http://www.motherjones.com/kevin-drum/2014/12/obama-recovery-has-been-miles-better-bush-recovery
The Obama Recovery is much better than the Bush Recovery.
Bush got a nice tailwind from increased hiring at the state and
federal level. Obama, conversely, was sailing into heavy headwinds
because he inherited a worse recession. States cut employment
sharply—partly because they had to and partly because Republican
governors saw the recession as an opportunity to slash the size of
government—and Congress was unwilling to help them out in any kind of
serious way.
This is obviously not a story that conservatives are especially
likely to highlight. But there's not much question about it. Bush
benefited not just from a historic housing bubble, but from big
increases in government spending and government employment. But even at
that his recovery was anemic. Obama had no such help. He had to fight
not just a historic housing bust, but big drops in both government spending and government employment. Despite that, his recovery outperformed Bush's by a wide margin.
If you want to credit Bush for his tax cuts and malign Obama for his
stimulus program and his regulatory posture, then you have to accept the
results as well. And by virtually any measure, including the fact that
the current recovery hasn't ended in an epic global crash, Obama has
done considerably better than Bush.
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