The Economic Consequences of Mr. Bush

The Economic Consequences of Mr. Bush

The next president will have to deal with yet another crippling legacy of George W. Bush: the economy.
A Nobel laureate, Joseph E. Stiglitz,
sees a generation-long struggle to recoup.
by Joseph E. Stiglitz December 2007
The American economy can take a lot of abuse,
but no economy is invincible.
When we look back someday at the catastrophe
that was the Bush administration,
we will think of many things:
the tragedy of the Iraq war,
the shame of Guantánamo and Abu Ghraib,
the erosion of civil liberties.
The damage done to the American economy
does not make front-page headlines every day,
but the repercussions will be felt
beyond the lifetime of anyone reading this page.

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