If you don’t miss him yet, you should.
Back in March, Federal Reserve Chairman Bernanke said personal income is in decline. If you are a Democrat you probably think it is still less of a decline than during the Bush years. Here is the Bush record.
The law that enacted the Bush tax cuts was the Jobs and Growth Act of 2003. If you are a Democrat you know revenues declined, they had to, but you don’t know by how much. Here is the Bush record.
Those tax cuts shifted the distribution of the burden between the rich and not rich, (not between the rich and the poor because the poor pay nothing). If you are a Democrat you believe the burden was lessened on the rich. In fact it was increased by 4%. Here is the Bush record.
You may have heard that under Bush government spending reached their all time high. That is both true and lamentable. If you are a Democrat you dismiss the relevant fact that revenues also reached their all time high.
If you are a Republican you know that Clinton’s surplus came by way of the dot com bubble. If you are a Democrat you fail to consider it was Bush was had to deal with the burst.
Click the graphs for a clear and enlarged image.