President Bush and the Economy – A Mixed Bag

The Wall Street Journal had the most objective assessment of the Bush Economy that I’ve come across. They back up their assessment with data (as opposed to sheer hatred). Some of his policies were extraordinarily beneficial to the economy. Other policies (with the help of Democrats and the Fed) were detrimental, as we now know. The lesson to be learned is that the best economic policies are useless if not backed up by sound moneteray policy. Let’s all hope that Barack Obama and his economic team take note.