Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook

Victim of Naked Face-Eater Fights for Life Miami police are quiet on details in the aftermath of gruesome attack »

Bush Years Were Dark for US Economy

'We really went nowhere for almost 10 years,' says economist

By Kevin Spak, Newser Staff

Posted Jan 12, 2009 11:49 AM CST

(Newser) – The Bush years have not been good ones for the economy, the Washington Post reports, based on an analysis of economic data and discussions with economists of all stripes. Job growth for Bush’s tenure amounts to just 2%, the smallest 8-year gain on record,... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

8 comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Star Trek-Style Needleless Injections Now a Reality

Washington Post (Source Grid »)

How will history view Bush?
CBS News

Assessing the bill for the Bush administration
Salon

Scholars skeptical that history will redeem Bush
Houston Chronicle

Money • Politics • US

Bush administration • real estate • economic growth • recession • GDP • housing bubble • economy • job • George W. Bush

More Newser Stories

Economy Growing at Fastest Pace Since 2003

Last quarter of 2009 saw GDP growth of 5.7%

(AP) - The US economy grew for a second straight quarter from October through December, posting a better-than-expected 5.7% annual rate—the fastest quarterly pace since 2003. The Commerce Department report is the strongest evidence to date that the worst recession since the 1930s ended last year, though an academic panel that dates recessions has yet to officially declare it over. More»

Americans Blame War for Economic Woes: Poll

71% see negative impact; 61% want quick withdrawal from next president

(NEWSER) - The Iraq war and the current economic crisis aren’t unrelated issues in the minds of most Americans, a CNN poll finds. 71% said the war, which began five years ago today, helped cause the economic storm. Just 32% support the mission, with 61% saying the new president should withdraw most troops “within a few months of taking office.” More»

Recession Worse Than Thought; GDP Growth Weak

Economy grew just 1.3% over past three months

(NEWSER) - We already knew the Great Recession was the worst in decades, but in fact we were even worse off than we thought, new figures show. The economy shrank 5.1% over the course of the recession, from 2007 to 2009—1 percentage point worse than the earlier estimate of 4.1%, the AP reports. Only two in the past 10 recessions saw a squeeze of more than 3%. And yes, the economy is now growing—but it expanded only 1.3% from April to June, the Commerce Department said, lower than expected. More»

Blame Elite, Not Voters, for Deficit Mess

Those 'lecturing' on deficit helped get us here in the first place: Paul Krugman

(NEWSER) - More and more people have been telling Paul Krugman that the budget deficit is the people’s fault: “Weak-minded politicians catered to the electorate’s foolishness.” But that viewpoint is not only “self-serving, it’s dead wrong,” writes Krugman in the New York Times . Instead, we can thank “policies championed by small groups of influential people—in many cases, the same people now lecturing the rest of us on the need to get serious.” They’re behind the deficit’s key factors: the Bush tax cuts, the Iraq and Afghanistan wars, and the Great Recession. More»

Economy Grows in Q3, Signals End of Recession

Tenuous 3.5% growth is best showing in two years

(AP) - The economy grew at a 3.5% pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. The Commerce Department's report today delivered the strongest signal yet that the economy entered a new, though fragile, phase of recovery and that the worst recession since the 1930s has ended. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Bush Years Were Dark for US Economy

'We really went nowhere for almost 10 years,' says economist

Bush administration • real estate • economic growth • recession • GDP • housing bubble • economy • job • George W. Bush

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Economy Growing at Fastest Pace Since 2003

Last quarter of 2009 saw GDP growth of 5.7%

Americans Blame War for Economic Woes: Poll

71% see negative impact; 61% want quick withdrawal from next president

Recession Worse Than Thought; GDP Growth Weak

Economy grew just 1.3% over past three months

Blame Elite, Not Voters, for Deficit Mess

Those 'lecturing' on deficit helped get us here in the first place: Paul Krugman

Economy Grows in Q3, Signals End of Recession

Tenuous 3.5% growth is best showing in two years

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?