Wednesday, October 1, 2008

The Bush Boom: How A Misunderstood President Fixed a Broken Ecomony

This is a review from this book as found on

Many of you know some basic economic facts...

When Bush became president:
DJIA 11,139, S&P 500 1209, Nasdaq Composite: 2139. USD/EUR 1.07
Median household income: $50,007

DJIA 10,365, S&P 500 1106, Nasdaq Composite: 1983. USD/EUR 0.69
Median household income: $49,901

Now a lot of people would say that's terrible, and note that they'd expect income and stock indexes to rise by at least the rate of productivity growth and inflation combined, but those people are short-sighted.

If that happened, think of all the taxes we'd have to pay? No, instead President Bush has saved us all a fortune on taxes, by ensuring that on average we get poorer every year, and that our investment accounts have no gains, thus sparing us from the capital gains tax.

Finally, a thoughtful explanation of how Bush has cut all our taxes, by destroying all our incomes!


Sylvia K said...

Ah, finally a reason to be grateful for Bush! Wow! I never realized it, I should send him a thank you note and I will as soon as I can afford to buy note paper!
Thanks, Margie, things do get more and more ridiculous by the day, don't they?

Margie's Musings said...

Yes, they do. I'll bet this guy is so embarrassed to have written that book. If he isn't, he should be.