economic policy?
Economic events during the George W. Bush administration include income tax cuts in 2001 and 2003 and a subprime mortgage crisis in 2007 - 2008 that led to a period known as the Great Recession. Some major themes of President George W. Bush's economy policy include economic stimulus, job creation, economic growth, and fiscal responsibility.
