Obama’s Blame Bush License Expires as Economic Growth Returns

by Mike on January 29, 2010

in Economy,Politics

The country received some excellent news today when it was announced the that the economy grew at a rate of 5.7 percent during the fourth quarter of 2009.  Of course we still have to wait to see what the adjusted numbers show because the initial release doesn’t always get it exactly right and this administration has a history of fudging data.  Nevertheless, 5.7 growth is tough to fake so it is likely that the economy experienced some good growth at the end of the year.  In fact, the last quarter was the country’s highest growth rate since President Bush governed alongside a Republican Congress in 2003.

Some people on our side imply that the Obama Administration doesn’t deserve too much credit for the good numbers because the economy contracted during 2009 calendar year, but I don’t think that’s a fair criticism.  It takes more than a few months for economic policies to take effect.  Surely, no thinking person would blame Ronald Reagan for the 1981-1982 recession he inherited from Jimmy Carter.  That said, the Obama Administration should be careful in how they trumpet this news.

Taking credit for the good news actually takes a big weapon out of their political arsenal, the “blame Bush card.”  When the Administration takes credit for the good numbers, they will in effect be admitting that the consequences of Bush policies have played out.  For better or worse, the Obama Administration owns the economy from this point forward.  There are already some indicators that the growth may be short-lived and with spending out of control and tax rates scheduled to increase at the end of the year since President Bush never convinced Congress to make the tax cuts permanent, our nation is not out of the woods yet.

But for now, let’s accept the good economic news.  As Ace of Spades argues, we should not act like the liberals did during the prosperous times our nation enjoyed during the Bush years before the Democrats won control of Congress.  Today’s a good day.

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Previous post:

Next post: