Even Paul Krugman misses George W. Bush

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TEL AVIV - JAN 09:U.S. President George W. Bush during the welcoming ceremony in Israel on Jan 9 2008.US President George W. Bush visited Israel twice during his two terms.

Article Highlights

  • Even Paul Krugman misses George Bush

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  • Bush's recession recovery spending outpaced Obama's, believe it or not

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  • Spending after the great recession may not be what you expect

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George W. Bush is back. After the pleasantly bipartisan opening of his presidential library, his father's glorious sock-wearing and his brother's highly anticipated first steps toward a run for president, his approval rating has now climbed above that of his successor, President Obama. And the support he is receiving is coming from unexpected corners: even New York Times blogger Paul Krugman, a former Enron consultant, has jumped on the "Miss Me Yet?" bandwagon.

In a recent blog post, Krugman compares the response of the Bush administration to the 2001 recession to that of the Obama administration to the Great Recession, and finds that president Bush oversaw a response that was quite superior. Referring to current fiscal policy as "amazing" in how bad it is, he argues that W's policies, including to some extent the war in Afghanistan and the liberation of Iraq, helped the U.S. economy recover from the outfall of the tech bubble burst and the 9/11 attacks.

The full text of this article is available on US News & World Report’s website. It will be posted to AEI.org on Thursday, June 27, 2013.

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Stan
Veuger
  • Stan Veuger's research focuses on the intersection of economic and political behavior. In particular, he has researched voter behavior, political activism, banking supervision, and policy uncertainty. At AEI, Veuger is concentrating on the impact of the Tea Party movement, on the relationship between job losses and economic policy uncertainty, and on the design of various social insurance programs.


     


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