It seems that business academia (not a traditionally left wing bunch) have teamed up and ganged up on Bush. In a devastating critique of his fiscal policy, they join the loud and growing chorus of experts who feel that the current administrations policies will at best require major reversal, and at worst, bankrupt the nation permanently.
Money quote:
What is called for, we believe, is a dramatic reorientation of fiscal policy, including substantial reversals of your tax policy. Running a budget deficit in response to a short bout of recession is one thing. But running large structural deficits over a long period is something else entirely. We therefore urge you to consider the fiscal realities we now face and the substantial burden they are placing on our economy.
As the first MBA President, he gets an F.
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