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For the Defense

By Matthew Yglesias

"For the Defense"

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This Washington Post article on how “President Bush has presided over the weakest eight-year span for the U.S. economy in decades” is pretty great. The best part is the Bush Team’s pathetic defense of their record:

Bush and his aides are quick to point out that they oversaw 52 straight months of job growth in the middle of this decade, and that the economy expanded at a steady clip from 2003 to 2007. But economists, including some former advisers to Bush, say it increasingly looks as if the nation’s economic expansion was driven to a large degree by the interrelated booms in the housing market, consumer spending and financial markets. Those booms, which the Bush administration encouraged with the idea of an “ownership society,” have proved unsustainable.

52 months would be great except that there are 96 months in an eight-year term. In other words, if you overlook Vietnam then Lyndon Johnson’s foreign policy went okay.

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