Former President George W. Bush jumped back into presidential politics this week, endorsing presumptive 2012 GOP nominee Mitt Romney. He also, according to the New York Times, plans to release a book in two months that will lay out his advice on boosting economic growth:
That Bush believes the country needs his thoughts on how to create economic growth is laughable. After all, under his watch, “growth in investment, GDP, and employment all posted their worst performance of any post-war expansion,” while “overall monthly job growth was the worst of any cycle since at least February 1945, and household income growth was negative for the first cycle since tracking began in 1967.” As the Economic Policy Institute found, “between the end of the 2001 recession (2001Q4) and the peak of that expansion (2007Q4), the U.S. economy experienced the worst economic expansion of the post-war era.”
As this chart shows, the only economic indicator on which Bush exceeded the average is corporate profits:
http://thinkprogress.org/
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