I wonder how many times some news reader on Fox bragged about the "52 straight months" without any context at all. The truth is that under the Bush Administration, when you take out housing, they really didn't grow squat. And we all know where housing is now and how many folks are employed in it.
Op-Ed Columnist - Herbert Hoover Lives - NYTimes.com: "Bush administration kept bragging about (“52 straight months!”) was a mirage inflated by the housing bubble. Job growth — about 2 percent — was in fact the most tepid of any eight-year period “since data collection began seven decades ago.” Gross domestic product grew at a slower pace than in any eight years since the Truman administration."
Sunday, February 1, 2009
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