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09 Nov 2007 04:34 pm
Bush's Economic Legacy
The proud irresponsibility is the most striking thing - the obliviousness to the future, to the debt the next generation will carry, to the huge increase in the power of government over people's lives that Bush has engineered. Joe Stiglitz is surely right:
The economic effects of Bush's presidency are more insidious than those of Hoover, harder to reverse, and likely to be longer-lasting. There is no threat of America's being displaced from its position as the world's richest economy. But our grandchildren will still be living with, and struggling with, the economic consequences of Mr. Bush.
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