Economist: Bush Numbers Outshine Clinton in Many Ways

Economist: Bush Numbers Outshine Clinton in Many Ways

He is chairman of "Economists for Bush" so maybe he is not the most objective person in the world. I wonder how accurate his numbers are? (BTW - at least, fellow bloggers, I admit when my source is biased. Try it sometime . . . .)

Better than Clinton?

Nine months prior to the 1996 presidential election, Bill Clinton's Council of Economic Advisers cheerfully reported that the "American economy has performed exceptionally well over the past 3 years." While that may not surprise you, you may however be surprised to learn that President George W. Bush's economic record is, in many ways, better than the record Clinton ran on for reelection.

Compared with the "exceptional" years of 1993, 1994, and 1995, the first three years of George W. Bush's presidency featured:



lower inflation
lower unemployment
faster productivity growth
faster labor compensation growth (i.e., wages and benefits)
29.4 percent ($6.9 trillion) more economic output
45 percent ($960 billion) more exports; and
an economic growth rate 81.2 percent as fast as that under Clinton